LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.021%

Price spread now: gTrade (Gains Network) against Coinbase International−0.085%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$315as in the Price arb table

costs, in and out, $10k−$3083.077% of the position

Long on Coinbase International Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.085%, 7d avg −0.012%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.074% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.994	0.0064	pay 0.0008% / 1h	9m 05s	$964K	$2.7M	50x
Short	gTrade (Gains Network) LINK/USD	12.983	L +0.0004% / S −0.0009%	get 0.0001% / 1h	9m 05s	$160K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.085%Rate

Funding earned: −$11.47
Price spread: −0.085% → −0.012%: −$7.38
Slippage, 4 orders: −$287.73
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$326.59
Costs to cover: 3.077%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 50 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 5 min ago	3.46 bp	12.8 bp −$13	17.6 bp −$176	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 50 min ago	130.06 bp	142.5 bp −$143	1049.2 bp −$10.5K	doesn't fit	doesn't fit

LINK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LINK/USD [LINK-USDC]	L −0.0090% / S +0.0167%	1h	12.983	−0.083%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.993	−0.007%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0009%	1h	12.983	−0.085%	$160K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.571%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	12.979	−0.115%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0064%	1h	12.994	long leg	$964K	$2.7M	50x
Lighter LINK	+0.0096%	1h	12.981	−0.099%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0097%	1h	12.986	−0.058%	$774K	$177K	50x	as long as short
Phoenix LINK	+0.0098%	1h	12.989	−0.035%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.984	−0.078%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.979	−0.117%	$393K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.987	−0.050%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.985	−0.073%	$274K	$174K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.979	−0.115%	$120.0M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.977	−0.131%	$83.8M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.978	−0.123%	$27.4M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.002	+0.062%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.980	−0.108%	$128.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.980	−0.108%	$32.5M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.985	−0.069%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.980	−0.108%	$54.0M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.978	−0.123%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.986	−0.062%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	−0.039%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.993	−0.007%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.128%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.017	+0.177%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.988	−0.046%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.980	−0.109%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.999	+0.041%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.982	−0.092%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.976	−0.141%	$640K	$691K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.978	−0.122%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.984	−0.080%	$544K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.988	−0.046%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.978	−0.123%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.985	−0.067%	$6.8M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0592%	1h	12.987	−0.055%	$344K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0606%	8h	13.000	+0.046%	$20.1M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0643%	1h	12.998	+0.031%	$81.8M	$27.3M	10x	as long as short