LINK funding rates

LINK perpetual funding across 14 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
15.0%long GRVT, short Extended · net 11.3%
Highest funding now
11.4%Extended
Lowest funding now
−17.7%Polymarket
Listed on
14 venues

Funding by venue

7d chartFlagsOpen
ExtendedLINK-USD11.4%11.4%11.4%7.7%11.4%100%1h07:0013.37$519k$303kExExtended
HyperliquidLINK10.9%10.9%8.4%9.7%8.0%92%1h—13.39$74.6M$9.9MHyHyperliquid
AsterLINKUSDT10.9%10.9%10.9%10.9%10.9%100%8h08:0013.39$1.1M$353kAsAster
BybitCEXLINKUSDT10.9%7.5%4.9%5.5%4.5%81%8h08:0013.38$73.5M$26.6MByBybit
NadoLINK-PERP_USDT010.9%4.0%0.0%5.6%−0.7%57%1h07:0013.40$194k$47kNaNado
BitgetCEXLINKUSDT8.1%6.4%7.9%9.0%8.2%95%8h08:0013.38$50.1M$13.1MBgBitget
VariationalLINK6.8%4.0%0.8%2.5%0.3%63%8h—13.37$2.2M$718kVaVariational
GRVTLINK_USDT_Perp0.8%−1.0%−3.6%1.9%−4.0%21%8h08:0013.38$613k$2.7MGrGRVT
RWA PerpPERP_LINK_USDC0.6%3.7%4.7%5.5%4.8%81%8h08:0013.37$198k$197kRwRWA Perp
BinanceCEXLINKUSDT−0.3%3.4%3.5%5.5%3.5%79%8h08:0013.39$112.1M$106.1MBnBinance
MEXCCEXLINK_USDT−0.3%2.6%3.5%5.5%3.6%80%8h08:0013.39$46.7M$85.3MMxMEXC
GateCEXLINK_USDT−1.3%2.0%1.1%4.1%0.9%63%8h08:0013.39$122.6M$5.5MGtGate
LighterLINK−3.5%0.2%5.0%6.4%5.8%76%1h07:0013.39$1.6M$288kLiLighter
PolymarketLINK-USD−17.7%−20.7%−6.4%−6.4%−4.0%49%1h07:0013.38$145k$3kPmPolymarket

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
PolymarketExtended29.0%32.1%17.8%14.1%14.4%21.6%2.7dsteady$145kinvite onlyPmExcalc
PolymarketAster28.6%31.7%17.3%17.4%13.2%19.7%3.4dsteady$145k1h/8hinvite onlyPmAscalc
GRVTExtended10.6%12.4%15.0%5.8%11.3%17.0%3.4dsteady$519k8h/1hGrExcalc
PolymarketHyperliquid28.6%31.7%14.8%16.1%10.3%15.5%4.2dsteady$145kinvite onlyPmHycalc
GRVTAster10.2%12.0%14.5%9.1%10.1%15.2%4.3dsteady$613kGrAscalc
VariationalExtended4.6%7.4%10.5%5.1%9.2%13.9%1.7dsteady$519k8h/1hspread not incl.VaExcalc
PolymarketBitgetCEX25.8%27.1%14.3%15.4%9.1%13.6%5.1dsteady$145k1h/8hinvite onlyPmBgcalc
NadoExtended0.4%7.4%11.4%2.0%8.3%12.4%3.8dsteady$194kNaExcalc
VariationalAster4.2%6.9%10.1%8.4%8.0%12.0%2.9dsteady$1.1Mspread not incl.VaAscalc
GRVTHyperliquid10.2%12.0%12.0%7.8%7.3%10.9%5.5dsteady$613k8h/1hGrHycalc
