LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.1% APRnext payment +$0.29 per $10,000 · paid last 24h +0.006%

Price spread now: Aster against Orderly+0.050%7-day average +0.010% · you sell dearer than you buy

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

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.050%, 7d avg +0.010%

Together, before fees−0.035%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.040% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	13.040	0.0071	pay 0.0071% / 8h	6h 57m	$131K	$1.5M	20x
Short	Aster LINKUSDT	13.047	0.0100	get 0.0100% / 8h	6h 57m	$1.3M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now +0.050%Rate

Funding earned: $6.03
Price spread: +0.050% → +0.010%: $4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$3.97
Costs to cover: 0.140%
Break-even: 11.6 days

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 2 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	2.30 bp	6.7 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit

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 +0.0167%	1h	13.042	+0.016%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.066	+0.199%	$463K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.046	+0.042%	$775K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.044	+0.031%	$131K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.908%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.118	+0.599%	$4K	$86K	10x	as long as short
Orderly PERP_LINK_USDClong	+0.0071%	8h	13.040	long leg	$131K	$1.5M	20x
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.066	+0.199%	$1.0M	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.040	0.000%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.107	+0.518%	$32K	$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	13.060	+0.157%	$399K	$305K	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.047	+0.050%	$1.3M	$3.0M	50x
dYdX LINK-USD	+0.0100%	1h	13.054	+0.110%	$346K	$48K	10x	as long as short
Pacifica LINK	+0.0100%	1h	13.058	+0.138%	$274K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.034	−0.046%	$121.0M	$299.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.032	−0.061%	$84.1M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.033	−0.054%	$27.3M	$83.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.074	+0.261%	$183K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.029	−0.084%	$129.0M	$12.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.033	−0.054%	$34.8M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.037	−0.023%	$22.6M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.027	−0.100%	$54.1M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.024	−0.123%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.038	−0.015%	$349K	$383K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.052	+0.094%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.071	+0.237%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.074	+0.262%	$589K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.080	+0.307%	$152K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.067	+0.207%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.041	+0.006%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.056	+0.123%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.036	−0.031%	$18K	$34K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.042	+0.018%	$644K	$869K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.026	−0.107%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.043	+0.025%	$547K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.037	−0.023%	$5.3M	$15.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	13.045	+0.039%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.047	+0.051%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0622%	8h	13.056	+0.123%	$20.2M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0835%	1h	13.058	+0.141%	$83.1M	$26.7M	10x	as long as short