Spread before costs (cost unknown: a leg has no order-book sample)−0.146%
7d average—if it closes, per $10,000$15funding while held, a day+$0.36
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International LINK-PERP-INTX | 13.046 | 0.0088 | pay 0.0011% / 1h | 10m 37s | $1.0M | $2.7M | 50x |
| Short | Polymarket Perps LINK-USD | 13.027 | 0.0100 | get 0.0013% / 1h | 10m 37s | $74K | $44K | 10x |
Coinbase International LINK-PERP-INTX
Polymarket Perps LINK-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$14.56
- Funding while held
- $0.36
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$32.2
- Spread needed to break even
- 0.180%
Slippage unknown: Coinbase International: live order book, 5 min ago; Polymarket Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0012%
- Per $10,000 a day
- +$0.36
- Average in range /8h
- —
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 | 3.08 bp | 11.8 bp −$12 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Polymarket Perps no order-book sample | — | — | — | — | — |
Polymarket Perps: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective12.400cheapestApeX Omni13.001+4.847%HTX13.012+4.940%edgeX13.013+4.943%Phoenix13.016+4.971%Extended13.019+4.988%Bitget13.020+5.000%Bybit13.021+5.008%Paradex13.022+5.018%Binance13.024+5.032%OKX13.024+5.032%BingX13.025+5.040%
Injective
ApeX Omni
HTX
Phoenix
Extended
Bitget
Bybit
Paradex
Binance
OKX
BingXPolymarket Perps13.027+5.056%
Variational Omni13.028+5.064%KuCoin13.031+5.089%Lighter13.033+5.103%MEXC13.033+5.105%Pacifica13.034+5.113%Gate13.034+5.113%Nado13.035+5.121%dYdX13.036+5.129%BloFin13.036+5.129%Reya13.037+5.133%Derive13.037+5.141%SoDEX13.039+5.153%Arcus13.040+5.161%Aevo13.043+5.187%Kraken Futures13.044+5.192%Orderly13.044+5.194%GMX13.044+5.197%Deribit13.044+5.198%gTrade (Gains Network)13.045+5.198%Aster13.046+5.208%
Variational Omni
KuCoin
Lighter
MEXC
Pacifica
Gate
Nado
dYdX
BloFin
Reya
Derive
SoDEX
Arcus
Aevo
Kraken Futures
Orderly
GMX
Deribit
gTrade (Gains Network)
AsterCoinbase International13.046+5.210%
Kalshi13.047+5.222%Hyperliquid13.049+5.234%Backpack13.054+5.274%Phemex13.054+5.274%SunX13.055+5.279%
Hyperliquid
Backpack
Phemex
SunXLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −4.952% | +0.0033% | 1h | $4K | $106K | 12x | as long as short |
| ApeX Omni LINKUSDT | −0.345% | +0.0100% | 1h | $132K | $653K | 50x | as long as short |
| HTX LINK-USDT | −0.257% | +0.0100% | 8h | $646K | $1.0M | 75x | as long as short |
| edgeX LINKUSDC | −0.253% | +0.0100% | 4h | $43K | $311K | 20x | as long as short |
| Phoenix LINK | −0.227% | −0.0062% | 1h | $3K | $47K | 10x | as long as short |
| Extended LINK-USD | −0.210% | +0.0064% | 1h | $677K | $1.8M | 25x | as long as short |
| Bitget LINKUSDT | −0.199% | +0.0100% | 8h | $54.3M | $30.2M | 75x | as long as short |
| Bybit LINKUSDT | −0.192% | −0.0020% | 8h | $80.7M | $60.7M | 75x | as long as short |
| Paradex LINK-USD-PERP | −0.182% | +0.0017% | 8h | $32K | $2K | 20x | as long as short |
| Binance LINKUSDT | −0.169% | +0.0041% | 8h | $119.1M | $286.4M | 75x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX LINK-USDT-SWAP | −0.169% | +0.0035% | 8h | $27.5M | $91.6M | 50x | as long as short |
| BingX LINK-USDT | −0.161% | +0.0100% | 8h | — | $19.8M | — | as long as short |
| Polymarket Perps LINK-USDshort | −0.146% | +0.0100% | 1h | $74K | $44K | 10x | |
| Variational Omni LINK | −0.139% | −0.0048% | 8h | $3.2M | $1.2M | — | as long as short |
| KuCoin LINKUSDTM | −0.115% | +0.0100% | 8h | $21.3M | $17.4M | 75x | as long as short |
| Lighter LINK | −0.101% | +0.0048% | 1h | $2.0M | $2.0M | 10x | as long as short |
| MEXC LINK_USDT | −0.100% | +0.0039% | 8h | $34.9M | $58.2M | 300x | as long as short |
| Pacifica LINK | −0.092% | +0.0100% | 1h | $273K | $168K | 10x | as long as short |
| Gate LINK_USDT | −0.092% | −0.0007% | 8h | $132.8M | $12.6M | 75x | as long as short |
| Nado LINK-PERP | −0.084% | +0.0100% | 1h | $431K | $365K | 10x | as long as short |
| dYdX LINK-USD | −0.077% | 0.0000% | 1h | $345K | $60K | 10x | as long as short |
| BloFin LINK-USDT | −0.077% | +0.0158% | 8h | $5.3M | $12.7M | 75x | as long as short |
| Reya LINKRUSDPERP | −0.073% | +0.0357% | 1h | $4K | $400 | 20x | as long as short |
| Derive LINK-PERP | −0.065% | +0.0100% | 1h | $28K | $10K | 10x | as long as short |
| SoDEX LINK-USD | −0.054% | −0.0059% | 1h | $8K | $42K | 10x | as long as short |
| Arcus LINK-USD | −0.046% | +0.0100% | 1h | $184K | $193K | 10x | as long as short |
| Aevo LINK-PERP | −0.021% | +0.0088% | 1h | $549K | $340 | 3x | as long as short |
| Kraken Futures PF_LINKUSD | −0.016% | −0.0173% | 1h | $6.1M | $6.7M | 50x | as long as short |
| Orderly PERP_LINK_USDC | −0.015% | +0.0098% | 8h | $186K | $1.6M | 20x | as long as short |
| GMX LINK/USD [LINK-USDC] | −0.012% | L −0.0087% / S +0.0158% | 1h | $1.7M | — | 200x | as long as short |
| Deribit LINK_USDC-PERPETUAL | −0.011% | 0.0000% | 1h | $701K | $82K | 50x | as long as short |
| gTrade (Gains Network) LINK/USD | −0.011% | L +0.0004% / S −0.0007% | 1h | $178K | — | 150x | as long as short |
| Aster LINKUSDT | −0.002% | +0.0100% | 8h | $1.5M | $2.2M | 50x | as long as short |
| Coinbase International LINK-PERP-INTXlong | 0.000% | +0.0088% | 1h | $1.0M | $2.7M | 50x | |
| Kalshi KXLINKPERP | +0.011% | 0.0000% | 8h | $460K | $2.2M | 3.7x | as long as short |
| Hyperliquid LINK | +0.023% | +0.0100% | 1h | $79.1M | $20.5M | 10x | as long as short |
| Backpack LINK_USDC_PERP | +0.061% | +0.0100% | 1h | $388K | $368K | 15x | as long as short |
| Phemex LINKUSDT | +0.061% | +0.0337% | 8h | $20.3M | $11.3M | 50x | as long as short |
| SunX LINK-USDT | +0.066% | +0.0100% | 8h | $34K | $1.6M | 30x | as long as short |