LINK

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+4.992%

7d average−0.174%if it closes, per $10,000$499funding while held, a day+$2.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	14m 12s	$4K	$106K	12x
Short	BingX LINK-USDT	13.019	0.0100	get 0.0100% / 8h	14m 12s	—	$19.9M	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee InjectivebpFee BingXbpOrdersClose when spread is

Spread captured: $499.19
Funding while held: $2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $491.17
Spread needed to break even: 0.100%

Slippage unknown: Injective: no order-book sample; BingX: live order book, 16 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0067%
Per $10,000 a day: +$2.00
Average in range /8h: —

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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 16 min ago	1.16 bp	6.2 bp −$6	7.6 bp −$76	19.5 bp −$1,952	39.1 bp −$19.6K

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK price on every exchange

against the cheapest. Click to use as the short leg.

Injective12.400cheapest

HTX12.980+4.674%edgeX12.990+4.762%Variational Omni12.993+4.785%ApeX Omni13.000+4.839%BloFin13.000+4.839%Phoenix13.001+4.846%Coinbase International13.010+4.919%Nado13.011+4.931%Bybit13.014+4.952%OKX13.014+4.952%Extended13.014+4.954%Derive13.015+4.957%Binance13.016+4.966%SoDEX13.016+4.968%Paradex13.016+4.971%Lighter13.017+4.974%Reya13.017+4.976%Backpack13.017+4.976%Pacifica13.017+4.979%Gate13.018+4.984%Bitget13.018+4.984%dYdX13.018+4.986%

BingX13.019+4.992%

KuCoin13.020+5.000%

Aevo13.020+5.000%

Polymarket Perps13.021+5.008%

MEXC13.022+5.016%

Orderly13.022+5.016%

gTrade (Gains Network)13.024+5.028%

Kraken Futures13.024+5.029%

GMX13.024+5.032%

Aster13.024+5.032%

Deribit13.025+5.041%

Phemex13.029+5.073%

Arcus13.030+5.081%

Kalshi13.031+5.092%

Hyperliquid13.032+5.097%

SunX13.032+5.098%

LINK on 39 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective LINK/USDC PERPlong	0.000%	+0.0033%	1h	$4K	$106K	12x
HTX LINK-USDT	+4.674%	+0.0100%	8h	$644K	$1.1M	75x	as long as short
edgeX LINKUSDC	+4.762%	+0.0100%	4h	$43K	$313K	20x	as long as short
Variational Omni LINK	+4.785%	−0.0046%	8h	$3.2M	$1.2M	—	as long as short
ApeX Omni LINKUSDT	+4.839%	+0.0100%	1h	$132K	$653K	50x	as long as short
BloFin LINK-USDT	+4.839%	+0.0155%	8h	$5.2M	$12.6M	75x	as long as short
Phoenix LINK	+4.846%	−0.0062%	1h	$3K	$47K	10x	as long as short
Coinbase International LINK-PERP-INTX	+4.919%	+0.0088%	1h	$998K	$2.7M	50x	as long as short
Nado LINK-PERP	+4.931%	+0.0100%	1h	$430K	$365K	10x	as long as short
Bybit LINKUSDT	+4.952%	−0.0017%	8h	$80.7M	$60.9M	75x	as long as short

Show all 39 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
OKX LINK-USDT-SWAP	+4.952%	+0.0036%	8h	$27.6M	$91.8M	50x	as long as short
Extended LINK-USD	+4.954%	+0.0056%	1h	$677K	$1.8M	25x	as long as short
Derive LINK-PERP	+4.957%	+0.0100%	1h	$28K	$10K	10x	as long as short
Binance LINKUSDT	+4.966%	+0.0039%	8h	$118.9M	$286.7M	75x	as long as short
SoDEX LINK-USD	+4.968%	−0.0088%	1h	$8K	$42K	10x	as long as short
Paradex LINK-USD-PERP	+4.971%	+0.0012%	8h	$32K	$2K	20x	as long as short
Lighter LINK	+4.974%	+0.0040%	1h	$2.0M	$2.0M	10x	as long as short
Reya LINKRUSDPERP	+4.976%	+0.0357%	1h	$4K	$400	20x	as long as short
Backpack LINK_USDC_PERP	+4.976%	+0.0100%	1h	$387K	$369K	15x	as long as short
Pacifica LINK	+4.979%	+0.0100%	1h	$272K	$168K	10x	as long as short
Gate LINK_USDT	+4.984%	−0.0005%	8h	$132.6M	$12.6M	75x	as long as short
Bitget LINKUSDT	+4.984%	+0.0100%	8h	$54.3M	$30.3M	75x	as long as short
dYdX LINK-USD	+4.986%	0.0000%	1h	$345K	$60K	10x	as long as short
BingX LINK-USDTshort	+4.992%	+0.0100%	8h	—	$19.9M	—
KuCoin LINKUSDTM	+5.000%	+0.0100%	8h	$21.3M	$17.4M	75x	as long as short
Aevo LINK-PERP	+5.000%	+0.0088%	1h	$548K	$340	3x	as long as short
Polymarket Perps LINK-USD	+5.008%	+0.0100%	1h	$74K	$44K	10x	as long as short
MEXC LINK_USDT	+5.016%	+0.0038%	8h	$34.8M	$58.1M	300x	as long as short
Orderly PERP_LINK_USDC	+5.016%	+0.0098%	8h	$185K	$1.6M	20x	as long as short
gTrade (Gains Network) LINK/USD	+5.028%	L +0.0004% / S −0.0007%	1h	$177K	—	150x	as long as short
Kraken Futures PF_LINKUSD	+5.029%	−0.0173%	1h	$6.1M	$6.7M	50x	as long as short
GMX LINK/USD [LINK-USDC]	+5.032%	L −0.0087% / S +0.0158%	1h	$1.7M	—	200x	as long as short
Aster LINKUSDT	+5.032%	+0.0100%	8h	$1.5M	$2.2M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+5.041%	0.0000%	1h	$700K	$82K	50x	as long as short
Phemex LINKUSDT	+5.073%	+0.0335%	8h	$20.3M	$11.3M	50x	as long as short
Arcus LINK-USD	+5.081%	+0.0100%	1h	$183K	$193K	10x	as long as short
Kalshi KXLINKPERP	+5.092%	0.0000%	8h	$460K	$2.2M	3.7x	as long as short
Hyperliquid LINK	+5.097%	+0.0100%	1h	$79.0M	$20.5M	10x	as long as short
SunX LINK-USDT	+5.098%	+0.0100%	8h	$33K	$1.6M	30x	as long as short