Spread before costs (cost unknown: a leg has no order-book sample)−3.614%
7d average—if it closes, per $10,000$361funding while held, a day+$10.87
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LINKUSD | 12.865 | −0.0329 | get 0.0041% / 1h | 19m 10s | $6.0M | $6.4M | 50x |
| Short | Injective LINK/USDC PERP | 12.400 | 0.0033 | get 0.0004% / 1h | 19m 10s | $4K | $48K | 12x |
Kraken Futures PF_LINKUSD
Injective LINK/USDC PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$361.36
- Funding while held
- $10.87
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$360.51
- Spread needed to break even
- 0.100%
Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0362%
- Per $10,000 a day
- +$10.87
- 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 Kraken Futures live order book, 1 min ago | 2.72 bp | 10.0 bp −$10 | 15.3 bp −$153 | 40.9 bp −$4,094 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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
Bybit12.851+3.637%OKX12.853+3.653%Variational Omni12.854+3.658%Extended12.854+3.661%Nado12.856+3.677%Bitget12.858+3.694%HTX12.858+3.698%Derive12.859+3.702%SoDEX12.859+3.702%Pacifica12.860+3.706%Binance12.861+3.714%KuCoin12.861+3.718%Lighter12.863+3.734%Reya12.864+3.739%BingX12.864+3.742%
Bybit
OKX
Variational Omni
Extended
Nado
Bitget
HTX
Derive
SoDEX
Pacifica
Binance
KuCoin
Lighter
Reya
BingXKraken Futures12.865+3.749%
Gate12.865+3.750%Phoenix12.866+3.755%Aevo12.866+3.757%Coinbase International12.866+3.758%Paradex12.866+3.759%Deribit12.867+3.765%edgeX12.868+3.770%Orderly12.868+3.774%GMX12.869+3.780%MEXC12.869+3.782%Polymarket Perps12.869+3.782%gTrade (Gains Network)12.870+3.786%dYdX12.870+3.787%ApeX Omni12.871+3.798%BloFin12.871+3.798%Aster12.873+3.816%SunX12.873+3.818%Hyperliquid12.874+3.823%Kalshi12.875+3.831%Arcus12.878+3.855%Phemex12.879+3.863%Backpack12.888+3.935%
Gate
Phoenix
Aevo
Coinbase International
Paradex
Deribit
Orderly
GMX
MEXC
Polymarket Perps
gTrade (Gains Network)
dYdX
ApeX Omni
BloFin
Aster
SunX
Hyperliquid
Arcus
Phemex
BackpackLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERPshort | −3.614% | +0.0033% | 1h | $4K | $48K | 12x | |
| Bybit LINKUSDT | −0.108% | −0.0177% | 8h | $82.3M | $62.4M | 75x | as long as short |
| OKX LINK-USDT-SWAP | −0.092% | −0.0035% | 8h | $26.8M | $84.7M | 50x | as long as short |
| Variational Omni LINK | −0.088% | −0.0099% | 8h | $3.2M | $1.2M | — | as long as short |
| Extended LINK-USD | −0.085% | +0.0096% | 1h | $667K | $1.8M | 25x | as long as short |
| Nado LINK-PERP | −0.069% | +0.0100% | 1h | $423K | $298K | 10x | as long as short |
| Bitget LINKUSDT | −0.054% | +0.0086% | 8h | $53.5M | $29.2M | 75x | as long as short |
| HTX LINK-USDT | −0.050% | +0.0100% | 8h | $622K | $938K | 75x | as long as short |
| Derive LINK-PERP | −0.046% | +0.0100% | 1h | $27K | $10K | 10x | as long as short |
| SoDEX LINK-USD | −0.046% | +0.0073% | 1h | $8K | $36K | 10x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica LINK | −0.041% | +0.0100% | 1h | $272K | $165K | 10x | as long as short |
| Binance LINKUSDT | −0.033% | +0.0029% | 8h | $117.3M | $285.6M | 75x | as long as short |
| KuCoin LINKUSDTM | −0.030% | +0.0100% | 8h | $21.1M | $16.6M | 75x | as long as short |
| Lighter LINK | −0.015% | +0.0096% | 1h | $2.0M | $2.4M | 10x | as long as short |
| Reya LINKRUSDPERP | −0.010% | +0.0363% | 1h | $4K | $400 | 20x | as long as short |
| BingX LINK-USDC | −0.007% | +0.0087% | 8h | — | $6.6M | — | as long as short |
| Kraken Futures PF_LINKUSDlong | 0.000% | −0.0329% | 1h | $6.0M | $6.4M | 50x | |
| Gate LINK_USDT | +0.001% | +0.0029% | 8h | $129.5M | $12.0M | 75x | as long as short |
| Phoenix LINK | +0.006% | −0.0080% | 1h | $3K | $46K | 10x | as long as short |
| Aevo LINK-PERP | +0.008% | +0.0088% | 1h | $541K | $340 | 3x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.009% | +0.0072% | 1h | $987K | $2.6M | 50x | as long as short |
| Paradex LINK-USD-PERP | +0.010% | +0.0073% | 8h | $31K | $2K | 20x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.015% | 0.0000% | 1h | $683K | $104K | 50x | as long as short |
| edgeX LINKUSDC | +0.020% | +0.0100% | 4h | $43K | $307K | 20x | as long as short |
| Orderly PERP_LINK_USDC | +0.024% | +0.0070% | 8h | $141K | $1.7M | 20x | as long as short |
| GMX LINK/USD [LINK-USDC] | +0.030% | L −0.0094% / S +0.0165% | 1h | $1.7M | — | 200x | as long as short |
| MEXC LINK_USDT | +0.032% | +0.0027% | 8h | $32.4M | $57.2M | 300x | as long as short |
| Polymarket Perps LINK-USD | +0.032% | +0.0100% | 1h | $77K | $56K | 10x | as long as short |
| gTrade (Gains Network) LINK/USD | +0.036% | L +0.0004% / S −0.0008% | 1h | $184K | — | 150x | as long as short |
| dYdX LINK-USD | +0.036% | 0.0000% | 1h | $341K | $60K | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.048% | +0.0100% | 1h | $130K | $648K | 50x | as long as short |
| BloFin LINK-USDT | +0.048% | +0.0116% | 8h | $5.1M | $13.3M | 75x | as long as short |
| Aster LINKUSDT | +0.064% | +0.0100% | 8h | $1.3M | $2.4M | 50x | as long as short |
| SunX LINK-USDT | +0.066% | +0.0100% | 8h | $33K | $1.5M | 30x | as long as short |
| Hyperliquid LINK | +0.071% | +0.0100% | 1h | $75.5M | $21.8M | 10x | as long as short |
| Kalshi KXLINKPERP | +0.079% | 0.0000% | 8h | $454K | $2.2M | 3.7x | as long as short |
| Arcus LINK-USD | +0.102% | +0.0100% | 1h | $181K | $182K | 10x | as long as short |
| Phemex LINKUSDT | +0.110% | +0.0441% | 8h | $20.1M | $11.1M | 50x | as long as short |
| Backpack LINK_USDC_PERP | +0.180% | +0.0100% | 1h | $350K | $377K | 15x | as long as short |