LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: Pacifica against Deribit−0.017%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now −0.017%, 7d avg +0.011%

Together, before fees+0.066%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.028% cheaper against Deribit than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.011%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	13.152	0	get 0.0000% / 1h	27m 16s	$713K	$120K	50x
Short	Pacifica LINK	13.149	0.0100	get 0.0013% / 1h	27m 16s	$276K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.017%Rate

Funding earned: $21
Price spread: −0.017% → +0.011%: −$2.78
Slippage, 4 orders: −$23.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.24
Costs to cover: 0.385%
Break-even: 13.7 days

Slippage from Deribit: live order book, 61 min ago; Pacifica: live order book, 61 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, 61 min ago	3.78 bp	7.3 bp −$7	14.8 bp −$148	doesn't fit	doesn't fit
Sell Pacifica live order book, 61 min ago	4.16 bp	9.9 bp −$10	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 −0.0092% / S +0.0166%	1h	13.148	−0.025%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.152	+0.005%	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALlong	0.0000%	1h	13.152	long leg	$713K	$120K	50x
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.148	−0.028%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.140	−0.088%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0022%	1h	13.148	−0.026%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.715%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0046%	8h	13.140	−0.088%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0068%	8h	13.128	−0.180%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.152	+0.006%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.146	−0.046%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.144	−0.056%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.163	+0.087%	$77.8M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.149	−0.016%	$1.6M	$2.7M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.149	−0.017%	$276K	$150K	10x
Binance LINKUSDT	+0.0100%	8h	13.147	−0.032%	$121.5M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.145	−0.050%	$84.7M	$69.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.150	−0.012%	$27.8M	$85.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.158	+0.049%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.150	−0.012%	$130.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.146	−0.043%	$36.8M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.152	+0.003%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.145	−0.050%	$54.4M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.147	−0.035%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.125	−0.205%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.128	−0.180%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.130	−0.164%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.149	−0.020%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.144	−0.055%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.159	+0.053%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.147	−0.035%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.112	−0.304%	$645K	$908K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0103%	1h	13.158	+0.049%	$365K	$372K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	13.144	−0.056%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.150	−0.012%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.157	+0.041%	$991K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.142	−0.073%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.144	−0.055%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0467%	8h	13.158	+0.049%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.157	+0.040%	$7.0M	$7.8M	50x	as long as short