LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.16 per $10,000 · paid last 24h −0.013%

Price spread now: Injective against Coinbase International−4.040%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+1.012%+$101 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 4.040% cheaper against Coinbase International than usual: you would sell low and buy high (−$404 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.012%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.922	0.0160	pay 0.0020% / 1h	40m 26s	$931K	$2.8M	50x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	40m 26s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −4.040%Rate

Funding earned: −$26.6
Price spread: −4.040% → 0.000%: −$403.96
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$440.58
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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, 3 min ago	2.32 bp	11.3 bp −$11	14.9 bp −$149	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0087% / S +0.0165%	1h	12.905	−0.132%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0064%	8h	12.898	−0.186%	$91K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.920	−0.017%	$507K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.912	−0.074%	$808K	$268K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.905	−0.134%	$155K	—	150x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−4.040%	$4K	$48K	12x
Phoenix LINK	+0.0074%	1h	12.920	−0.013%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.896	−0.197%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.895	−0.212%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.896	−0.197%	$353K	$340K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.904	−0.139%	$80.8M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.900	−0.174%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.898	−0.188%	$274K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.892	−0.230%	$119.1M	$298.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.891	−0.240%	$83.3M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.891	−0.240%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.911	−0.085%	$180K	$95K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.900	−0.170%	$133.3M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.898	−0.186%	$34.4M	$58.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.902	−0.155%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.889	−0.255%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.893	−0.224%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.911	−0.085%	$335K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.900	−0.170%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.910	−0.090%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.917	−0.039%	$587K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.921	−0.008%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.897	−0.193%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.903	−0.149%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.919	−0.020%	$34K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.905	−0.132%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.891	−0.238%	$630K	$778K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.905	−0.131%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.887	−0.271%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.908	−0.112%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0160%	1h	12.922	long leg	$931K	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	12.907	−0.116%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0400%	1h	12.898	−0.183%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0498%	1h	12.899	−0.176%	$344K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0552%	8h	12.922	0.000%	$20.0M	$11.4M	50x	as long as short