LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.008%

Price spread now: Pacifica against Coinbase International−0.040%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.040%, 7d avg −0.007%

Together, before fees+0.008%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.033% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.007%). If the spread goes back, that is −$3 on $10k: about 3.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.976	0.0064	pay 0.0008% / 1h	38m 11s	$937K	$2.7M	50x
Short	Pacifica LINK	12.971	0.0100	get 0.0013% / 1h	38m 11s	$274K	$170K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.040%Rate

Funding earned: $7.56
Price spread: −0.040% → −0.007%: −$3.32
Slippage, 4 orders: −$29.25
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$43.01
Costs to cover: 0.473%
Break-even: 46.8 days

Slippage from Coinbase International: live order book, 1 min ago; Pacifica: live order book, 25 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, 1 min ago	3.47 bp	11.9 bp −$12	15.9 bp −$159	doesn't fit	doesn't fit
Sell Pacifica live order book, 25 min ago	5.38 bp	11.7 bp −$12	doesn't fit	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	12.955	−0.160%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.963	−0.102%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.955	−0.165%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.439%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0043%	1h	12.959	−0.129%	$770K	$183K	50x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0064%	1h	12.976	long leg	$937K	$2.7M	50x
Orderly PERP_LINK_USDC	+0.0066%	8h	12.952	−0.185%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.954	−0.168%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.983	+0.053%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.967	−0.073%	$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	12.963	−0.100%	$394K	$315K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.960	−0.123%	$1.3M	$2.3M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	12.971	−0.040%	$274K	$170K	10x
Binance LINKUSDT	+0.0100%	8h	12.948	−0.214%	$119.4M	$296.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.944	−0.247%	$83.7M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.944	−0.247%	$27.3M	$81.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.983	+0.054%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.956	−0.154%	$128.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.948	−0.216%	$31.9M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.960	−0.123%	$23.0M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.943	−0.254%	$53.9M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.946	−0.231%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.952	−0.185%	$338K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.039%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.977	+0.010%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.267%	$583K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.011	+0.270%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.960	−0.123%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.955	−0.159%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.967	−0.066%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.954	−0.170%	$23K	$53K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.962	−0.109%	$639K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.950	−0.197%	$692K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.955	−0.161%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.966	−0.077%	$5.2M	$15.7M	75x	as long as short
dYdX LINK-USD	+0.0375%	1h	12.967	−0.069%	$343K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.951	−0.190%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0556%	1h	12.956	−0.156%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0606%	8h	12.968	−0.062%	$20.0M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0653%	1h	12.973	−0.020%	$81.1M	$27.0M	10x	as long as short