LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.59 per $10,000 · paid last 24h +0.009%

Price spread now: Orderly against Gate+0.008%7-day average +0.036% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.008%, 7d avg +0.036%

Together, before fees+0.161%+$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 0.029% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.094%, 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	Gate LINK_USDT	13.200	0.0100	pay 0.0100% / 8h	1h 01m	$130.8M	$12.9M	75x
Short	Orderly PERP_LINK_USDC	13.201	0.0041	get 0.0041% / 8h	1h 01m	$134K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now +0.008%Rate

Funding earned: −$12.4
Price spread: +0.008% → +0.036%: −$2.88
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$36.28
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	1.51 bp	11.7 bp −$12	21.4 bp −$214	32.3 bp −$3,233	74.7 bp −$37.4K
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 −0.0090% / S +0.0167%	1h	13.203	+0.019%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.203	+0.019%	$493K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.202	+0.018%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.202	+0.013%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.061%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.203	+0.023%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDCshort	+0.0041%	8h	13.201	+0.008%	$134K	$1.5M	20x
dYdX LINK-USD	+0.0052%	1h	13.203	+0.020%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.199	−0.011%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.197	−0.021%	$32K	$3K	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	13.197	−0.019%	$404K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.213	+0.098%	$78.1M	$24.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.201	+0.011%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.201	+0.008%	$277K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.203	+0.023%	$122.8M	$303.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.201	+0.008%	$85.2M	$70.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.203	+0.023%	$27.8M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.214	+0.106%	$185K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.200	long leg	$130.8M	$12.9M	75x
MEXC LINK_USDT	+0.0100%	8h	13.200	0.000%	$36.4M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.201	+0.008%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.201	+0.008%	$55.0M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.203	+0.023%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.189	−0.085%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	+0.034%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	−0.015%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.207	+0.053%	$154K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.199	−0.008%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.199	−0.006%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.214	+0.104%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.198	−0.015%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.192	−0.058%	$649K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.193	−0.054%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.211	+0.083%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.212	+0.091%	$995K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.206	+0.045%	$5.3M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0221%	1h	13.207	+0.053%	$364K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.195	−0.039%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.213	+0.098%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.207	+0.053%	$7.0M	$8.1M	50x	as long as short