Spread before costs (cost unknown: a leg has no order-book sample)−0.008%
7d average—if it closes, per $10,000$1funding while held, a day+$6.49
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX LINK-USD | 12.963 | −0.0116 | get 0.0015% / 1h | 16m 46s | $8K | $38K | 10x |
| Short | Derive LINK-PERP | 12.962 | 0.0100 | get 0.0013% / 1h | 16m 46s | $28K | $10K | 10x |
SoDEX LINK-USD
Derive LINK-PERPPrice 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
- −$0.75
- Funding while held
- $6.49
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$8.26
- Spread needed to break even
- 0.140%
Slippage unknown: SoDEX: no order-book sample; Derive: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0216%
- Per $10,000 a day
- +$6.49
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
SoDEX and Derive: 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.Injective12.400cheapestedgeX12.913+4.136%ApeX Omni12.913+4.137%Coinbase International12.919+4.185%Phoenix12.947+4.410%Reya12.949+4.431%Polymarket Perps12.951+4.444%HTX12.952+4.453%Variational Omni12.954+4.467%Pacifica12.957+4.489%Nado12.957+4.492%BloFin12.957+4.492%Paradex12.959+4.509%dYdX12.960+4.513%Orderly12.962+4.532%
Injective
ApeX Omni
Coinbase International
Phoenix
Reya
Polymarket Perps
HTX
Variational Omni
Pacifica
Nado
BloFin
Paradex
dYdX
OrderlyDerive12.962+4.532%
SoDEX12.963+4.540%
Extended12.963+4.543%Gate12.964+4.548%Aster12.964+4.550%Lighter12.965+4.560%Aevo12.967+4.577%OKX12.968+4.581%Arcus12.968+4.581%KuCoin12.968+4.581%Bitget12.968+4.581%SunX12.968+4.582%Bybit12.969+4.589%MEXC12.969+4.589%Binance12.970+4.597%BingX12.970+4.597%gTrade (Gains Network)12.970+4.601%GMX12.971+4.608%Kraken Futures12.971+4.609%Deribit12.973+4.623%Phemex12.975+4.637%Hyperliquid12.979+4.669%Backpack12.980+4.677%Kalshi12.986+4.730%
Extended
Gate
Aster
Lighter
Aevo
OKX
Arcus
KuCoin
Bitget
SunX
Bybit
MEXC
Binance
BingX
gTrade (Gains Network)
GMX
Kraken Futures
Deribit
Phemex
Hyperliquid
BackpackLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −4.343% | +0.0033% | 1h | $4K | $75K | 12x | as long as short |
| edgeX LINKUSDC | −0.387% | +0.0100% | 4h | $43K | $311K | 20x | as long as short |
| ApeX Omni LINKUSDT | −0.386% | +0.0100% | 1h | $131K | $655K | 50x | as long as short |
| Coinbase International LINK-PERP-INTX | −0.339% | +0.0072% | 1h | $999K | $2.6M | 50x | as long as short |
| Phoenix LINK | −0.125% | −0.0061% | 1h | $3K | $49K | 10x | as long as short |
| Reya LINKRUSDPERP | −0.105% | +0.0360% | 1h | $4K | $400 | 20x | as long as short |
| Polymarket Perps LINK-USD | −0.093% | +0.0100% | 1h | $78K | $51K | 10x | as long as short |
| HTX LINK-USDT | −0.083% | −0.0034% | 8h | $636K | $963K | 75x | as long as short |
| Variational Omni LINK | −0.070% | −0.0064% | 8h | $3.2M | $1.2M | — | as long as short |
| Pacifica LINK | −0.049% | +0.0100% | 1h | $271K | $165K | 10x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado LINK-PERP | −0.046% | +0.0100% | 1h | $427K | $350K | 10x | as long as short |
| BloFin LINK-USDT | −0.046% | +0.0104% | 8h | $5.2M | $13.1M | 75x | as long as short |
| Paradex LINK-USD-PERP | −0.030% | +0.0042% | 8h | $31K | $2K | 20x | as long as short |
| dYdX LINK-USD | −0.026% | +0.0029% | 1h | $343K | $60K | 10x | as long as short |
| Orderly PERP_LINK_USDC | −0.008% | +0.0077% | 8h | $142K | $1.7M | 20x | as long as short |
| Derive LINK-PERPshort | −0.008% | +0.0100% | 1h | $28K | $10K | 10x | |
| SoDEX LINK-USDlong | 0.000% | −0.0116% | 1h | $8K | $38K | 10x | |
| Extended LINK-USD | +0.002% | −0.0064% | 1h | $672K | $1.8M | 25x | as long as short |
| Gate LINK_USDT | +0.008% | +0.0050% | 8h | $130.9M | $12.0M | 75x | as long as short |
| Aster LINKUSDT | +0.010% | +0.0100% | 8h | $1.4M | $2.4M | 50x | as long as short |
| Lighter LINK | +0.018% | +0.0096% | 1h | $1.9M | $2.0M | 10x | as long as short |
| Aevo LINK-PERP | +0.035% | +0.0088% | 1h | $546K | $340 | 3x | as long as short |
| OKX LINK-USDT-SWAP | +0.039% | −0.0016% | 8h | $27.1M | $91.0M | 50x | as long as short |
| Arcus LINK-USD | +0.039% | +0.0100% | 1h | $183K | $189K | 10x | as long as short |
| KuCoin LINKUSDTM | +0.039% | +0.0100% | 8h | $21.4M | $16.9M | 75x | as long as short |
| Bitget LINKUSDT | +0.039% | +0.0100% | 8h | $53.9M | $29.9M | 75x | as long as short |
| SunX LINK-USDT | +0.040% | +0.0100% | 8h | $33K | $1.6M | 30x | as long as short |
| Bybit LINKUSDT | +0.046% | −0.0013% | 8h | $80.3M | $59.4M | 75x | as long as short |
| MEXC LINK_USDT | +0.046% | +0.0025% | 8h | $33.1M | $58.0M | 300x | as long as short |
| Binance LINKUSDT | +0.054% | +0.0026% | 8h | $118.8M | $288.8M | 75x | as long as short |
| BingX LINK-USDC | +0.054% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| gTrade (Gains Network) LINK/USD | +0.058% | L +0.0004% / S −0.0008% | 1h | $189K | — | 150x | as long as short |
| GMX LINK/USD [LINK-USDC] | +0.065% | L −0.0090% / S +0.0161% | 1h | $1.7M | — | 200x | as long as short |
| Kraken Futures PF_LINKUSD | +0.065% | −0.0387% | 1h | $6.0M | $6.8M | 50x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.079% | 0.0000% | 1h | $693K | $86K | 50x | as long as short |
| Phemex LINKUSDT | +0.093% | +0.0441% | 8h | $20.2M | $11.2M | 50x | as long as short |
| Hyperliquid LINK | +0.123% | +0.0100% | 1h | $76.6M | $22.0M | 10x | as long as short |
| Backpack LINK_USDC_PERP | +0.131% | +0.0100% | 1h | $363K | $367K | 15x | as long as short |
| Kalshi KXLINKPERP | +0.181% | 0.0000% | 8h | $458K | $2.2M | 3.7x | as long as short |