LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0086%/8h= +9.5% APRnext payment +$0.11 per $10,000 · paid last 24h +0.099%

Price spread now: Reya against Deribit+0.013%49s7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	12.896	0.0309	pay 0.0039% / 1h	21m 25s	$796K	$244K	50x
Short	Reya LINKRUSDPERP	12.897	0.0395	get 0.0049% / 1h	21m 25s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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 DeribitbpFee ReyabpOrdersPrice spread, now +0.013%Rate

Funding earned: $18.13
Price spread: +0.013% → 0.000%: $1.31
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $6.44
Costs to cover: 0.130%
Break-even: 4.5 days

Slippage unknown: Deribit: live order book, 27 min ago; Reya: 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 Deribit live order book, 27 min ago	4.25 bp	7.7 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	12.878	−0.140%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.901	+0.040%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.879	−0.133%	$156K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.845%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0040%	8h	12.877	−0.146%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.112%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.897	+0.012%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.901	+0.044%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.895	−0.006%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.905	+0.070%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.903	+0.052%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.905	+0.070%	$118.6M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.899	+0.025%	$83.2M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.902	+0.048%	$27.4M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.916	+0.157%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.894	−0.014%	$124.5M	$15.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.904	+0.064%	$32.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.904	+0.064%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.898	+0.017%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.903	+0.056%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.904	+0.064%	$336K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.814	−0.631%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.844	−0.399%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.355%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.363%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.907	+0.087%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.887	−0.071%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.906	+0.077%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.893	−0.022%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.860	−0.280%	$631K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.897	+0.012%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.890	−0.045%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.857	−0.301%	$915K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.854	−0.324%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0232%	1h	12.913	+0.133%	$80.4M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.894	−0.014%	$6.6M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUALlong	+0.0309%	1h	12.896	long leg	$796K	$244K	50x
Reya LINKRUSDPERPshort	+0.0395%	1h	12.897	+0.013%	$4K	—	20x
Phemex LINKUSDT	+0.0578%	8h	12.910	+0.110%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0751%	1h	12.898	+0.015%	$344K	$33K	10x	as long as short