LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.016%

Price spread now: Deribit against SoDEX+0.022%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.022% dearer against SoDEX than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LINK-USD	12.938	0.0100	pay 0.0013% / 1h	42m 12s	$15K	$42K	10x
Short	Deribit LINK_USDC-PERPETUAL	12.941	0.0075	get 0.0009% / 1h	42m 12s	$768K	$212K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$5.25
Price spread: +0.022% → 0.000%: $2.16
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$18.09
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Deribit: live order book, 27 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 SoDEX no order-book sample	—	—	—	—	—
Sell Deribit live order book, 27 min ago	3.04 bp	10.2 bp −$10	16.3 bp −$163	doesn't fit	doesn't fit

SoDEX: 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	12.933	−0.038%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.944	+0.046%	$466K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.932	−0.046%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.158%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.976	+0.291%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.930	−0.062%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.935	−0.023%	$956K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUALshort	+0.0075%	1h	12.941	+0.022%	$768K	$212K	50x
dYdX LINK-USD	+0.0095%	1h	12.945	+0.054%	$343K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.940	+0.019%	$1.9M	$2.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0099%	8h	13.005	+0.521%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.931	−0.050%	$390K	$316K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.938	−0.002%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.945	+0.056%	$274K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.943	+0.039%	$119.6M	$304.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.937	−0.008%	$83.4M	$72.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.944	+0.046%	$27.2M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.958	+0.155%	$181K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.935	−0.023%	$127.8M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.944	+0.046%	$33.8M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.941	+0.023%	$22.5M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.945	+0.054%	$53.7M	$30.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.949	+0.085%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.952	+0.108%	$337K	$395K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	+0.390%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.009	+0.551%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.962	+0.183%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.015	+0.595%	$134K	$683K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.941	+0.023%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.935	−0.020%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.951	+0.104%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	12.938	long leg	$15K	$42K	10x
HTX LINK-USDT	+0.0100%	8h	12.932	−0.049%	$638K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.931	−0.052%	$657K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.938	0.000%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	+0.510%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.936	−0.018%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0426%	1h	12.951	+0.100%	$79.5M	$29.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	12.941	+0.021%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0648%	8h	12.957	+0.147%	$20.0M	$11.5M	50x	as long as short