LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h +0.028%

Price spread now: Kraken Futures against Extended+0.092%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now +0.092%, 7d avg +0.065%

Together, before fees+0.192%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.028% dearer against Extended than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.065%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.818	0.0104	pay 0.0013% / 1h	30m 16s	$614K	$2.0M	25x
Short	Kraken Futures PF_LINKUSD	12.830	0.0049	get 0.0006% / 1h	30m 16s	$6.4M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$11.47
Price spread: +0.092% → +0.065%: $2.75
Slippage, 4 orders: −$16.8
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$40.51
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Kraken Futures: live order book, 4 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, 3 min ago	1.56 bp	4.8 bp −$5	7.7 bp −$77	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	3.11 bp	11.9 bp −$12	18.0 bp −$180	42.0 bp −$4,204	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
Orderly PERP_LINK_USDC	−0.0117%	8h	12.821	+0.026%	$90K	$972K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.829	+0.089%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.838	+0.158%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.828	+0.080%	$105K	—	150x	as long as short
Bybit LINKUSDT	+0.0014%	8h	12.823	+0.041%	$83.0M	$72.9M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.259%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0049%	1h	12.830	+0.092%	$6.4M	$8.4M	50x
Phoenix LINK	+0.0087%	1h	12.863	+0.353%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.827	+0.075%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.823	+0.044%	$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	12.821	+0.026%	$347K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.830	+0.096%	$80.1M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.833	+0.119%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.824	+0.049%	$273K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.826	+0.067%	$118.4M	$296.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.824	+0.049%	$26.9M	$79.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.842	+0.190%	$179K	$100K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.826	+0.065%	$132.9M	$17.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.825	+0.057%	$35.6M	$58.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.829	+0.088%	$22.8M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.824	+0.049%	$53.5M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.824	+0.049%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.837	+0.151%	$334K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.832	+0.115%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.848	+0.233%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.871	+0.416%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.851	+0.260%	$131K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.829	+0.088%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.828	+0.083%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.840	+0.176%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.830	+0.096%	$10K	$59K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.822	+0.030%	$626K	$710K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.818	long leg	$614K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.828	+0.080%	$538K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0109%	1h	12.833	+0.119%	$803K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.873	+0.431%	$926K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.840	+0.174%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.823	+0.042%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0627%	8h	12.841	+0.182%	$19.8M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.1475%	1h	12.830	+0.096%	$345K	$49K	10x	as long as short