LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.58 per $10,000 · paid last 24h −0.001%

Price spread now: Orderly against Bitget+0.015%7-day average +0.048% · you sell dearer than you buy

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

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.015%, 7d avg +0.048%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.033% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	13.173	0.0100	pay 0.0100% / 8h	2h 17m	$54.6M	$30.1M	75x
Short	Orderly PERP_LINK_USDC	13.175	0.0042	get 0.0042% / 8h	2h 17m	$135K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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 BitgetbpFee OrderlybpOrdersPrice spread, now +0.015%Rate

Funding earned: −$12.11
Price spread: +0.015% → +0.048%: −$3.27
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$33.38
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	1.14 bp	8.5 bp −$8	11.7 bp −$117	23.2 bp −$2,319	doesn't fit
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 −0.0092% / S +0.0166%	1h	13.181	+0.063%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.140%	$493K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.185	+0.090%	$717K	$122K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.182	+0.065%	$134K	—	150x	as long as short
dYdX LINK-USD	+0.0017%	1h	13.177	+0.027%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.159	−0.107%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.868%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDCshort	+0.0042%	8h	13.175	+0.015%	$135K	$1.6M	20x
Variational Omni LINK	+0.0087%	8h	13.164	−0.070%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.196	+0.177%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.167	−0.046%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.181	+0.061%	$401K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.192	+0.144%	$78.0M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.186	+0.095%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.171	−0.015%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.193	+0.156%	$122.2M	$300.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.177	+0.030%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.174	+0.008%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.189	+0.121%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.183	+0.076%	$131.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.180	+0.053%	$37.5M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.186	+0.099%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	13.173	long leg	$54.6M	$30.1M	75x
BingX LINK-USDT	+0.0100%	8h	13.179	+0.046%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.161	−0.089%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	−0.212%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.168	−0.038%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.184	+0.084%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.176	+0.023%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.196	+0.174%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.179	+0.046%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.157	−0.121%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.180	+0.057%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.182	+0.072%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.181	+0.061%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.186	+0.099%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.164	−0.068%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.180	+0.056%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0462%	8h	13.189	+0.121%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	13.189	+0.124%	$7.0M	$7.8M	50x	as long as short