LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.037%

Price spread now: dYdX against Extended+0.028%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1791.786% of the position

Long on Extended Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.285%+$29 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.028%, 7d avg +0.063%

Together, before fees+0.314%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.036% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.285%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.169	0.0104	pay 0.0013% / 1h	18m 26s	$678K	$1.8M	25x
Short	dYdX LINK-USD	13.173	0	get 0.0000% / 1h	18m 26s	$349K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$21.84
Price spread: +0.028% → +0.063%: −$3.56
Slippage, 4 orders: −$163.65
Fee Extended: 2.5 bp × 2 orders: −$5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$204.05
Costs to cover: 1.786%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; dYdX: live order book, 1 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, 5 min ago	2.66 bp	5.2 bp −$5	6.7 bp −$67	doesn't fit	doesn't fit
Sell dYdX live order book, 1 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 −0.0090% / S +0.0167%	1h	13.169	+0.004%	$1.8M	—	200x	as long as short
dYdX LINK-USDshort	0.0000%	1h	13.173	+0.028%	$349K	$48K	10x
Kalshi KXLINKPERP	0.0000%	8h	13.170	+0.010%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.167	−0.016%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.173	+0.028%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.839%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.193	+0.183%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.163	−0.045%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.176	+0.057%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.169	+0.003%	$32K	$3K	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	13.160	−0.064%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.183	+0.107%	$77.8M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.175	+0.044%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.174	+0.038%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.169	+0.001%	$122.3M	$302.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.167	−0.015%	$84.9M	$70.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.169	+0.001%	$27.7M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.184	+0.114%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.172	+0.023%	$130.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.170	+0.008%	$36.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.171	+0.016%	$22.4M	$15.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.167	−0.015%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.168	−0.007%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.187	+0.136%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.189	+0.155%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.193	+0.180%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.196	+0.206%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.171	+0.016%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.160	−0.069%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.173	+0.032%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.163	−0.045%	$5K	$37K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.147	−0.164%	$646K	$894K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.169	long leg	$678K	$1.8M	25x
Aevo LINK-PERP	+0.0104%	1h	13.165	−0.026%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.174	+0.038%	$991K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0209%	1h	13.174	+0.038%	$365K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.166	−0.022%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.167	−0.012%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.181	+0.092%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.171	+0.012%	$7.0M	$8.1M	50x	as long as short