LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.15 per $10,000 · paid last 24h +0.052%

Price spread now: Reya against Kraken Futures−0.068%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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

Funding pays, the price is against you. Reya is 0.068% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 47 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	12.881	0.0278	pay 0.0035% / 1h	35m 59s	$6.6M	$8.3M	50x
Short	Reya LINKRUSDPERP	12.872	0.0395	get 0.0049% / 1h	35m 59s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.068%Rate

Funding earned: $24.5
Price spread: −0.068% → 0.000%: −$6.79
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.71
Costs to cover: 0.160%
Break-even: 6.5 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; 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 Kraken Futures live order book, 3 min ago	3.89 bp	11.7 bp −$12	16.3 bp −$163	43.0 bp −$4,299	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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 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	12.876	−0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.880	−0.004%	$506K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.878	−0.021%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.733%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	12.872	−0.069%	$97K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.879	−0.014%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.880	−0.003%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.886	+0.042%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.884	+0.024%	$343K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.891	+0.076%	$1.2M	$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	12.886	+0.036%	$274K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.891	+0.079%	$119.0M	$302.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.886	+0.040%	$83.1M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.892	+0.087%	$27.2M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.899	+0.141%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.883	+0.017%	$124.2M	$14.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.894	+0.102%	$33.0M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.893	+0.094%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.891	+0.079%	$53.8M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.887	+0.048%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.894	+0.102%	$336K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	−0.065%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.827	−0.415%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.830	−0.395%	$586K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.822	−0.457%	$131K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.891	+0.079%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.876	−0.041%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.895	+0.110%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.879	−0.014%	$10K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.848	−0.253%	$631K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.886	+0.041%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.882	+0.008%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.884	+0.024%	$916K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0146%	1h	12.885	+0.032%	$790K	$233K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.877	−0.030%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0238%	1h	12.900	+0.149%	$80.3M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0278%	1h	12.881	long leg	$6.6M	$8.3M	50x
Reya LINKRUSDPERPshort	+0.0395%	1h	12.872	−0.068%	$4K	—	20x
Phemex LINKUSDT	+0.0577%	8h	12.898	+0.133%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0862%	1h	12.883	+0.017%	$343K	$33K	10x	as long as short