LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.023%

Price spread now: Binance against gTrade (Gains Network)−0.039%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$2962.962% of the position

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.039%, 7d avg −0.002%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.037% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.002%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.945	L +0.0004% / S −0.0005%	pay 0.0001% / 1h	4m 34s	$155K	—	150x
Short	Binance LINKUSDT	12.940	0.0100	get 0.0100% / 8h	1h 04m	$119.5M	$299.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.039%Rate

Funding earned: $20.09
Price spread: −0.039% → −0.002%: −$3.69
Slippage, 4 orders: −$276.15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$279.76
Costs to cover: 2.962%
Break-even: 104.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 35 min ago; Binance: live order book, 9 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 gTrade (Gains Network) virtual book (oracle venue), 35 min ago	130.03 bp	141.1 bp −$141	963.4 bp −$9,634	10292.3 bp −$1.03M	doesn't fit
Sell Binance live order book, 9 min ago	0.39 bp	6.3 bp −$6	9.6 bp −$96	24.1 bp −$2,407	104.0 bp −$52.0K

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 −0.0087% / S +0.0165%	1h	12.945	−0.003%	$1.8M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0037%	8h	12.940	−0.041%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.956	+0.083%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0005%	1h	12.945	long leg	$155K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.212%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.205%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.942	−0.025%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.938	−0.059%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.949	+0.032%	$355K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.943	−0.014%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.942	−0.028%	$275K	$184K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.940	−0.039%	$119.5M	$299.7M	75x
Bybit LINKUSDT	+0.0100%	8h	12.935	−0.080%	$83.6M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.939	−0.049%	$27.1M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.953	+0.059%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.942	−0.025%	$134.9M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.941	−0.033%	$34.4M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.945	−0.002%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.933	−0.095%	$54.0M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.939	−0.049%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	+0.069%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.953	+0.056%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.952	+0.054%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.962	+0.129%	$133K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.947	+0.013%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.966	+0.163%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.955	+0.077%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.940	−0.041%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.943	−0.022%	$632K	$784K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0104%	1h	12.948	+0.021%	$336K	$387K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.930	−0.120%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.943	−0.018%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.963	+0.137%	$933K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0146%	1h	12.951	+0.044%	$81.0M	$28.0M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0152%	1h	12.948	+0.021%	$810K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.944	−0.007%	$6.5M	$8.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.943	−0.018%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.940	−0.037%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0547%	1h	12.957	+0.088%	$345K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0549%	8h	12.959	+0.106%	$20.0M	$11.3M	50x	as long as short