LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.045%

Price spread now: Kraken Futures against Injective+3.505%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.928%−$93 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Kraken Futures is 3.505% dearer against Injective than usual: you sell high and buy low: +$350 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.928%, so the current rate has only just turned in your favour.

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	31m 20s	$4K	$48K	12x
Short	Kraken Futures PF_LINKUSD	12.835	0.0049	get 0.0006% / 1h	31m 20s	$6.4M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +3.505%Rate

Funding earned: $3.37
Price spread: +3.505% → 0.000%: $350.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $343.8
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.

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 Kraken Futures live order book, 3 min ago	3.11 bp	11.9 bp −$12	18.0 bp −$180	42.0 bp −$4,204	doesn't fit

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 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	−0.0116%	8h	12.828	+3.452%	$90K	$974K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.837	+3.523%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.851	+3.636%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.833	+3.490%	$105K	—	150x	as long as short
Bybit LINKUSDT	+0.0023%	8h	12.828	+3.452%	$83.0M	$72.9M	75x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Kraken Futures PF_LINKUSDshort	+0.0049%	1h	12.835	+3.505%	$6.4M	$8.4M	50x
Phoenix LINK	+0.0087%	1h	12.863	+3.734%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.838	+3.532%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.835	+3.508%	$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	12.834	+3.504%	$348K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.842	+3.565%	$80.2M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.840	+3.546%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.837	+3.527%	$273K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.833	+3.493%	$118.5M	$296.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.829	+3.460%	$26.9M	$79.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.855	+3.669%	$180K	$100K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.836	+3.516%	$133.1M	$17.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.836	+3.516%	$35.6M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.843	+3.573%	$22.8M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.826	+3.435%	$53.5M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.833	+3.492%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.841	+3.556%	$334K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.870	+3.793%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.848	+3.610%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.871	+3.798%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.851	+3.637%	$131K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.839	+3.540%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.874	+3.827%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.853	+3.651%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.830	+3.468%	$10K	$59K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.836	+3.513%	$627K	$714K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.824	+3.420%	$614K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.833	+3.488%	$538K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.873	+3.815%	$926K	$3.2M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0210%	1h	12.838	+3.535%	$803K	$268K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.851	+3.637%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.829	+3.456%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0618%	8h	12.851	+3.637%	$19.8M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.1462%	1h	12.836	+3.519%	$345K	$49K	10x	as long as short