NadoAster0.0%7.0%11.0%5.3%7.1%10.6%5.0dcooling$194k1h/8hNaAscalc
GRVTLighter−4.3%1.2%8.6%4.5%6.2%9.4%3.8dcooling$613k8h/1hGrLicalc
GRVTBitgetCEX7.3%7.4%11.5%7.1%6.0%9.0%6.7dsteady$613kGrBgcalc
MEXCCEXExtended11.7%8.8%7.9%2.1%5.5%8.3%4.2dsteady$519k8h/1hMxExcalc
VariationalHyperliquid4.2%6.9%7.6%7.1%5.2%7.8%4.3dsteady$2.2M8h/1hspread not incl.VaHycalc
GateCEXExtended12.7%9.4%10.3%3.5%5.1%7.7%7.1dsteady$519k8h/1hGtExcalc
LighterExtended14.9%11.2%6.4%1.3%5.1%7.6%2.9dsteady$519kLiExcalc
PolymarketLighter14.2%20.9%11.4%12.8%9.3%13.9%2.6dsteady$145kinvite onlyPmLicalc
MEXCCEXAster11.3%8.3%7.4%5.4%4.3%6.5%5.9dsteady$1.1MMxAscalc
NadoHyperliquid0.0%7.0%8.4%4.1%4.2%6.4%6.9dcooling$194kNaHycalc
VariationalLighter−10.3%−3.8%4.2%3.8%4.2%6.2%<0.1dcooling$1.6M8h/1hspread not incl.VaLicalc
BinanceCEXExtended11.7%8.0%7.9%1.7%4.0%6.0%6.9dsteady$519k8h/1hBnExcalc
VariationalBitgetCEX1.3%2.4%7.1%6.4%3.9%5.9%6.2dsteady$2.2Mspread not incl.VaBgcalc
GateCEXAster12.3%8.9%9.9%6.8%3.9%5.9%8.5dsteady$1.1MGtAscalc
LighterAster14.5%10.8%5.9%4.6%3.9%5.8%4.9dsteady$1.1M1h/8hLiAscalc
GRVTMEXCCEX−1.1%3.7%7.1%3.7%3.7%5.5%6.7dcooling$613kGrMxcalc
GRVTBybitCEX10.2%8.5%8.5%3.6%3.3%4.9%8.6dsteady$613kGrBycalc
NadoLighter−14.5%−3.8%5.0%0.8%3.2%4.8%5.1dcooling$194kNaLicalc
PolymarketBybitCEX28.6%28.2%11.3%11.9%6.3%9.5%6.1dspike ×3.3$145k1h/8hinvite onlyPmBycalc
NadoBitgetCEX−2.8%2.4%7.9%3.4%3.0%4.5%8.8dcooling$194k1h/8hNaBgcalc
BinanceCEXAster11.3%7.6%7.5%5.4%2.8%4.2%8.8dsteady$1.1MBnAscalc
BybitCEXExtended0.4%3.9%6.5%2.2%2.3%3.5%9.0dsteady$519k8h/1hByExcalc
GRVTBinanceCEX−1.1%4.4%7.1%3.9%2.1%3.1%9.8dcooling$613kGrBncalc
GRVTVariational6.0%5.0%4.4%0.7%2.1%3.1%7.4dweak$613kspread not incl.GrVacalc
PolymarketMEXCCEX17.3%23.4%9.9%12.0%6.8%10.1%4.4dspike ×3.1$145k1h/8hinvite onlyPmMxcalc
VariationalMEXCCEX−7.1%−1.4%2.7%3.0%1.6%2.4%5.5dweak$2.2Mspread not incl.VaMxcalc
MEXCCEXHyperliquid11.3%8.3%4.9%4.1%1.5%2.3%9.7dweak$46.7M8h/1hMxHycalc
PolymarketBinanceCEX17.3%24.1%9.8%13.1%5.2%7.7%6.7dspike ×3.2$145k1h/8hinvite onlyPmBncalc
PolymarketVariational24.4%24.7%7.2%9.0%5.1%7.7%4.0dspike ×5.8$145k1h/8hinvite onlyspread not incl.PmVacalc
