LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.45 per $10,000 · paid last 24h +0.007%

Price spread now: Orderly against OKX−0.015%7-day average +0.042% · you buy dearer than you sell

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.015%, 7d avg +0.042%

Together, before fees+0.213%+$21 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 0.058% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.072%, 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	OKX LINK-USDT-SWAP	13.086	0.0100	pay 0.0100% / 8h	2h 48m	$27.6M	$84.7M	50x
Short	Orderly PERP_LINK_USDC	13.084	0.0055	get 0.0055% / 8h	2h 48m	$134K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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 OKXbpFee OrderlybpOrdersPrice spread, now −0.015%Rate

Funding earned: −$9.46
Price spread: −0.015% → +0.042%: −$5.76
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$31.22
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.38 bp	7.1 bp −$7	14.3 bp −$143	34.0 bp −$3,403	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 −0.0091% / S +0.0165%	1h	13.092	+0.047%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.099	+0.096%	$456K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.095	+0.066%	$702K	$111K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.095	+0.066%	$82K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.073	−0.098%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.242%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0037%	8h	13.058	−0.217%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDCshort	+0.0055%	8h	13.084	−0.015%	$134K	$1.6M	20x
dYdX LINK-USD	+0.0064%	1h	13.099	+0.099%	$347K	$60K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.096	+0.073%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.096	+0.073%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.089	+0.023%	$397K	$319K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.096	+0.076%	$77.3M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.095	+0.066%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.094	+0.063%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.087	+0.007%	$121.0M	$300.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.088	+0.015%	$84.5M	$69.6M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.086	long leg	$27.6M	$84.7M	50x
Arcus LINK-USD	+0.0100%	1h	13.103	+0.130%	$184K	$171K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.089	+0.023%	$130.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.088	+0.015%	$35.6M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.095	+0.069%	$21.9M	$16.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.086	0.000%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.089	+0.023%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.101	+0.115%	$363K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.089	+0.024%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.062	−0.184%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.060	−0.199%	$152K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.091	+0.038%	$80K	$63K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.090	+0.030%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.106	+0.156%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.091	+0.038%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.084	−0.015%	$640K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.083	−0.020%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.093	+0.057%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.099	+0.099%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.081	−0.038%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.089	+0.026%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0503%	8h	13.108	+0.168%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.103	+0.132%	$7.0M	$7.7M	50x	as long as short