LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Coinbase International−0.100%7-day average −0.038% · you buy dearer than you sell

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.100%, 7d avg −0.038%

Together, before fees−0.037%+ Points / potential airdropVariational Omni: Active · farm board−$4 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 Variational Omni is 0.063% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	13.244	0.0160	pay 0.0020% / 1h	51m 14s	$1.0M	$2.8M	50x
Short	Variational Omni LINK	13.231	0.0100	get 0.0100% / 8h	51m 14s	$3.4M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.100%Rate

Funding earned: −$12.6
Price spread: −0.100% → −0.038%: −$6.27
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.87
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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	3.39 bp	11.2 bp −$11	15.5 bp −$155	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.13 bp	doesn't fit	8.1 bp −$81	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	13.245	+0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.252	+0.059%	$476K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.248	+0.034%	$726K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.246	+0.012%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.240	−0.031%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.373%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.243	−0.008%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.244	−0.002%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.242	−0.016%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.246	+0.015%	$406K	$314K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.247	+0.025%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.251	+0.050%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.244	−0.001%	$123.3M	$303.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.238	−0.045%	$85.5M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.241	−0.023%	$27.9M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.262	+0.136%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.245	+0.008%	$131.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.246	+0.015%	$37.0M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.250	+0.045%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.243	−0.008%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.245	+0.008%	—	$21.2M	—	as long as short
Variational Omni LINKshort	+0.0100%	8h	13.231	−0.100%	$3.4M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.250	+0.045%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.248	+0.030%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.258	+0.106%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.249	+0.038%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.241	−0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.258	+0.103%	$35K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.246	+0.015%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.212	−0.240%	$650K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.241	−0.020%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.247	+0.020%	$555K	$2K	3x	as long as short
dYdX LINK-USD	+0.0141%	1h	13.247	+0.026%	$351K	$48K	10x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0160%	1h	13.244	long leg	$1.0M	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	13.240	−0.030%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0287%	1h	13.261	+0.128%	$78.5M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.243	−0.005%	$5K	—	20x	as long as short
Backpack LINK_USDC_PERP	+0.0384%	1h	13.246	+0.015%	$366K	$381K	15x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.261	+0.128%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.254	+0.075%	$7.0M	$8.2M	50x	as long as short