VariationalBybitCEX4.2%3.5%4.1%2.9%1.2%1.8%9.9dweak$2.2Mspread not incl.VaBycalc
BybitCEXAster0.0%3.5%6.1%5.5%1.1%1.6%11dcooling$1.1MByAscalc
GateCEXHyperliquid12.3%8.9%7.3%5.5%1.1%1.6%12dsteady$74.6M8h/1hGtHycalc
LighterHyperliquid14.5%10.8%3.4%3.3%1.0%1.6%9.7dweak$1.6MLiHycalc
PolymarketNado28.6%24.7%6.4%12.1%2.5%3.7%8.6dspike ×7.5$145kinvite onlyPmNacalc
MEXCCEXLighter−3.2%−2.4%1.5%0.8%0.5%0.7%9.7dweak$1.6M8h/1hMxLicalc
PolymarketGateCEX16.3%22.8%7.4%10.6%1.4%2.2%11dspike ×4.7$145k1h/8hinvite onlyPmGtcalc
NadoMEXCCEX−11.3%−1.4%3.5%−0.1%0.7%1.0%11dmixed$194k1h/8hNaMxcalc
MEXCCEXBitgetCEX8.4%3.8%4.4%3.4%0.2%0.3%13dweak$46.7MMxBgcalc
NadoBybitCEX0.0%3.5%4.9%−0.2%0.2%0.3%13dcooling$194k1h/8hNaBycalc
GateCEXLighter−2.2%−1.8%3.9%2.2%0.0%0.1%14dweak$1.6M8h/1hGtLicalc
VariationalBinanceCEX−7.1%−0.6%2.6%3.1%0.0%0.0%14dweak$2.2Mspread not incl.VaBncalc
BinanceCEXHyperliquid11.3%7.6%4.9%3.2%0.0%0.0%14dweak$74.6M8h/1hBnHycalc
GateCEXBitgetCEX9.4%4.4%6.9%4.8%−0.2%−0.3%14dsteady$50.1MGtBgcalc
LighterBitgetCEX11.6%6.2%2.9%2.6%−0.2%−0.3%15dweak$1.6M1h/8hLiBgcalc
GRVTNado10.2%5.0%3.6%3.7%−0.6%−0.9%16dweak$194k8h/1hGrNacalc
HyperliquidExtended0.4%0.4%3.0%−2.0%−0.7%−1.0%17dweak$519kHyExcalc
NadoBinanceCEX−11.3%−0.6%3.5%0.5%−0.9%−1.4%18dweak$194k1h/8hNaBncalc
BitgetCEXExtended3.3%5.0%3.5%−1.3%−0.9%−1.4%18dweak$519k8h/1hBgExcalc
BinanceCEXLighter−3.2%−3.2%1.5%0.9%−1.1%−1.6%24dweak$1.6M8h/1hBnLicalc
BinanceCEXBitgetCEX8.4%3.0%4.4%3.5%−1.3%−1.9%18dweak$50.1MBnBgcalc
GRVTGateCEX−2.1%3.0%4.6%2.3%−1.6%−2.4%19dweak$613kGrGtcalc
BybitCEXHyperliquid0.0%3.5%3.5%4.2%−1.7%−2.6%21dweak$73.5M8h/1hByHycalc
HyperliquidAster0.0%0.0%2.6%1.3%−1.9%−2.8%24dweak$1.1M1h/8hHyAscalc
NadoVariational−4.2%0.0%0.9%−3.1%−1.0%−1.4%30dmixed$194k1h/8hspread not incl.NaVacalc
BitgetCEXAster2.8%4.6%3.0%2.0%−2.2%−3.3%24dweak$1.1MBgAscalc
GateCEXMEXCCEX1.0%0.6%2.4%1.4%−2.5%−3.8%28dweak$46.7MGtMxcalc
MEXCCEXBybitCEX11.3%4.9%1.4%−0.1%−2.5%−3.8%39dweak$46.7MMxBycalc
GateCEXBybitCEX12.3%5.5%3.8%1.3%−2.9%−4.4%25dweak$73.5MGtBycalc
AsterExtended0.4%0.4%0.4%−3.3%−3.0%−4.4%108dweak$519k8h/1hAsExcalc
BybitCEXBitgetCEX−2.8%−1.1%3.0%3.5%−3.0%−4.5%28dweak$50.1MByBgcalc
GateCEXBinanceCEX1.0%1.4%2.4%1.4%−4.1%−6.2%38dweak$112.1MGtBncalc
