Spread before costs (cost unknown: a leg has no order-book sample)−0.022%
7d average—if it closes, per $10,000$2funding while held, a day+$0.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex LINK-USD-PERP | 12.898 | 0.0088 | pay 0.0088% / 8h | 5h 45m | $31K | $2K | 20x |
| Short | Pacifica LINK | 12.895 | 0.0100 | get 0.0013% / 1h | 45m 17s | $272K | $167K | 10x |
Paradex LINK-USD-PERP
Pacifica LINKPrice 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
- −$2.19
- Funding while held
- $0.37
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$13.82
- Spread needed to break even
- 0.120%
Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 54 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0012%
- Per $10,000 a day
- +$0.37
- 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 Pacifica live order book, 54 min ago | 5.83 bp | 13.1 bp −$13 | doesn't fit | 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.Injective12.400cheapestHTX12.878+3.852%Phoenix12.882+3.884%Variational Omni12.883+3.894%edgeX12.885+3.908%ApeX Omni12.887+3.927%OKX12.888+3.935%Bybit12.889+3.944%Bitget12.890+3.952%Derive12.891+3.959%Extended12.891+3.961%SoDEX12.893+3.976%Reya12.894+3.983%Gate12.894+3.984%Binance12.895+3.990%
Injective
HTX
Phoenix
Variational Omni
ApeX Omni
OKX
Bybit
Bitget
Derive
Extended
SoDEX
Reya
Gate
BinancePacifica12.895+3.992%
BingX12.895+3.992%BloFin12.895+3.992%MEXC12.896+4.000%Nado12.896+4.000%
BingX
BloFin
MEXC
NadoParadex12.898+4.015%
Lighter12.898+4.015%KuCoin12.898+4.016%Backpack12.898+4.016%Kraken Futures12.898+4.017%Deribit12.898+4.017%Aevo12.898+4.020%Orderly12.899+4.024%dYdX12.899+4.025%GMX12.900+4.031%Aster12.900+4.032%gTrade (Gains Network)12.900+4.032%Polymarket Perps12.902+4.048%Coinbase International12.902+4.048%Hyperliquid12.905+4.073%Kalshi12.907+4.086%Arcus12.907+4.089%Phemex12.907+4.089%SunX12.908+4.098%
Lighter
KuCoin
Backpack
Kraken Futures
Deribit
Aevo
Orderly
dYdX
GMX
Aster
gTrade (Gains Network)
Polymarket Perps
Coinbase International
Hyperliquid
Arcus
Phemex
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 | −3.860% | +0.0033% | 1h | $4K | $48K | 12x | as long as short |
| HTX LINK-USDT | −0.156% | +0.0100% | 8h | $624K | $928K | 75x | as long as short |
| Phoenix LINK | −0.126% | −0.0012% | 1h | $7K | $68K | 10x | as long as short |
| Variational Omni LINK | −0.116% | −0.0126% | 8h | $3.2M | $1.2M | — | as long as short |
| edgeX LINKUSDC | −0.103% | +0.0100% | 4h | $43K | $308K | 20x | as long as short |
| ApeX Omni LINKUSDT | −0.084% | +0.0100% | 1h | $130K | $651K | 50x | as long as short |
| OKX LINK-USDT-SWAP | −0.076% | −0.0028% | 8h | $26.7M | $84.8M | 50x | as long as short |
| Bybit LINKUSDT | −0.068% | −0.0190% | 8h | $82.3M | $64.1M | 75x | as long as short |
| Bitget LINKUSDT | −0.061% | +0.0086% | 8h | $53.7M | $29.3M | 75x | as long as short |
| Derive LINK-PERP | −0.053% | +0.0100% | 1h | $24K | $13K | 10x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended LINK-USD | −0.052% | +0.0104% | 1h | $651K | $1.8M | 25x | as long as short |
| SoDEX LINK-USD | −0.037% | +0.0100% | 1h | $4K | $39K | 10x | as long as short |
| Reya LINKRUSDPERP | −0.031% | +0.0364% | 1h | $4K | $400 | 20x | as long as short |
| Gate LINK_USDT | −0.030% | +0.0067% | 8h | $129.5M | $12.1M | 75x | as long as short |
| Binance LINKUSDT | −0.024% | +0.0045% | 8h | $116.8M | $288.9M | 75x | as long as short |
| Pacifica LINKshort | −0.022% | +0.0100% | 1h | $272K | $167K | 10x | |
| BingX LINK-USDT | −0.022% | +0.0086% | 8h | — | $24.7M | — | as long as short |
| BloFin LINK-USDT | −0.022% | +0.0165% | 8h | $5.2M | $13.9M | 75x | as long as short |
| MEXC LINK_USDT | −0.014% | +0.0044% | 8h | $33.1M | $55.6M | 300x | as long as short |
| Nado LINK-PERP | −0.014% | +0.0100% | 1h | $426K | $283K | 10x | as long as short |
| Paradex LINK-USD-PERPlong | 0.000% | +0.0088% | 8h | $31K | $2K | 20x | |
| Lighter LINK | 0.000% | +0.0096% | 1h | $2.0M | $2.3M | 10x | as long as short |
| KuCoin LINKUSDTM | +0.001% | +0.0100% | 8h | $21.3M | $16.6M | 75x | as long as short |
| Backpack LINK_USDC_PERP | +0.001% | +0.0100% | 1h | $350K | $373K | 15x | as long as short |
| Kraken Futures PF_LINKUSD | +0.002% | −0.0167% | 1h | $6.0M | $6.4M | 50x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.002% | 0.0000% | 1h | $685K | $106K | 50x | as long as short |
| Aevo LINK-PERP | +0.005% | +0.0088% | 1h | $543K | $340 | 3x | as long as short |
| Orderly PERP_LINK_USDC | +0.009% | +0.0070% | 8h | $142K | $1.7M | 20x | as long as short |
| dYdX LINK-USD | +0.010% | 0.0000% | 1h | $342K | $60K | 10x | as long as short |
| GMX LINK/USD [LINK-USDC] | +0.016% | L −0.0091% / S +0.0165% | 1h | $1.7M | — | 200x | as long as short |
| Aster LINKUSDT | +0.017% | +0.0100% | 8h | $1.4M | $2.4M | 50x | as long as short |
| gTrade (Gains Network) LINK/USD | +0.017% | L +0.0004% / S −0.0006% | 1h | $163K | — | 150x | as long as short |
| Polymarket Perps LINK-USD | +0.032% | +0.0100% | 1h | $77K | $56K | 10x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.032% | +0.0008% | 1h | $993K | $2.7M | 50x | as long as short |
| Hyperliquid LINK | +0.056% | +0.0100% | 1h | $75.3M | $22.2M | 10x | as long as short |
| Kalshi KXLINKPERP | +0.069% | 0.0000% | 8h | $467K | $2.3M | 3.7x | as long as short |
| Arcus LINK-USD | +0.071% | +0.0100% | 1h | $181K | $126K | 10x | as long as short |
| Phemex LINKUSDT | +0.071% | +0.0365% | 8h | $20.1M | $11.2M | 50x | as long as short |
| SunX LINK-USDT | +0.080% | +0.0100% | 8h | $33K | $1.5M | 30x | as long as short |