LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.33 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against Orderly+0.162%7-day average −0.035% · you sell dearer than you buy

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

Long on Orderly Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.364%−$36 · spread now +0.162%, 7d avg −0.035%

Together, before fees−0.438%−$44 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 Gate is 0.197% dearer against Orderly than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.074%, 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	12.977	0.0067	pay 0.0067% / 8h	5h 45m	$117K	$1.5M	20x
Short	Gate LINK_USDT	12.998	0.0100	get 0.0100% / 8h	5h 45m	$128.3M	$12.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.162%Rate

Funding earned: $6.83
Price spread: +0.162% → −0.035%: $19.65
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $5.48
Costs to cover: 0.210%
Break-even: 1.4 days

Slippage unknown: Orderly: no order-book sample; Gate: 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 Gate live order book, 4 min ago	0.38 bp	12.1 bp −$12	18.0 bp −$180	31.3 bp −$3,130	74.2 bp −$37.1K

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	12.979	+0.013%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.980	+0.025%	$479K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.979	+0.015%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.446%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.973	−0.031%	$936K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDClong	+0.0067%	8h	12.977	long leg	$117K	$1.5M	20x
Lighter LINK	+0.0096%	1h	12.989	+0.095%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.000	+0.176%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.001	+0.185%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.008	+0.243%	$395K	$316K	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	12.981	+0.034%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.992	+0.113%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.007	+0.230%	$119.8M	$296.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.007	+0.231%	$84.1M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.008	+0.239%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.016	+0.301%	$182K	$165K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.998	+0.162%	$128.3M	$12.6M	75x
MEXC LINK_USDT	+0.0100%	8h	13.004	+0.208%	$32.0M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.009	+0.247%	$23.1M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.008	+0.239%	$54.1M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.999	+0.170%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.986	+0.069%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.044%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.974	−0.019%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.095%	$581K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.990	+0.100%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.016	+0.301%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.980	+0.025%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.994	+0.129%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.978	+0.008%	$5K	$45K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.949	−0.213%	$639K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.001	+0.186%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.983	+0.046%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0220%	1h	12.988	+0.085%	$771K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.975	−0.015%	—	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0376%	1h	12.993	+0.123%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.006	+0.221%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.981	+0.030%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0603%	8h	12.993	+0.123%	$20.0M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0732%	1h	13.029	+0.401%	$81.8M	$26.6M	10x	as long as short