LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0351%/8h= +38.4% APRnext payment +$0.44 per $10,000 · paid last 24h +0.095%

Price spread now: Reya against Injective+4.617%112s7-day average — · you sell dearer than you buy

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

Long on Injective 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 airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Reya is 4.617% dearer against Injective than usual: you sell high and buy low: +$462 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 112 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	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	29m 31s	$4K	$48K	12x
Short	Reya LINKRUSDPERP	12.973	0.0384	get 0.0048% / 1h	29m 31s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now +4.617%Rate

Funding earned: $73.64
Price spread: +4.617% → 0.000%: $461.73
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $529.35
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Injective and 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 39 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	12.970	+4.598%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.977	+4.651%	$471K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.970	+4.598%	$149K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Phoenix LINK	+0.0049%	1h	12.972	+4.615%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.967	+4.573%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.951	+4.444%	$952K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.990	+4.758%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.020	+5.001%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.978	+4.665%	$395K	$317K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.989	+4.750%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.991	+4.766%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.977	+4.653%	$119.2M	$304.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.969	+4.589%	$83.6M	$72.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.967	+4.573%	$27.3M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.000	+4.839%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.984	+4.710%	$128.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.974	+4.629%	$33.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.988	+4.742%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.979	+4.669%	$54.0M	$30.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.970	+4.597%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.001	+4.847%	$338K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	+4.456%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.963	+4.537%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	+4.381%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.961	+4.524%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.989	+4.750%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.980	+4.676%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.991	+4.766%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.987	+4.734%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.950	+4.436%	$639K	$860K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.980	+4.681%	$661K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.985	+4.718%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0297%	1h	12.990	+4.755%	$771K	$212K	50x	as long as short
dYdX LINK-USD	+0.0305%	1h	12.992	+4.773%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERPshort	+0.0384%	1h	12.973	+4.617%	$4K	—	20x
Hyperliquid LINK	+0.0398%	1h	12.997	+4.815%	$79.7M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.993	+4.778%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0634%	8h	12.994	+4.790%	$20.1M	$11.5M	50x	as long as short