LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.46 per $10,000 · paid last 24h −0.006%

Price spread now: Orderly against GRVT−0.068%70s7-day average +0.044% · you buy dearer than you sell

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

Long on GRVT Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.068%, 7d avg +0.044%

Together, before fees+0.338%+ Points / potential airdropGRVT: Active · farm board+$34 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 0.112% cheaper against GRVT than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.044%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you. The two prices were read 70 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	GRVT LINK_USDT_Perp	12.958	0.0100	pay 0.0100% / 8h	4h 04m	$592K	$2.7M	10x
Short	Orderly PERP_LINK_USDC	12.949	0.0054	get 0.0054% / 8h	4h 04m	$117K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against GRVT. 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 GRVTbpFee OrderlybpOrdersPrice spread, now −0.068%Rate

Funding earned: −$9.69
Price spread: −0.068% → +0.044%: −$11.24
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$35.93
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 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 GRVT live order book, 5 min ago	0.77 bp	7.8 bp −$8	19.5 bp −$195	doesn't fit	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 −0.0089% / S +0.0166%	1h	12.951	−0.051%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.951	−0.052%	$521K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.947	−0.080%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.305%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDCshort	+0.0054%	8h	12.949	−0.068%	$117K	$1.2M	20x
Lighter LINK	+0.0096%	1h	12.958	+0.001%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.961	+0.025%	$941K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.978	+0.157%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.942	−0.119%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.943	−0.114%	$391K	$310K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.956	−0.017%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.944	−0.109%	$274K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.957	−0.004%	$119.8M	$297.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.956	−0.014%	$83.6M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.958	+0.001%	$27.4M	$81.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.962	+0.032%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.957	−0.006%	$128.3M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.960	+0.017%	$32.8M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.955	−0.022%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.959	+0.009%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.956	−0.014%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.966	+0.063%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.943	−0.112%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.016%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perplong	+0.0100%	8h	12.958	long leg	$592K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	12.966	+0.063%	$133K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.960	+0.017%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.949	−0.071%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+0.106%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.953	−0.037%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.889	−0.531%	$632K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.944	−0.104%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.952	−0.049%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.941	−0.130%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0229%	1h	12.956	−0.012%	$779K	$202K	50x	as long as short
Hyperliquid LINK	+0.0386%	1h	12.974	+0.125%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.952	−0.045%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.963	+0.040%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0421%	1h	12.943	−0.113%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0544%	8h	12.969	+0.086%	$20.0M	$11.4M	50x	as long as short