LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0544%/8h= +59.6% APRnext payment +$0.68 per $10,000 · paid last 24h +0.066%

Price spread now: Hyperliquid against SoDEX+0.069%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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.069% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LINK-USD	13.003	0.0100	pay 0.0013% / 1h	35m 47s	$23K	$53K	10x
Short	Hyperliquid LINK	13.012	0.0644	get 0.0081% / 1h	35m 47s	$81.5M	$27.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.069%Rate

Funding earned: $114.25
Price spread: +0.069% → 0.000%: $6.92
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $104.17
Costs to cover: 0.170%
Break-even: 0.6 days

Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago	0.38 bp	5.7 bp −$6	11.5 bp −$115	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	12.996	−0.050%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.994	−0.066%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.999	−0.028%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.637%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.995	−0.062%	$938K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	12.999	−0.031%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.996	−0.050%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.974	−0.225%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.003	+0.002%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.992	−0.085%	$395K	$315K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.005	+0.019%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.000	−0.024%	$274K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.002	−0.008%	$119.9M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.998	−0.038%	$84.0M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.001	−0.015%	$27.4M	$82.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.015	+0.092%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.003	0.000%	$128.4M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.002	−0.008%	$32.1M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.999	−0.031%	$23.0M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.002	−0.008%	$54.1M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.998	−0.038%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.011	+0.062%	$344K	$377K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.994	−0.069%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.977	−0.198%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.960	−0.328%	$580K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	−0.215%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.998	−0.038%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.002	−0.011%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.003	−0.002%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	13.003	long leg	$23K	$53K	10x
HTX LINK-USDT	+0.0100%	8h	12.969	−0.261%	$640K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.999	−0.028%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.003	+0.003%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0211%	1h	13.008	+0.035%	$773K	$183K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.983	−0.154%	$5.2M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0372%	1h	12.994	−0.066%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.986	−0.132%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.007	+0.032%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0590%	8h	13.025	+0.169%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINKshort	+0.0644%	1h	13.012	+0.069%	$81.5M	$27.0M	10x