LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.56 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against Orderly−0.008%7-day average −0.053% · you buy dearer than you sell

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now −0.008%, 7d avg −0.053%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.045% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.053%. Mind the row above: over the last 7 days funding on this pair cost −0.084%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	13.145	0.0044	pay 0.0044% / 8h	7h 46m	$133K	$1.5M	20x
Short	Bybit LINKUSDT	13.144	0.0100	get 0.0100% / 8h	7h 46m	$84.7M	$71.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: $11.7
Price spread: −0.008% → −0.053%: $4.53
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$0.77
Costs to cover: 0.170%
Break-even: 7.5 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.38 bp	8.2 bp −$8	14.2 bp −$142	37.1 bp −$3,706	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	13.144	−0.005%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.158	+0.095%	$467K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.164	+0.142%	$761K	$181K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.146	+0.004%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.668%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.154	+0.067%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDClong	+0.0044%	8h	13.145	long leg	$133K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.152	+0.054%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.150	+0.035%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.143	−0.011%	$403K	$312K	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	13.158	+0.097%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.156	+0.081%	$276K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.144	−0.008%	$122.0M	$306.3M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	13.144	−0.008%	$84.7M	$71.7M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.144	−0.008%	$27.8M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.166	+0.160%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.148	+0.023%	$130.2M	$12.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.140	−0.038%	$36.4M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.150	+0.038%	$22.8M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.145	0.000%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.142	−0.023%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	+0.011%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.152	+0.054%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.150	+0.035%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.161	+0.122%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.149	+0.030%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.143	−0.015%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.168	+0.177%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.158	+0.099%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.139	−0.043%	$646K	$874K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.147	+0.014%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.146	+0.005%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.165	+0.152%	$1.0M	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0193%	1h	13.178	+0.251%	$365K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.162	+0.129%	$5.2M	$16.7M	75x	as long as short
dYdX LINK-USD	+0.0249%	1h	13.155	+0.075%	$348K	$48K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.164	+0.144%	$6.9M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.140	−0.037%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0476%	8h	13.175	+0.228%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0494%	1h	13.166	+0.160%	$80.1M	$24.8M	10x	as long as short