LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.4% APRnext payment −$0.59 per $10,000 · paid last 24h −0.001%

Price spread now: Orderly against KuCoin+0.061%7-day average +0.031% · you sell dearer than you buy

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.061%, 7d avg +0.031%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.030% dearer against KuCoin than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.031%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours. Mind the row above: over the last 7 days funding on this pair paid +0.078%, 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	KuCoin LINKUSDTM	13.142	0.0100	pay 0.0100% / 8h	1h 34m	$22.2M	$15.6M	75x
Short	Orderly PERP_LINK_USDC	13.150	0.0041	get 0.0041% / 8h	1h 34m	$133K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now +0.061%Rate

Funding earned: −$12.33
Price spread: +0.061% → +0.031%: $2.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$27.35
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	0.76 bp	13.1 bp −$13	20.8 bp −$208	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 −0.0090% / S +0.0167%	1h	13.150	+0.063%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.146	+0.031%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.152	+0.075%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.154	+0.094%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.152	+0.075%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.646%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.166	+0.184%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDCshort	+0.0041%	8h	13.150	+0.061%	$133K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.147	+0.036%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.141	−0.008%	$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	13.148	+0.046%	$399K	$312K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.148	+0.046%	$77.6M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.141	−0.008%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.144	+0.017%	$275K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.142	0.000%	$121.9M	$302.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.142	0.000%	$84.7M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.145	+0.023%	$27.6M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.155	+0.099%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.141	−0.008%	$130.5M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.142	0.000%	$36.4M	$56.2M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.142	long leg	$22.2M	$15.6M	75x
Bitget LINKUSDT	+0.0100%	8h	13.140	−0.015%	$54.7M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.144	+0.015%	—	$21.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.155	+0.099%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.160	+0.134%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.159	+0.130%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.182	+0.304%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.156	+0.107%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.147	+0.039%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.170	+0.215%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.148	+0.046%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.120	−0.171%	$645K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.137	−0.036%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.153	+0.084%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.148	+0.046%	$992K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0175%	1h	13.156	+0.107%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.147	+0.038%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.153	+0.081%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0467%	8h	13.163	+0.160%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0695%	1h	13.158	+0.122%	$6.9M	$8.0M	50x	as long as short