LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.46 per $10,000 · paid last 24h −0.006%

Price spread now: Orderly against BingX+0.015%7-day average +0.036% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now +0.015%, 7d avg +0.036%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.020% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDC	12.941	0.0100	pay 0.0100% / 8h	4h 05m	—	$6.6M	—
Short	Orderly PERP_LINK_USDC	12.943	0.0054	get 0.0054% / 8h	4h 05m	$117K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now +0.015%Rate

Funding earned: −$9.69
Price spread: +0.015% → +0.036%: −$2.02
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$27.71
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; Orderly: no order-book sample. 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 BingX live order book, 7 min ago	0.77 bp	9.5 bp −$10	18.2 bp −$182	78.1 bp −$7,810	400.0 bp −$200.0K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 −0.0089% / S +0.0166%	1h	12.944	+0.026%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.948	+0.056%	$521K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.945	+0.035%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.181%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDCshort	+0.0054%	8h	12.943	+0.015%	$117K	$1.2M	20x
Lighter LINK	+0.0096%	1h	12.946	+0.040%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.954	+0.100%	$942K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.978	+0.287%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.950	+0.066%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.938	−0.027%	$391K	$310K	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	12.949	+0.062%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.948	+0.053%	$275K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.945	+0.031%	$119.7M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.941	0.000%	$83.5M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.943	+0.015%	$27.4M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.963	+0.170%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.944	+0.023%	$128.2M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.944	+0.023%	$32.7M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.950	+0.070%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.943	+0.015%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	12.941	long leg	—	$6.6M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	12.952	+0.085%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.943	+0.017%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.146%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.958	+0.130%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.966	+0.193%	$133K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.950	+0.070%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.944	+0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.962	+0.160%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.946	+0.039%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.935	−0.049%	$635K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.940	−0.005%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.948	+0.058%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0175%	1h	12.951	+0.080%	$779K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.941	0.000%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0382%	1h	12.960	+0.147%	$81.1M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.941	0.000%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.950	+0.071%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0396%	1h	12.943	+0.017%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0544%	8h	12.962	+0.162%	$20.0M	$11.3M	50x	as long as short