LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0271%/8h= −29.7% APRnext payment −$0.34 per $10,000 · paid last 24h −0.054%

Price spread now: gTrade (Gains Network) against Kraken Futures−0.070%7-day average −0.013% · 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−$313as in the Price arb table

costs, in and out, $10k−$3073.069% of the position

Long on Kraken Futures Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.070%, 7d avg −0.013%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.057% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	12.977	0.0276	pay 0.0034% / 1h	7m 03s	$6.7M	$8.3M	50x
Short	gTrade (Gains Network) LINK/USD	12.968	L +0.0004% / S −0.0005%	get 0.0001% / 1h	7m 03s	$157K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Kraken Futures. 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 Kraken FuturesbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.070%Rate

Funding earned: −$56.96
Price spread: −0.070% → −0.013%: −$5.71
Slippage, 4 orders: −$286.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$369.55
Costs to cover: 3.069%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 37 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 Kraken Futures live order book, 2 min ago	4.24 bp	12.4 bp −$12	19.1 bp −$191	50.1 bp −$5,007	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 37 min ago	130.04 bp	142.5 bp −$143	1049.2 bp −$10.5K	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	12.967	−0.074%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.971	−0.047%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0005%	1h	12.968	−0.070%	$157K	—	150x
Orderly PERP_LINK_USDC	+0.0028%	8h	12.968	−0.069%	$96K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.446%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.980	+0.024%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.972	−0.037%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.958	−0.149%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.959	−0.142%	$347K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.970	−0.052%	$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	12.961	−0.126%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.970	−0.057%	$119.6M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.963	−0.108%	$83.7M	$73.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.966	−0.084%	$27.0M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.980	+0.023%	$181K	$95K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.966	−0.084%	$124.8M	$15.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.971	−0.046%	$33.0M	$58.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.971	−0.046%	$22.9M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.971	−0.046%	$54.3M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.969	−0.061%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.963	−0.106%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.964	−0.101%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.969	−0.061%	$590K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.968	−0.069%	$133K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.970	−0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.971	−0.042%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.983	+0.046%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.974	−0.023%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.958	−0.148%	$635K	$785K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.969	−0.059%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.975	−0.015%	$544K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.983	+0.047%	$937K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0131%	1h	12.978	+0.008%	$338K	$390K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.978	+0.008%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0245%	1h	12.984	+0.054%	$81.0M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0276%	1h	12.977	long leg	$6.7M	$8.3M	50x
Deribit LINK_USDC-PERPETUAL	+0.0328%	1h	12.980	+0.023%	$806K	$249K	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.964	−0.096%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0566%	8h	12.985	+0.062%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0598%	1h	12.960	−0.133%	$345K	$33K	10x	as long as short