LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0165%/8h= +18.1% APRnext payment +$0.21 per $10,000 · paid last 24h +0.062%

Price spread now: dYdX against Phoenix+0.232%46s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.478%+$48 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and dYdX is 0.232% dearer against Phoenix than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LINK	13.204	0.0036	pay 0.0005% / 1h	36m 28s	$4K	$89K	10x
Short	dYdX LINK-USD	13.235	0.0202	get 0.0025% / 1h	36m 28s	$351K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee dYdXbpOrdersPrice spread, now +0.232%Rate

Funding earned: $34.73
Price spread: +0.232% → 0.000%: $23.16
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: $40.89
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; dYdX: live order book, 38 min ago. Net counts fees only.

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 Phoenix no order-book sample	—	—	—	—	—
Sell dYdX live order book, 38 min ago	44.42 bp	224.7 bp −$225	228.2 bp −$2,282	228.6 bp −$22.9K	238.7 bp −$119.4K

Phoenix: 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 on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	13.219	+0.114%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.221	+0.124%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.220	+0.116%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.091%	$4K	$48K	12x	as long as short
Phoenix LINKlong	+0.0036%	1h	13.204	long leg	$4K	$89K	10x
Orderly PERP_LINK_USDC	+0.0047%	8h	13.218	+0.104%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.230	+0.196%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.222	+0.133%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.229	+0.191%	$405K	$308K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.229	+0.187%	$1.4M	$3.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.233	+0.219%	$277K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.219	+0.111%	$122.7M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.217	+0.096%	$85.2M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.218	+0.104%	$28.0M	$84.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.239	+0.263%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.220	+0.119%	$130.9M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.219	+0.111%	$36.6M	$58.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.224	+0.149%	$22.9M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.223	+0.142%	$55.0M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.218	+0.104%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.197	−0.052%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	−0.002%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.182	−0.169%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.210	+0.043%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.226	+0.164%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.227	+0.175%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.235	+0.230%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.229	+0.187%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.191	−0.101%	$649K	$858K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.219	+0.113%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.229	+0.187%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.223	+0.142%	$1.0M	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0173%	1h	13.235	+0.231%	$784K	$204K	50x	as long as short
dYdX LINK-USDshort	+0.0202%	1h	13.235	+0.232%	$351K	$48K	10x
Backpack LINK_USDC_PERP	+0.0211%	1h	13.243	+0.293%	$370K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.217	+0.096%	$5.3M	$16.5M	75x	as long as short
Phemex LINKUSDT	+0.0329%	8h	13.243	+0.293%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.236	+0.242%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.216	+0.087%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0578%	1h	13.239	+0.263%	$81.6M	$24.7M	10x	as long as short