LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0648%/8h= +70.9% APRnext payment +$0.81 per $10,000 · paid last 24h +0.051%

Price spread now: dYdX against Deribit−0.033%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1851.853% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.473%+$47 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now −0.033%, 7d avg +0.006%

Together, before fees+0.406%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.039% cheaper against Deribit than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.006%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.473% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	13.129	0	get 0.0000% / 1h	25m 05s	$724K	$136K	50x
Short	dYdX LINK-USD	13.124	0.0648	get 0.0081% / 1h	25m 05s	$348K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $135.98
Price spread: −0.033% → +0.006%: −$3.88
Slippage, 4 orders: −$168.31
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$53.21
Costs to cover: 1.853%
Break-even: 9.7 days

Slippage from Deribit: live order book, 54 min ago; dYdX: live order book, 54 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 Deribit live order book, 54 min ago	4.17 bp	7.7 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit
Sell dYdX live order book, 54 min ago	78.47 bp	83.5 bp −$83	111.1 bp −$1,111	126.8 bp −$12.7K	191.1 bp −$95.5K

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 −0.0091% / S +0.0167%	1h	13.121	−0.055%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.128	−0.008%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALlong	0.0000%	1h	13.129	long leg	$724K	$136K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.121	−0.056%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.152	+0.177%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.550%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.121	−0.059%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.124	−0.034%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.116	−0.096%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.120	−0.064%	$400K	$311K	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	13.125	−0.028%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.123	−0.045%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.121	−0.059%	$122.0M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.116	−0.097%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.119	−0.074%	$27.7M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.135	+0.048%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.123	−0.043%	$130.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.125	−0.028%	$36.5M	$57.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.129	+0.002%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.123	−0.043%	$54.6M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.123	−0.043%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.138	+0.071%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.140	+0.086%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.144	+0.115%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.147%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.122	−0.051%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.122	−0.049%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.132	+0.028%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.125	−0.028%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.110	−0.146%	$645K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.123	−0.047%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.127	−0.016%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.128	−0.005%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.115	−0.104%	$5.2M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0229%	1h	13.134	+0.040%	$363K	$377K	15x	as long as short
Hyperliquid LINK	+0.0283%	1h	13.139	+0.078%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.118	−0.081%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.135	+0.052%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.139	+0.078%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USDshort	+0.0648%	1h	13.124	−0.033%	$348K	$48K	10x