LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0517%/8h= +56.6% APRnext payment +$0.65 per $10,000 · paid last 24h +0.030%

Price spread now: dYdX against Derive+0.036%7-day average — · you sell dearer than you buy

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

Long on Derive Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and dYdX is 0.036% dearer against Derive than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LINK-PERP	12.879	0.0100	pay 0.0013% / 1h	41m 43s	$16K	$22K	10x
Short	dYdX LINK-USD	12.884	0.0617	get 0.0077% / 1h	41m 43s	$341K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Derive. 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 DerivebpFee dYdXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $108.51
Price spread: +0.036% → 0.000%: $3.64
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: $96.15
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Derive: no order-book sample; dYdX: live order book, 17 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 Derive no order-book sample	—	—	—	—	—
Sell dYdX live order book, 17 min ago	46.47 bp	51.5 bp −$51	134.3 bp −$1,343	254.7 bp −$25.5K	714.7 bp −$357.4K

Derive: 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 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	12.882	+0.020%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.871	−0.064%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.884	+0.033%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.722%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0059%	8h	12.881	+0.013%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.888	+0.067%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.912	+0.253%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.897	+0.139%	$3K	$84K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	12.884	+0.038%	$769K	$193K	50x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.888	+0.071%	$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	12.886	+0.055%	$390K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.886	+0.049%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.890	+0.085%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.889	+0.075%	$119.2M	$297.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.886	+0.051%	$83.1M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.887	+0.059%	$27.2M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.903	+0.183%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.880	+0.005%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.889	+0.075%	$32.1M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.891	+0.090%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.884	+0.036%	$53.6M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.882	+0.020%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.888	+0.067%	$337K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	−0.010%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.875	−0.032%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	+0.053%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	+0.090%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.890	+0.083%	$80K	$70K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	12.879	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	12.899	+0.151%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.878	−0.011%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.832	−0.367%	$628K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.878	−0.009%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.881	+0.013%	$540K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.885	+0.044%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0351%	1h	12.900	+0.160%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.878	−0.012%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0397%	1h	12.882	+0.022%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0593%	8h	12.897	+0.137%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USDshort	+0.0617%	1h	12.884	+0.036%	$341K	$30K	10x