LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h +0.011%

Price spread now: Orderly against Bybit−0.031%7-day average +0.053% · you buy dearer than you sell

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)+0.233%+$23 · spread now −0.031%, 7d avg +0.053%

Together, before fees+0.335%+$33 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 0.084% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.053%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.102%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.110	0.0100	pay 0.0100% / 8h	2h 58m	$84.9M	$68.6M	75x
Short	Orderly PERP_LINK_USDC	13.106	0.0058	get 0.0058% / 8h	2h 58m	$134K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now −0.031%Rate

Funding earned: −$8.81
Price spread: −0.031% → +0.053%: −$8.37
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.17
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: 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 Bybit live order book, 1 min ago	0.38 bp	5.9 bp −$6	11.1 bp −$111	34.0 bp −$3,401	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 −0.0091% / S +0.0166%	1h	13.114	+0.028%	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	13.164	+0.413%	$3K	$71K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.134	+0.187%	$348K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.133	+0.172%	$458K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.110	+0.002%	$698K	$108K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.116	+0.043%	$83K	—	150x	as long as short
Variational Omni LINK	+0.0025%	8h	13.175	+0.493%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.416%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDCshort	+0.0058%	8h	13.106	−0.031%	$134K	$1.6M	20x
Lighter LINK	+0.0096%	1h	13.111	+0.006%	$2.1M	$2.3M	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	13.127	+0.127%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.125	+0.114%	$398K	$323K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.124	+0.110%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.132	+0.168%	$275K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.100	−0.080%	$121.1M	$301.6M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.110	long leg	$84.9M	$68.6M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.109	−0.008%	$27.8M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.148	+0.290%	$198K	$155K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.127	+0.130%	$131.0M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.117	+0.053%	$35.6M	$55.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.129	+0.145%	$21.7M	$16.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.107	−0.023%	$54.4M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.113	+0.023%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.157	+0.357%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.155	+0.343%	$592K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.159	+0.374%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.126	+0.122%	$80K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.108	−0.019%	$22K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.123	+0.100%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.108	−0.015%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.102	−0.057%	$642K	$908K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0103%	1h	13.146	+0.275%	$364K	$376K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	13.105	−0.038%	$668K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.114	+0.027%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.125	+0.114%	$991K	$2.7M	50x	as long as short
Hyperliquid LINK	+0.0132%	1h	13.134	+0.183%	$78.3M	$23.3M	10x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.150	+0.305%	$5.3M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.120	+0.078%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0494%	8h	13.125	+0.114%	$20.3M	$11.4M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.116	+0.047%	$6.9M	$7.8M	50x	as long as short