# Chainlink perpetual futures (LINK)

> LINK is the token of Chainlink, a network that delivers external price and data feeds to smart contracts. It is an infrastructure asset, so it can diverge from layer-1 networks on project-specific news.

**Source:** https://propfirmpal.com/perpetuals/markets/link  
**Generated:** 2026-11-11  
**Publisher:** Prop Firm Pal - independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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On a $10,000 LINK position with a funding rate of 0.01% for the interval, a long pays $1.00 to shorts at that funding time. If the rate is negative, shorts pay longs instead. These are illustrative figures, not a current LINK rate.

## Frequently asked questions

### What is a LINK perpetual future?

A Chainlink perpetual future is a derivative that tracks the price of LINK and has no expiry date. It stays near the spot price because longs and shorts exchange a periodic funding payment.

### Does LINK funding count against a prop firm drawdown?

It depends on the firm. Some apply funding to account equity, which moves a drawdown measured on equity, and others do not charge it at all. Check the firm’s published rules; where a firm does not say, we show that as unknown.

### How much leverage can I use on LINK?

Leverage limits differ by venue, firm and account tier, and they change. Prop firms commonly allow more on BTC and ETH than on smaller markets. Use the limit in your own firm’s rules, not a figure from an exchange.

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- [Funding schedule](https://propfirmpal.com/perpetuals/funding-schedule)
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