LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0138%/8h= −15.1% APRnext payment −$1.38 per $10,000 · paid last 24h −0.006%

Price spread now: Orderly against HTX+0.016%7-day average +0.100% · you sell dearer than you buy

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

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.016%, 7d avg +0.100%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.083% cheaper against HTX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.100%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.927	0.0100	pay 0.0100% / 8h	1h 03m	$631K	$784K	75x
Short	Orderly PERP_LINK_USDC	12.929	−0.0038	pay 0.0038% / 8h	1h 03m	$93K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against HTX. 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 HTXbpFee OrderlybpOrdersPrice spread, now +0.016%Rate

Funding earned: −$29.01
Price spread: +0.016% → +0.100%: −$8.33
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$55.35
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 40 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 HTX live order book, 40 min ago	15.40 bp	22.3 bp −$22	86.6 bp −$866	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 −0.0087% / S +0.0165%	1h	12.935	+0.060%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDCshort	−0.0038%	8h	12.929	+0.016%	$93K	$1.1M	20x
Kalshi KXLINKPERP	0.0000%	8h	12.946	+0.149%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.936	+0.069%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.076%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.348%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.935	+0.059%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.938	+0.083%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.940	+0.097%	$355K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.940	+0.101%	$1.3M	$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	12.942	+0.114%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.937	+0.078%	$119.5M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.930	+0.024%	$83.6M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.935	+0.063%	$27.0M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.953	+0.202%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.937	+0.078%	$134.8M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.938	+0.086%	$34.3M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.940	+0.101%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.932	+0.039%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.935	+0.063%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.944	+0.132%	$336K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	+0.211%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.953	+0.199%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.952	+0.196%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.962	+0.272%	$133K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.936	+0.070%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	+0.046%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.951	+0.187%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.933	+0.047%	$10K	$61K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.927	long leg	$631K	$784K	75x
Extended LINK-USD	+0.0104%	1h	12.930	+0.026%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.937	+0.074%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.963	+0.279%	$933K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0140%	1h	12.945	+0.140%	$81.0M	$28.0M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0152%	1h	12.940	+0.102%	$809K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.937	+0.079%	$6.5M	$8.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.943	+0.125%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.928	+0.012%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0547%	8h	12.951	+0.186%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0556%	1h	12.937	+0.074%	$345K	$45K	10x	as long as short