LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0286%/8h= +31.3% APRnext payment +$0.36 per $10,000 · paid last 24h +0.084%

Price spread now: Reya against Extended+0.123%48s7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Reya is 0.123% dearer against Extended than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	Extended LINK-USD	12.960	0.0104	pay 0.0013% / 1h	27m 40s	$632K	$2.0M	25x
Short	Reya LINKRUSDPERP	12.976	0.0390	get 0.0049% / 1h	27m 40s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Extended. 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 ExtendedbpFee ReyabpOrdersPrice spread, now +0.123%Rate

Funding earned: $59.96
Price spread: +0.123% → 0.000%: $12.32
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Reya: 3 bp × 2 orders: −$6
Net: $61.28
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Extended: live order book, 1 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 Extended live order book, 1 min ago	3.09 bp	6.3 bp −$6	7.9 bp −$79	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 −0.0090% / S +0.0167%	1h	12.958	−0.015%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.963	+0.027%	$543K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.958	−0.013%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.319%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	12.955	−0.037%	$117K	$1.3M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0090%	1h	12.958	−0.017%	$776K	$200K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.967	+0.060%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.981	+0.164%	$945K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.882	−0.602%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.966	+0.051%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.972	+0.091%	$392K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.966	+0.048%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.967	+0.054%	$274K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.967	+0.058%	$119.9M	$297.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.965	+0.040%	$83.6M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.964	+0.033%	$27.4M	$81.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.977	+0.133%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.966	+0.048%	$128.2M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.967	+0.056%	$32.3M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.969	+0.071%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.962	+0.017%	$53.9M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.963	+0.025%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.961	+0.010%	$339K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.949	−0.081%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.951	−0.067%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.963	+0.023%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	−0.353%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.979	+0.148%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.952	−0.064%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.989	+0.223%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.953	−0.052%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.944	−0.120%	$635K	$694K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.960	long leg	$632K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.957	−0.025%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.987	+0.210%	$5.3M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0369%	1h	12.979	+0.148%	$81.3M	$27.4M	10x	as long as short
Reya LINKRUSDPERPshort	+0.0390%	1h	12.976	+0.123%	$4K	—	20x
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.955	−0.036%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0478%	1h	12.968	+0.061%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0539%	8h	12.966	+0.048%	$20.0M	$11.4M	50x	as long as short