BitgetCEXHyperliquid2.8%4.6%0.5%0.7%−5.0%−7.5%156dweak$50.1M8h/1hBgHycalc
LighterMEXCCEX3.2%2.4%−1.5%−0.8%−2.5%−3.8%—mixed$1.6M1h/8hLiMxcalc
VariationalNado4.2%0.0%−0.9%3.1%−2.7%−4.0%—mixed$194k8h/1hspread not incl.VaNacalc
BybitCEXLighter−14.5%−7.3%0.1%0.9%−2.8%−4.1%389dmixed$1.6M8h/1hByLicalc
LighterBybitCEX14.5%7.3%−0.1%−0.9%−3.0%−4.5%—mixed$1.6M1h/8hLiBycalc
PolymarketGRVT18.4%19.7%2.8%8.3%−1.6%−2.5%22dspike$145k1h/8hinvite onlyPmGrcalc
BinanceCEXMEXCCEX0.0%−0.8%0.0%0.1%−3.6%−5.4%>999dmixed$46.7MBnMxcalc
MEXCCEXBinanceCEX0.0%0.8%0.0%−0.1%−3.7%−5.5%—mixed$46.7MMxBncalc
MEXCCEXVariational7.1%1.4%−2.7%−3.0%−3.7%−5.5%—mixed$2.2Mspread not incl.MxVacalc
VariationalGateCEX−8.1%−2.0%0.2%1.6%−3.7%−5.6%263dmixed$2.2Mspread not incl.VaGtcalc
BinanceCEXBybitCEX11.3%4.1%1.4%−0.1%−4.0%−6.1%54dmixed$73.5MBnBycalc
GateCEXVariational8.1%2.0%−0.2%−1.6%−4.1%−6.2%—mixed$2.2Mspread not incl.GtVacalc
LighterBinanceCEX3.2%3.2%−1.5%−0.9%−4.1%−6.2%—mixed$1.6M1h/8hLiBncalc
LighterVariational10.3%3.8%−4.2%−3.8%−4.2%−6.2%—mixed$1.6M1h/8hspread not incl.LiVacalc
NadoGateCEX−12.3%−2.0%1.1%−1.5%−4.7%−7.0%75dmixed$194k1h/8hNaGtcalc
BinanceCEXVariational7.1%0.6%−2.6%−3.1%−5.2%−7.8%—mixed$2.2Mspread not incl.BnVacalc
MEXCCEXNado11.3%1.4%−3.5%0.1%−6.4%−9.6%—mixed$194k8h/1hMxNacalc
GateCEXNado12.3%2.0%−1.1%1.5%−6.8%−10.2%—mixed$194k8h/1hGtNacalc
LighterNado14.5%3.8%−5.0%−0.8%−6.8%−10.3%—mixed$194kLiNacalc
LighterGateCEX2.2%1.8%−3.9%−2.2%−7.9%−11.8%—mixed$1.6M1h/8hLiGtcalc
BinanceCEXNado11.3%0.6%−3.5%−0.5%−7.9%−11.9%—mixed$194k8h/1hBnNacalc
BitgetCEXBybitCEX2.8%1.1%−3.0%−3.5%−9.0%−13.5%—mixed$50.1MBgBycalc
MEXCCEXGRVT1.1%−3.7%−7.1%−3.7%−10.5%−15.7%—mixed$613kMxGrcalc
GateCEXGRVT2.1%−3.0%−4.6%−2.3%−10.9%−16.3%—mixed$613kGtGrcalc
LighterGRVT4.3%−1.2%−8.6%−4.5%−10.9%−16.4%—mixed$613k1h/8hLiGrcalc
BinanceCEXGRVT1.1%−4.4%−7.1%−3.9%−12.0%−18.0%—mixed$613kBnGrcalc
BitgetCEXNado2.8%−2.4%−7.9%−3.4%−12.9%−19.3%—mixed$194k8h/1hBgNacalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 06:26 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Extended at 13.3688, sell on Nado at 13.3996: 0.231% before fees, 0.111% after taker fees.

