LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: KuCoin against gTrade (Gains Network)−0.066%7-day average −0.003% · 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−$319as in the Price arb table

costs, in and out, $10k−$3133.127% of the position

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.066%, 7d avg −0.003%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.063% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.003%). If the spread goes back, that is −$6 on $10k: about 2.2 days 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	12.962	L +0.0004% / S −0.0005%	pay 0.0001% / 1h	3m 33s	$157K	—	150x
Short	KuCoin LINKUSDTM	12.953	0.0100	get 0.0100% / 8h	2h 03m	$22.9M	$13.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.066%Rate

Funding earned: $20.09
Price spread: −0.066% → −0.003%: −$6.34
Slippage, 4 orders: −$290.74
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$298.99
Costs to cover: 3.127%
Break-even: 111.2 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 41 min ago; KuCoin: live order book, 5 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), 41 min ago	130.04 bp	141.1 bp −$141	963.5 bp −$9,635	10292.5 bp −$1.03M	doesn't fit
Sell KuCoin live order book, 5 min ago	1.93 bp	11.3 bp −$11	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 −0.0089% / S +0.0166%	1h	12.962	+0.001%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.968	+0.050%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0005%	1h	12.962	long leg	$157K	—	150x
Orderly PERP_LINK_USDC	+0.0024%	8h	12.957	−0.035%	$96K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.333%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.985	+0.177%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.953	−0.066%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.955	−0.048%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.956	−0.045%	$347K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.958	−0.024%	$1.2M	$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	12.956	−0.041%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.956	−0.041%	$119.5M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.949	−0.097%	$83.6M	$73.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.951	−0.082%	$27.0M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.974	+0.096%	$181K	$95K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.955	−0.051%	$124.7M	$15.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.958	−0.028%	$33.0M	$58.1M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.953	−0.066%	$22.9M	$13.0M	75x
Bitget LINKUSDT	+0.0100%	8h	12.952	−0.074%	$54.2M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.957	−0.035%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	+0.074%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.967	+0.045%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.972	+0.077%	$581K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.970	+0.065%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.958	−0.028%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.958	−0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.976	+0.110%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.957	−0.035%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.952	−0.076%	$635K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.952	−0.078%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.964	+0.022%	$544K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.983	+0.165%	$937K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0136%	1h	12.964	+0.019%	$338K	$390K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.963	+0.011%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0247%	1h	12.968	+0.049%	$80.8M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0276%	1h	12.961	−0.007%	$6.7M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0298%	1h	12.967	+0.042%	$808K	$252K	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.951	−0.084%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0570%	8h	12.974	+0.096%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0575%	1h	12.950	−0.088%	$345K	$33K	10x	as long as short