Spread before costs (cost unknown: a leg has no order-book sample)+0.193%
7d average—if it closes, per $10,000$19funding while held, a day+$1.93
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex LINK-USD-PERP | 13.040 | 0.0024 | pay 0.0024% / 8h | 4m 08s | $32K | $2K | 20x |
| Short | Coinbase International LINK-PERP-INTX | 13.065 | 0.0088 | get 0.0011% / 1h | 4m 08s | $1.0M | $2.7M | 50x |
Paradex LINK-USD-PERP
Coinbase International LINK-PERP-INTXPrice 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
- $19.26
- Funding while held
- $1.93
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $7.19
- Spread needed to break even
- 0.140%
Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0064%
- Per $10,000 a day
- +$1.93
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 1 min ago | 3.44 bp | 12.2 bp −$12 | 15.2 bp −$152 | doesn't fit | doesn't fit |
Paradex: 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.Injective12.400cheapestDerive13.027+5.058%HTX13.028+5.069%Reya13.038+5.141%
Injective
Derive
HTX
ReyaParadex13.040+5.160%
Polymarket Perps13.043+5.185%Pacifica13.047+5.219%Bitget13.049+5.234%Binance13.049+5.234%OKX13.050+5.242%Extended13.050+5.246%Bybit13.051+5.250%KuCoin13.052+5.258%Lighter13.053+5.270%BingX13.054+5.274%Kalshi13.055+5.279%SoDEX13.055+5.282%Gate13.056+5.290%dYdX13.056+5.292%Aevo13.057+5.296%GMX13.057+5.298%Orderly13.057+5.298%gTrade (Gains Network)13.058+5.303%MEXC13.058+5.306%Arcus13.060+5.323%edgeX13.060+5.324%Deribit13.060+5.327%BloFin13.061+5.331%Nado13.062+5.339%Hyperliquid13.063+5.347%Aster13.063+5.350%Kraken Futures13.064+5.358%Variational Omni13.065+5.362%
Polymarket Perps
Pacifica
Bitget
Binance
OKX
Extended
Bybit
KuCoin
Lighter
BingX
SoDEX
Gate
dYdX
Aevo
GMX
Orderly
gTrade (Gains Network)
MEXC
Arcus
Deribit
BloFin
Nado
Hyperliquid
Aster
Kraken Futures
Variational OmniCoinbase International13.065+5.363%
Phoenix13.066+5.367%Backpack13.067+5.379%Phemex13.067+5.379%ApeX Omni13.068+5.387%SunX13.071+5.411%
Phoenix
Backpack
Phemex
ApeX Omni
SunXLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −4.907% | +0.0033% | 1h | $4K | $106K | 12x | as long as short |
| Derive LINK-PERP | −0.097% | +0.0100% | 1h | $28K | $10K | 10x | as long as short |
| HTX LINK-USDT | −0.087% | +0.0100% | 8h | $647K | $1.0M | 75x | as long as short |
| Reya LINKRUSDPERP | −0.018% | +0.0358% | 1h | $4K | $400 | 20x | as long as short |
| Paradex LINK-USD-PERPlong | 0.000% | +0.0024% | 8h | $32K | $2K | 20x | |
| Polymarket Perps LINK-USD | +0.024% | +0.0100% | 1h | $74K | $44K | 10x | as long as short |
| Pacifica LINK | +0.056% | +0.0100% | 1h | $273K | $167K | 10x | as long as short |
| Bitget LINKUSDT | +0.070% | +0.0100% | 8h | $54.4M | $30.2M | 75x | as long as short |
| Binance LINKUSDT | +0.070% | +0.0045% | 8h | $119.3M | $286.9M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.078% | +0.0030% | 8h | $27.5M | $91.7M | 50x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended LINK-USD | +0.081% | +0.0080% | 1h | $680K | $1.8M | 25x | as long as short |
| Bybit LINKUSDT | +0.085% | −0.0022% | 8h | $80.9M | $60.7M | 75x | as long as short |
| KuCoin LINKUSDTM | +0.093% | +0.0100% | 8h | $21.2M | $17.4M | 75x | as long as short |
| Lighter LINK | +0.104% | +0.0056% | 1h | $2.0M | $2.0M | 10x | as long as short |
| BingX LINK-USDC | +0.108% | +0.0100% | 8h | — | $6.7M | — | as long as short |
| Kalshi KXLINKPERP | +0.113% | 0.0000% | 8h | $461K | $2.2M | 3.7x | as long as short |
| SoDEX LINK-USD | +0.116% | −0.0020% | 1h | $8K | $42K | 10x | as long as short |
| Gate LINK_USDT | +0.124% | 0.0000% | 8h | $133.0M | $12.7M | 75x | as long as short |
| dYdX LINK-USD | +0.125% | 0.0000% | 1h | $346K | $60K | 10x | as long as short |
| Aevo LINK-PERP | +0.129% | +0.0096% | 1h | $549K | $340 | 3x | as long as short |
| GMX LINK/USD [LINK-USDC] | +0.131% | L −0.0088% / S +0.0159% | 1h | $1.7M | — | 200x | as long as short |
| Orderly PERP_LINK_USDC | +0.131% | +0.0098% | 8h | $186K | $1.6M | 20x | as long as short |
| gTrade (Gains Network) LINK/USD | +0.136% | L +0.0004% / S −0.0007% | 1h | $178K | — | 150x | as long as short |
| MEXC LINK_USDT | +0.139% | +0.0044% | 8h | $35.0M | $58.3M | 300x | as long as short |
| Arcus LINK-USD | +0.154% | +0.0100% | 1h | $184K | $193K | 10x | as long as short |
| edgeX LINKUSDC | +0.156% | +0.0100% | 4h | $43K | $313K | 20x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.158% | 0.0000% | 1h | $699K | $84K | 50x | as long as short |
| BloFin LINK-USDT | +0.162% | +0.0165% | 8h | $5.2M | $13.2M | 75x | as long as short |
| Nado LINK-PERP | +0.170% | +0.0100% | 1h | $432K | $363K | 10x | as long as short |
| Hyperliquid LINK | +0.177% | +0.0100% | 1h | $79.2M | $20.5M | 10x | as long as short |
| Aster LINKUSDT | +0.180% | +0.0100% | 8h | $1.5M | $2.2M | 50x | as long as short |
| Kraken Futures PF_LINKUSD | +0.188% | −0.0172% | 1h | $6.1M | $6.8M | 50x | as long as short |
| Variational Omni LINK | +0.192% | −0.0052% | 8h | $3.2M | $1.2M | — | as long as short |
| Coinbase International LINK-PERP-INTXshort | +0.193% | +0.0088% | 1h | $1.0M | $2.7M | 50x | |
| Phoenix LINK | +0.196% | −0.0062% | 1h | $3K | $47K | 10x | as long as short |
| Backpack LINK_USDC_PERP | +0.208% | +0.0100% | 1h | $388K | $366K | 15x | as long as short |
| Phemex LINKUSDT | +0.208% | +0.0326% | 8h | $20.4M | $11.3M | 50x | as long as short |
| ApeX Omni LINKUSDT | +0.216% | +0.0100% | 1h | $132K | $652K | 50x | as long as short |
| SunX LINK-USDT | +0.239% | +0.0100% | 8h | $33K | $1.6M | 30x | as long as short |