LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.006%

Price spread now: Coinbase International against Extended+0.291%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 3 days (all we have)−0.221%−$22 · spread now +0.291%, 7d avg +0.072%

Together, before fees−0.253%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.219% dearer against Extended than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.145	0.0104	pay 0.0013% / 1h	6m 25s	$670K	$1.9M	25x
Short	Coinbase International LINK-PERP-INTX	13.183	0.0120	get 0.0015% / 1h	6m 25s	$1.0M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.291%Rate

Funding earned: $3.36
Price spread: +0.291% → +0.072%: $21.94
Slippage, 4 orders: −$22.04
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$11.75
Costs to cover: 0.370%
Break-even: 31.5 days

Slippage from Extended: live order book, 2 min ago; Coinbase International: live order book, 2 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 Extended live order book, 2 min ago	0.38 bp	5.9 bp −$6	7.8 bp −$78	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	1.90 bp	11.8 bp −$12	15.9 bp −$159	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 −0.0091% / S +0.0167%	1h	13.149	+0.036%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	+0.285%	$464K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.151	+0.047%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.665%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.189	+0.337%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0069%	1h	13.181	+0.278%	$783K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.148	+0.025%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.158	+0.100%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.220	+0.576%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.156	+0.090%	$403K	$307K	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	13.157	+0.094%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.161	+0.125%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.149	+0.033%	$122.0M	$297.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.148	+0.025%	$84.7M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.149	+0.033%	$27.5M	$83.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.169	+0.185%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.149	+0.033%	$130.2M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.150	+0.040%	$36.4M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.153	+0.063%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.150	+0.040%	$54.5M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.152	+0.055%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	+0.187%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.193	+0.370%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.299%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.199	+0.413%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.151	+0.048%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.174	+0.220%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.189	+0.339%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	+0.215%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	+0.173%	$649K	$866K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.145	long leg	$670K	$1.9M	25x
Aevo LINK-PERP	+0.0104%	1h	13.152	+0.053%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0120%	1h	13.183	+0.291%	$1.0M	$2.7M	50x
Backpack LINK_USDC_PERP	+0.0162%	1h	13.180	+0.268%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.169	+0.185%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.181	+0.277%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.145	+0.003%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0430%	1h	13.158	+0.099%	$348K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0486%	8h	13.190	+0.345%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0546%	1h	13.165	+0.154%	$81.3M	$25.0M	10x	as long as short