LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1003%/8h= −109.8% APRnext payment −$1.25 per $10,000 · paid last 24h −0.056%

Price spread now: Derive against dYdX−0.022%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Derive

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 against this trade now: funding costs −$30 a day on $10k at the current rate, and Derive is 0.022% cheaper against dYdX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	12.880	0.1103	pay 0.0138% / 1h	50m 37s	$346K	$20K	10x
Short	Derive LINK-PERP	12.877	0.0100	get 0.0013% / 1h	50m 37s	$16K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against dYdX. 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 dYdXbpFee DerivebpOrdersPrice spread, now −0.022%Rate

Funding earned: −$210.54
Price spread: −0.022% → 0.000%: −$2.2
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$228.74
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 57 min ago; Derive: no order-book sample. 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 dYdX live order book, 57 min ago	54.14 bp	59.1 bp −$59	59.1 bp −$591	69.3 bp −$6,930	110.5 bp −$55.2K
Sell Derive no order-book sample	—	—	—	—	—

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 exchanges

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
Orderly PERP_LINK_USDC	−0.0248%	8h	12.872	−0.063%	$84K	$794K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.881	+0.006%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.888	+0.064%	$479K	$2.0M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.880	−0.002%	$114K	—	150x	as long as short
Phoenix LINK	+0.0025%	1h	12.914	+0.263%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.727%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0067%	8h	12.873	−0.054%	$3.3M	$1.7M	—	as long as short
Lighter LINK	+0.0096%	1h	12.882	+0.013%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.880	−0.004%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.880	+0.003%	$345K	$273K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.888	+0.062%	$81.1M	$25.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.897	+0.131%	$1.2M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.882	+0.015%	$274K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.901	+0.164%	$120.0M	$263.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.895	+0.116%	$83.8M	$66.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.899	+0.147%	$27.4M	$72.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.907	+0.209%	$180K	$84K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.881	+0.007%	$132.8M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.883	+0.023%	$36.0M	$52.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.885	+0.038%	$23.3M	$11.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.881	+0.007%	$53.9M	$25.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.886	+0.046%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.888	+0.062%	$324K	$349K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.904	+0.189%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.907	+0.209%	$581K	$3.2M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.913	+0.256%	$104K	$686K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.884	+0.031%	$82K	$56K	10x	as long as short
Derive LINK-PERPshort	+0.0100%	1h	12.877	−0.022%	$16K	$18K	10x
SunX LINK-USDT	+0.0100%	8h	12.899	+0.147%	$33K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.881	+0.007%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.873	−0.058%	$610K	$700K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.880	−0.003%	$625K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.881	+0.010%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.906	+0.201%	$983K	$3.0M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0216%	1h	12.883	+0.023%	$6.6M	$7.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.883	+0.023%	$5.4M	$15.1M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0309%	1h	12.888	+0.060%	$888K	$361K	50x	as long as short
Phemex LINKUSDT	+0.0409%	8h	12.897	+0.131%	$19.9M	$10.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0410%	1h	12.874	−0.046%	$4K	—	20x	as long as short
dYdX LINK-USDlong	+0.1103%	1h	12.880	long leg	$346K	$20K	10x