LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.39 per $10,000 · paid last 24h −0.001%

Price spread now: Orderly against MEXC−0.023%7-day average +0.024% · you buy dearer than you sell

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

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.023%, 7d avg +0.024%

Together, before fees+0.272%+$27 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 0.047% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.918	0.0100	pay 0.0100% / 8h	4h 52m	$32.2M	$55.8M	300x
Short	Orderly PERP_LINK_USDC	12.915	0.0061	get 0.0061% / 8h	4h 52m	$116K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against MEXC. 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 MEXCbpFee OrderlybpOrdersPrice spread, now −0.023%Rate

Funding earned: −$8.2
Price spread: −0.023% → +0.024%: −$4.68
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.88
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.39 bp	0.4 bp $0	4.0 bp −$40	26.0 bp −$2,598	47.6 bp −$23.8K
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	12.917	−0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.933	+0.113%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.919	+0.005%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.010%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDCshort	+0.0061%	8h	12.915	−0.023%	$116K	$1.4M	20x
Deribit LINK_USDC-PERPETUAL	+0.0067%	1h	12.923	+0.036%	$771K	$189K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.918	0.000%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.954	+0.279%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.920	+0.014%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.921	+0.027%	$31K	$2K	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	12.918	−0.004%	$391K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.929	+0.086%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.926	+0.063%	$273K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.918	0.000%	$119.5M	$297.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.913	−0.039%	$83.4M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.915	−0.023%	$27.3M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.936	+0.139%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.925	+0.054%	$127.7M	$12.7M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.918	long leg	$32.2M	$55.8M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.922	+0.031%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.914	−0.031%	$53.7M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.916	−0.015%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.956	+0.297%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.951	+0.255%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.944	+0.202%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.911	−0.054%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.932	+0.108%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.917	−0.010%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.934	+0.125%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.916	−0.015%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.913	−0.036%	$632K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.912	−0.046%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.919	+0.007%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	12.923	+0.039%	$339K	$388K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.937	+0.147%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.925	+0.054%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0395%	1h	12.920	+0.019%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0421%	1h	12.933	+0.116%	$81.4M	$27.2M	10x	as long as short
dYdX LINK-USD	+0.0597%	1h	12.926	+0.064%	$342K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0615%	8h	12.933	+0.116%	$19.9M	$11.4M	50x	as long as short