Spread before costs (cost unknown: a leg has no order-book sample)−0.066%
7d average+0.015%if it closes, per $10,000$7funding while held, a day+$11.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LINKUSD | 12.859 | −0.0329 | get 0.0041% / 1h | 16m 28s | $6.0M | $6.4M | 50x |
| Short | Orderly PERP_LINK_USDC | 12.851 | 0.0070 | get 0.0070% / 8h | 6h 16m | $141K | $1.7M | 20x |
Kraken Futures PF_LINKUSD
Orderly PERP_LINK_USDCPrice 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
- −$6.57
- Funding while held
- $11.97
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$10.61
- Spread needed to break even
- 0.160%
Slippage unknown: Kraken Futures: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0399%
- Per $10,000 a day
- +$11.97
- 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, 4 min ago | 2.72 bp | 10.0 bp −$10 | 15.3 bp −$153 | 40.9 bp −$4,094 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective12.400cheapestBybit12.841+3.556%OKX12.842+3.565%Extended12.843+3.576%Paradex12.844+3.583%BingX12.845+3.589%Reya12.845+3.590%Binance12.847+3.605%Gate12.848+3.613%MEXC12.848+3.613%KuCoin12.848+3.613%Bitget12.848+3.613%Pacifica12.849+3.618%HTX12.849+3.623%Polymarket Perps12.850+3.629%Derive12.850+3.629%
Injective
Bybit
OKX
Extended
Paradex
BingX
Reya
Binance
Gate
MEXC
KuCoin
Bitget
Pacifica
HTX
Polymarket Perps
DeriveOrderly12.851+3.637%
Lighter12.851+3.640%GMX12.852+3.644%gTrade (Gains Network)12.853+3.653%SoDEX12.853+3.653%Variational Omni12.854+3.658%Hyperliquid12.856+3.674%BloFin12.856+3.677%Aevo12.857+3.685%Nado12.857+3.690%Aster12.858+3.695%dYdX12.859+3.698%Deribit12.859+3.700%Coinbase International12.859+3.702%
Lighter
GMX
gTrade (Gains Network)
SoDEX
Variational Omni
Hyperliquid
BloFin
Aevo
Nado
Aster
dYdX
Deribit
Coinbase InternationalKraken Futures12.859+3.705%
Arcus12.863+3.734%edgeX12.868+3.770%Phoenix12.869+3.785%Kalshi12.870+3.787%Backpack12.870+3.790%ApeX Omni12.870+3.790%SunX12.870+3.793%Phemex12.871+3.798%
Arcus
Phoenix
Backpack
ApeX Omni
SunX
PhemexLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −3.573% | +0.0033% | 1h | $4K | $48K | 12x | as long as short |
| Bybit LINKUSDT | −0.143% | −0.0195% | 8h | $82.2M | $62.4M | 75x | as long as short |
| OKX LINK-USDT-SWAP | −0.136% | −0.0033% | 8h | $26.8M | $84.5M | 50x | as long as short |
| Extended LINK-USD | −0.125% | +0.0104% | 1h | $667K | $1.8M | 25x | as long as short |
| Paradex LINK-USD-PERP | −0.118% | +0.0075% | 8h | $31K | $2K | 20x | as long as short |
| BingX LINK-USDT | −0.112% | +0.0086% | 8h | — | $20.1M | — | as long as short |
| Reya LINKRUSDPERP | −0.111% | +0.0363% | 1h | $4K | $400 | 20x | as long as short |
| Binance LINKUSDT | −0.097% | +0.0031% | 8h | $117.7M | $285.4M | 75x | as long as short |
| Gate LINK_USDT | −0.089% | +0.0023% | 8h | $129.3M | $12.1M | 75x | as long as short |
| MEXC LINK_USDT | −0.089% | +0.0030% | 8h | $32.3M | $57.3M | 300x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin LINKUSDTM | −0.089% | +0.0100% | 8h | $21.1M | $16.5M | 75x | as long as short |
| Bitget LINKUSDT | −0.089% | +0.0085% | 8h | $53.4M | $28.9M | 75x | as long as short |
| Pacifica LINK | −0.084% | +0.0100% | 1h | $272K | $165K | 10x | as long as short |
| HTX LINK-USDT | −0.079% | +0.0100% | 8h | $622K | $938K | 75x | as long as short |
| Polymarket Perps LINK-USD | −0.074% | +0.0100% | 1h | $76K | $56K | 10x | as long as short |
| Derive LINK-PERP | −0.073% | +0.0100% | 1h | $27K | $10K | 10x | as long as short |
| Orderly PERP_LINK_USDCshort | −0.066% | +0.0070% | 8h | $141K | $1.7M | 20x | |
| Lighter LINK | −0.063% | +0.0096% | 1h | $2.0M | $2.4M | 10x | as long as short |
| GMX LINK/USD [LINK-USDC] | −0.059% | L −0.0094% / S +0.0165% | 1h | $1.7M | — | 200x | as long as short |
| gTrade (Gains Network) LINK/USD | −0.050% | L +0.0004% / S −0.0008% | 1h | $184K | — | 150x | as long as short |
| SoDEX LINK-USD | −0.050% | +0.0083% | 1h | $8K | $36K | 10x | as long as short |
| Variational Omni LINK | −0.046% | −0.0099% | 8h | $3.2M | $1.2M | — | as long as short |
| Hyperliquid LINK | −0.031% | +0.0100% | 1h | $75.4M | $21.8M | 10x | as long as short |
| BloFin LINK-USDT | −0.027% | +0.0121% | 8h | $5.1M | $13.5M | 75x | as long as short |
| Aevo LINK-PERP | −0.019% | +0.0088% | 1h | $541K | $340 | 3x | as long as short |
| Nado LINK-PERP | −0.015% | +0.0100% | 1h | $423K | $298K | 10x | as long as short |
| Aster LINKUSDT | −0.010% | +0.0100% | 8h | $1.3M | $2.4M | 50x | as long as short |
| dYdX LINK-USD | −0.007% | 0.0000% | 1h | $341K | $60K | 10x | as long as short |
| Deribit LINK_USDC-PERPETUAL | −0.005% | 0.0000% | 1h | $683K | $104K | 50x | as long as short |
| Coinbase International LINK-PERP-INTX | −0.004% | +0.0072% | 1h | $987K | $2.6M | 50x | as long as short |
| Kraken Futures PF_LINKUSDlong | 0.000% | −0.0329% | 1h | $6.0M | $6.4M | 50x | |
| Arcus LINK-USD | +0.028% | +0.0100% | 1h | $181K | $182K | 10x | as long as short |
| edgeX LINKUSDC | +0.063% | +0.0100% | 4h | $43K | $307K | 20x | as long as short |
| Phoenix LINK | +0.077% | −0.0080% | 1h | $3K | $46K | 10x | as long as short |
| Kalshi KXLINKPERP | +0.079% | 0.0000% | 8h | $455K | $2.2M | 3.7x | as long as short |
| Backpack LINK_USDC_PERP | +0.082% | +0.0100% | 1h | $349K | $377K | 15x | as long as short |
| ApeX Omni LINKUSDT | +0.082% | +0.0100% | 1h | $130K | $648K | 50x | as long as short |
| SunX LINK-USDT | +0.084% | +0.0100% | 8h | $33K | $1.5M | 30x | as long as short |
| Phemex LINKUSDT | +0.090% | +0.0452% | 8h | $20.0M | $11.1M | 50x | as long as short |