LINK: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Nado13.3996Hyperliquid13.392Aster13.3914Binance13.387MEXC13.387Lighter13.3865Gate13.386Bybit13.385GRVT13.3847Bitget13.382Polymarket13.382RWA Perp13.374Variational13.3714Extended13.3688
Extended13.36880.231%0.174%0.169%0.136%0.136%0.133%0.129%0.121%0.119%0.099%0.099%0.039%0.020%—
Variational13.37140.211%0.154%0.149%0.117%0.117%0.113%0.109%0.102%0.100%0.079%0.079%0.019%—−0.020%
RWA Perp13.3740.192%0.134%0.130%0.097%0.097%0.094%0.090%0.082%0.080%0.060%0.060%—−0.019%−0.039%
Bitget13.3820.132%0.075%0.070%0.037%0.037%0.034%0.030%0.022%0.020%—0.000%−0.060%−0.079%−0.099%
Polymarket13.3820.132%0.075%0.070%0.037%0.037%0.034%0.030%0.022%0.020%0.000%—−0.060%−0.079%−0.099%
GRVT13.38470.111%0.054%0.050%0.017%0.017%0.013%0.010%0.002%—−0.020%−0.020%−0.080%−0.100%−0.119%
Bybit13.3850.109%0.052%0.048%0.015%0.015%0.011%0.007%—−0.002%−0.022%−0.022%−0.082%−0.102%−0.121%
Gate13.3860.102%0.045%0.040%0.007%0.007%0.004%—−0.007%−0.010%−0.030%−0.030%−0.090%−0.109%−0.129%
Lighter13.38650.098%0.041%0.036%0.004%0.004%—−0.004%−0.011%−0.013%−0.034%−0.034%−0.094%−0.113%−0.133%
Binance13.3870.094%0.037%0.033%—0.000%−0.004%−0.007%−0.015%−0.017%−0.037%−0.037%−0.097%−0.117%−0.136%
MEXC13.3870.094%0.037%0.033%0.000%—−0.004%−0.007%−0.015%−0.017%−0.037%−0.037%−0.097%−0.117%−0.136%
Aster13.39140.062%0.005%—−0.033%−0.033%−0.036%−0.040%−0.048%−0.050%−0.070%−0.070%−0.130%−0.149%−0.169%
Hyperliquid13.3920.057%—−0.005%−0.037%−0.037%−0.041%−0.045%−0.052%−0.054%−0.075%−0.075%−0.134%−0.154%−0.174%
Nado13.3996—−0.057%−0.062%−0.094%−0.094%−0.098%−0.102%−0.109%−0.111%−0.132%−0.132%−0.192%−0.211%−0.231%
All quotes (14)
VenueBidAskQualityAgeVol 24hFlags
Aster13.391413.3914mark5m$353kno FX
BinanceCEX13.38713.387mark5m$106.1Mno FX
BitgetCEX13.38213.382mark5m$13.1Mno FX
BybitCEX13.38513.385mark5m$26.6Mno FX
Extended13.368813.3688mark5m$303k
GateCEX13.38613.386mark5m$5.5Mno FX
GRVT13.384713.3847mark5m$2.7Mno FX
Hyperliquid13.39213.392mark5m$9.9M
Lighter13.386513.3865mark5m$288k
MEXCCEX13.38713.387mark5m$85.3Mno FX
Nado13.399613.3996mark5m$47kno FX
Polymarket13.38213.382mark5m$3k
RWA Perp13.37413.374mark5m$197k
Variational13.371413.3714mark5m$718k

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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