LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.019%

Price spread now: Injective against Polymarket Perps−5.596%51s7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+1.320%+$132 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.596% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$560 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.320%, so the current rate has only just turned against you. The two prices were read 51 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	Polymarket Perps LINK-USD	13.135	0.0100	pay 0.0013% / 1h	28m 29s	$80K	$68K	10x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	28m 29s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Polymarket Perps. 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 Polymarket PerpsbpFee InjectivebpOrdersPrice spread, now −5.596%Rate

Funding earned: −$14
Price spread: −5.596% → 0.000%: −$559.57
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$581.59
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Injective: no order-book sample. 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Polymarket Perps and Injective: 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 −0.0090% / S +0.0167%	1h	13.121	−0.109%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.143	+0.062%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.143	+0.065%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.135	−0.002%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.123	−0.094%	$133K	—	150x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−5.596%	$4K	$48K	12x
Phoenix LINK	+0.0037%	1h	13.111	−0.183%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.117	−0.137%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.148	+0.097%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.141	+0.044%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.128	−0.049%	$401K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.139	+0.030%	$77.4M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.138	+0.024%	$1.5M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.144	+0.070%	$275K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.123	−0.091%	$121.7M	$302.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.122	−0.099%	$84.6M	$70.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.119	−0.122%	$27.6M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.150	+0.114%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.136	+0.008%	$130.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.124	−0.084%	$36.4M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.140	+0.038%	$22.5M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.127	−0.061%	$54.8M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.125	−0.076%	—	$21.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.116	−0.146%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.147	+0.091%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.102	−0.251%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.154	+0.145%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.135	long leg	$80K	$68K	10x
Derive LINK-PERP	+0.0100%	1h	13.128	−0.054%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.145	+0.075%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.132	−0.023%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.094	−0.311%	$644K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.116	−0.148%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.119	−0.123%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.135	0.000%	$989K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0176%	1h	13.144	+0.069%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.131	−0.030%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.123	−0.088%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0473%	8h	13.145	+0.076%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.142	+0.057%	$6.9M	$8.1M	50x	as long as short