LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Pacifica against Extended+0.153%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Extended Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.153%, 7d avg +0.064%

Together, before fees−0.094%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.090% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.956	0.0104	pay 0.0013% / 1h	39m 01s	$692K	$2.0M	25x
Short	Pacifica LINK	12.975	0.0100	get 0.0013% / 1h	39m 01s	$274K	$170K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.153%Rate

Funding earned: −$0.84
Price spread: +0.153% → +0.064%: $8.95
Slippage, 4 orders: −$20.81
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$25.7
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Pacifica: live order book, 24 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	1.92 bp	6.4 bp −$6	8.0 bp −$80	doesn't fit	doesn't fit
Sell Pacifica live order book, 24 min ago	5.38 bp	11.7 bp −$12	doesn't fit	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 −0.0090% / S +0.0167%	1h	12.959	+0.031%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.980	+0.189%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.960	+0.032%	$159K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0028%	1h	12.964	+0.068%	$770K	$193K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.288%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.966	+0.081%	$937K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.956	+0.004%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.960	+0.035%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.983	+0.211%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.971	+0.117%	$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	12.972	+0.127%	$394K	$315K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.965	+0.070%	$1.3M	$2.3M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	12.975	+0.153%	$274K	$170K	10x
Binance LINKUSDT	+0.0100%	8h	12.961	+0.041%	$119.5M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.959	+0.027%	$83.8M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.961	+0.042%	$27.3M	$81.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.990	+0.266%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.962	+0.050%	$128.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.960	+0.035%	$31.9M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.965	+0.073%	$23.0M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.964	+0.066%	$53.9M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.966	+0.081%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.968	+0.096%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	+0.119%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.977	+0.168%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.425%	$583K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.011	+0.428%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.978	+0.174%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.960	+0.035%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.984	+0.221%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.960	+0.035%	$13K	$49K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.959	+0.030%	$639K	$688K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.956	long leg	$692K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.961	+0.046%	$544K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.966	+0.081%	$5.2M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.971	+0.118%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0388%	1h	12.973	+0.138%	$344K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0556%	1h	12.961	+0.041%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0618%	8h	12.976	+0.158%	$20.0M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0663%	1h	12.981	+0.197%	$81.1M	$26.9M	10x	as long as short