LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.8% APRnext payment +$0.34 per $10,000 · paid last 24h +0.006%

Price spread now: BingX against Orderly+0.107%7-day average −0.038% · you sell dearer than you buy

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.107%, 7d avg −0.038%

Together, before fees−0.149%−$15 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 BingX is 0.145% dearer against Orderly than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	13.138	0.0066	pay 0.0066% / 8h	7h 19m	$133K	$1.5M	20x
Short	BingX LINK-USDT	13.152	0.0100	get 0.0100% / 8h	7h 19m	—	$20.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $7.23
Price spread: +0.107% → −0.038%: $14.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $5.7
Costs to cover: 0.160%
Break-even: 1.5 days

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 4 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 BingX live order book, 4 min ago	1.14 bp	6.7 bp −$7	9.4 bp −$94	20.0 bp −$1,996	44.9 bp −$22.5K

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	13.160	+0.167%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.179	+0.310%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.148	+0.075%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.617%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.225%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0061%	1h	13.169	+0.236%	$782K	$211K	50x	as long as short
Orderly PERP_LINK_USDClong	+0.0066%	8h	13.138	long leg	$133K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.148	+0.077%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.212	+0.560%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.146	+0.065%	$403K	$307K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.151	+0.096%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.151	+0.096%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.148	+0.079%	$122.2M	$300.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.143	+0.038%	$84.7M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.140	+0.015%	$27.5M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.164	+0.198%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.149	+0.084%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.153	+0.114%	$36.8M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.154	+0.122%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.148	+0.076%	$54.7M	$30.2M	75x	as long as short
BingX LINK-USDTshort	+0.0100%	8h	13.152	+0.107%	—	$20.9M	—
Variational Omni LINK	+0.0100%	8h	13.157	+0.147%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	+0.127%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	+0.155%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	+0.152%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.154	+0.122%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.162	+0.186%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	+0.276%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.162	+0.183%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.145	+0.054%	$647K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.141	+0.020%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.166	+0.212%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	+0.160%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.167	+0.221%	$364K	$367K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	+0.206%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	+0.260%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.150	+0.088%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0419%	1h	13.146	+0.059%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0557%	1h	13.169	+0.236%	$81.3M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0650%	8h	13.178	+0.304%	$20.4M	$11.6M	50x	as long as short