LINK Funding Rate — live across 21 venues
Perpetual funding · compared across 21 venues · net of estimated fees · updated every few minutesLive annualized LINK perpetual funding across all 21 venues Perpia tracks. Right now LINK funding is positive on 17 and negative on 3, ranging from +11.4% on Extended to -11.5% on Nado — a spread of 22.9%. The widest delta-neutral trade is long Nado / short Extended at 21.1% net APR.
LINK funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
Loading LINK rate history…
Build a route
any two of the 21 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 21 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Extended↗short | +11.4% | every 1h | |
| Aster↗ | +10.9% | every 8h | |
| Hyperliquid↗ | +10.9% | every 1h | |
| Arcus↗ | +10.9% | every 1h | |
| KuCoin↗ | +10.9% | every 8h | |
| BackPack↗ | +10.9% | every 1h | |
| HTX↗ | +10.9% | every 8h | |
| ApeX↗ | +10.9% | every 1h | |
| Pacifica↗ | +10.9% | every 1h | |
| Lighter↗ | +10.5% | every 8h | |
| OKX↗ | +8.0% | every 8h | |
| BingX↗ | +8.0% | every 8h | |
| Gate.io↗ | +3.6% | every 8h | |
| Bybit↗ | +2.6% | every 8h | |
| Binance↗ | +1.8% | every 8h | |
| MEXC↗ | +1.8% | every 8h | |
| Sodex↗ | +0.4% | every 1h | |
| Ostium↗ | +0.0% | every 1h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Variational↗ | −0.1% | every 8h | |
| Bitget↗ | −2.1% | every 8h | |
| Nado↗long | −11.5% | every 24h | |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Nado vs Extended page. 112 pairs scanned for LINK.
LINK arbitrage — 30-day backtest
long Nado · short ExtendedOver the last 30 days, holding long Nado / short Extended would have produced 8.6% APR — versus the 21.1% the live spread implies right now (equity $10,000 → $10,071). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.
Open full interactive backtest →LINK — FAQ
Is LINK funding positive right now?
LINK perpetual funding is positive on 17 of 21 venues Perpia tracks and negative on 3. The highest is +11.4% on Extended; the lowest is -11.5% on Nado.
What is the best LINK funding arbitrage right now?
Go long Nado and short Extended for about 21.1% net APR after fees — the widest delta-neutral LINK spread Perpia currently sees.
Which exchange has the highest LINK funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How LINK funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to LINK
also quoted on both Extended and NadoThe same two exchanges you would already have funded for the LINK trade. Every spread between them is on the Extended vs Nado page.