LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h +0.003%

Price spread now: Orderly against gTrade (Gains Network)−0.075%7-day average +0.025% · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.099%+$10 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.075%, 7d avg +0.025%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Orderly is 0.100% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.025%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.099%, 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	gTrade (Gains Network) LINK/USD	12.995	L +0.0004% / S −0.0001%	pay 0.0000% / 1h	58m 09s	$107K	—	150x
Short	Orderly PERP_LINK_USDC	12.985	−0.0189	pay 0.0189% / 8h	5h 58m	$85K	$880K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee OrderlybpOrdersPrice spread, now −0.075%Rate

Funding earned: −$40.53
Price spread: −0.075% → +0.025%: −$9.97
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$66.5
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): virtual book (oracle exchange), 53 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 gTrade (Gains Network) virtual book (oracle exchange), 53 min ago	130.03 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	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 39 exchanges

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
Orderly PERP_LINK_USDCshort	−0.0189%	8h	12.985	−0.075%	$85K	$880K	20x
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.994	−0.002%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.006	+0.089%	$485K	$2.1M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0001%	1h	12.995	long leg	$107K	—	150x
Phoenix LINK	+0.0012%	1h	13.010	+0.115%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.576%	$4K	$48K	12x	as long as short
HTX LINK-USDT	+0.0084%	8h	12.950	−0.343%	$608K	$676K	75x	as long as short
Lighter LINK	+0.0096%	1h	12.993	−0.014%	$1.9M	$2.3M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	12.977	−0.133%	$3.4M	$1.8M	—	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.993	−0.010%	$31K	$600	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.991	−0.027%	$349K	$280K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.007	+0.095%	$81.8M	$25.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.000	+0.041%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.003	+0.063%	$276K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.993	−0.013%	$120.5M	$269.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.991	−0.028%	$84.0M	$66.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.992	−0.021%	$27.3M	$74.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.013	+0.141%	$183K	$84K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.994	−0.005%	$134.3M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.994	−0.005%	$35.8M	$54.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.997	+0.018%	$23.0M	$11.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.992	−0.021%	$54.4M	$26.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.993	−0.013%	—	$23.9M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.002	+0.056%	$336K	$352K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.982	−0.100%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.006	+0.086%	$590K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.988	−0.052%	$132K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.998	+0.025%	$83K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.010	+0.118%	$34K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.993	−0.013%	$11K	$61K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	12.988	−0.054%	$628K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.995	+0.002%	$545K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0173%	1h	12.997	+0.016%	$6.5M	$7.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	13.000	+0.041%	$950K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.996	+0.010%	$5.4M	$15.3M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0258%	1h	13.002	+0.052%	$891K	$355K	50x	as long as short
dYdX LINK-USD	+0.0354%	1h	13.009	+0.110%	$350K	$46K	10x	as long as short
Reya LINKRUSDPERP	+0.0407%	1h	12.986	−0.064%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0435%	8h	13.010	+0.118%	$20.1M	$10.5M	50x	as long as short