After costs, if the gap returns to its 7d average, $10k−$54
spread now−0.052%7d average−0.017%fees + slippage, in and out−$50spread needed0.504%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LINKUSD | 12.959 | −0.0174 | get 0.0022% / 1h | 34m 53s | $6.1M | $6.7M | 50x |
| Short | KuCoin LINKUSDTM | 12.952 | 0.0100 | get 0.0100% / 8h | 34m 53s | $21.1M | $17.6M | 75x |
Kraken Futures PF_LINKUSD
KuCoin LINKUSDTMPrice 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
- −$5.24
- Funding while held
- $8.22
- Slippage, 4 orders
- −$28.42
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$47.44
- Spread needed to break even
- 0.504%
Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0274%
- Per $10,000 a day
- +$8.22
- 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, 5 min ago | 2.31 bp | 13.2 bp −$13 | 19.9 bp −$199 | 54.4 bp −$5,438 | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 0.38 bp | 13.4 bp −$13 | 23.7 bp −$237 | doesn't fit | doesn't fit |
LINK price on every exchange
against the cheapest. Click to use as the short leg.Injective12.400cheapestHTX12.893+3.973%Variational Omni12.933+4.301%Polymarket Perps12.935+4.315%Paradex12.936+4.320%Reya12.936+4.322%Extended12.944+4.390%ApeX Omni12.946+4.403%Kalshi12.947+4.410%Nado12.947+4.411%Bybit12.947+4.411%Orderly12.948+4.419%Derive12.949+4.424%edgeX12.949+4.426%Arcus12.949+4.427%Pacifica12.950+4.434%OKX12.950+4.435%Bitget12.950+4.435%BingX12.950+4.435%Phoenix12.951+4.440%SoDEX12.951+4.444%Coinbase International12.951+4.444%Lighter12.951+4.446%Gate12.952+4.452%
Injective
HTX
Variational Omni
Polymarket Perps
Paradex
Reya
Extended
ApeX Omni
Nado
Bybit
Orderly
Derive
Arcus
Pacifica
OKX
Bitget
BingX
Phoenix
SoDEX
Coinbase International
Lighter
GateKuCoin12.952+4.452%
MEXC12.953+4.460%BloFin12.953+4.460%Binance12.953+4.464%Aster12.954+4.464%Aevo12.954+4.469%
MEXC
BloFin
Binance
Aster
AevoKraken Futures12.959+4.506%
Deribit12.959+4.509%GMX12.959+4.512%dYdX12.960+4.514%SunX12.961+4.522%Hyperliquid12.961+4.524%gTrade (Gains Network)12.961+4.527%Phemex12.963+4.540%Backpack12.965+4.556%
Deribit
GMX
dYdX
SunX
Hyperliquid
gTrade (Gains Network)
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 PERP | −4.312% | +0.0033% | 1h | $4K | $106K | 12x | as long as short |
| HTX LINK-USDT | −0.511% | +0.0100% | 8h | $640K | $1.1M | 75x | as long as short |
| Variational Omni LINK | −0.197% | −0.0024% | 8h | $3.2M | $1.2M | — | as long as short |
| Polymarket Perps LINK-USD | −0.184% | +0.0100% | 1h | $74K | $44K | 10x | as long as short |
| Paradex LINK-USD-PERP | −0.178% | +0.0022% | 8h | $31K | $2K | 20x | as long as short |
| Reya LINKRUSDPERP | −0.176% | +0.0356% | 1h | $4K | $400 | 20x | as long as short |
| Extended LINK-USD | −0.111% | +0.0104% | 1h | $676K | $1.8M | 25x | as long as short |
| ApeX Omni LINKUSDT | −0.099% | +0.0100% | 1h | $131K | $654K | 50x | as long as short |
| Kalshi KXLINKPERP | −0.092% | 0.0000% | 8h | $460K | $2.2M | 3.7x | as long as short |
| Nado LINK-PERP | −0.091% | +0.0100% | 1h | $431K | $361K | 10x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit LINKUSDT | −0.091% | −0.0003% | 8h | $80.2M | $60.8M | 75x | as long as short |
| Orderly PERP_LINK_USDC | −0.083% | +0.0098% | 8h | $186K | $1.6M | 20x | as long as short |
| Derive LINK-PERP | −0.079% | +0.0100% | 1h | $28K | $10K | 10x | as long as short |
| edgeX LINKUSDC | −0.077% | +0.0100% | 4h | $43K | $312K | 20x | as long as short |
| Arcus LINK-USD | −0.076% | +0.0100% | 1h | $182K | $197K | 10x | as long as short |
| Pacifica LINK | −0.069% | +0.0100% | 1h | $271K | $167K | 10x | as long as short |
| OKX LINK-USDT-SWAP | −0.068% | +0.0066% | 8h | $27.4M | $90.8M | 50x | as long as short |
| Bitget LINKUSDT | −0.068% | +0.0100% | 8h | $53.8M | $30.2M | 75x | as long as short |
| BingX LINK-USDC | −0.068% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Phoenix LINK | −0.063% | −0.0062% | 1h | $3K | $47K | 10x | as long as short |
| SoDEX LINK-USD | −0.060% | −0.0101% | 1h | $8K | $45K | 10x | as long as short |
| Coinbase International LINK-PERP-INTX | −0.060% | +0.0088% | 1h | $994K | $2.6M | 50x | as long as short |
| Lighter LINK | −0.058% | +0.0080% | 1h | $2.0M | $2.0M | 10x | as long as short |
| Gate LINK_USDT | −0.052% | −0.0004% | 8h | $131.6M | $12.4M | 75x | as long as short |
| KuCoin LINKUSDTMshort | −0.052% | +0.0100% | 8h | $21.1M | $17.6M | 75x | |
| MEXC LINK_USDT | −0.045% | +0.0047% | 8h | $33.5M | $57.1M | 300x | as long as short |
| BloFin LINK-USDT | −0.045% | +0.0167% | 8h | $5.2M | $11.3M | 75x | as long as short |
| Binance LINKUSDT | −0.041% | +0.0047% | 8h | $118.3M | $285.6M | 75x | as long as short |
| Aster LINKUSDT | −0.040% | +0.0100% | 8h | $1.5M | $2.2M | 50x | as long as short |
| Aevo LINK-PERP | −0.036% | +0.0096% | 1h | $545K | $340 | 3x | as long as short |
| Kraken Futures PF_LINKUSDlong | 0.000% | −0.0174% | 1h | $6.1M | $6.7M | 50x | |
| Deribit LINK_USDC-PERPETUAL | +0.002% | 0.0000% | 1h | $696K | $82K | 50x | as long as short |
| GMX LINK/USD [LINK-USDC] | +0.005% | L −0.0085% / S +0.0157% | 1h | $1.7M | — | 200x | as long as short |
| dYdX LINK-USD | +0.007% | 0.0000% | 1h | $343K | $60K | 10x | as long as short |
| SunX LINK-USDT | +0.015% | +0.0100% | 8h | $34K | $1.6M | 30x | as long as short |
| Hyperliquid LINK | +0.017% | +0.0100% | 1h | $78.6M | $20.5M | 10x | as long as short |
| gTrade (Gains Network) LINK/USD | +0.019% | L +0.0003% / S −0.0007% | 1h | $176K | — | 150x | as long as short |
| Phemex LINKUSDT | +0.033% | +0.0337% | 8h | $20.2M | $11.3M | 50x | as long as short |
| Backpack LINK_USDC_PERP | +0.048% | +0.0100% | 1h | $386K | $360K | 15x | as long as short |