LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.59 per $10,000 · paid last 24h −0.019%

Price spread now: GRVT against Orderly−0.266%7-day average −0.048% · you buy dearer than you sell

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

Long on Orderly Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.266%, 7d avg −0.048%

Together, before fees−0.042%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.217% cheaper against Orderly than usual: you would sell low and buy high (spread −0.266% now, against its 7-day average of −0.048%). If the spread goes back, that is −$22 on $10k: about 12 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.107%, 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	13.171	0.0041	pay 0.0041% / 8h	1h 54m	$134K	$1.5M	20x
Short	GRVT LINK_USDT_Perp	13.136	0.0100	get 0.0100% / 8h	1h 54m	$589K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.266%Rate

Funding earned: $12.34
Price spread: −0.266% → −0.048%: −$21.73
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$24.39
Costs to cover: 0.150%
Break-even: 20.8 days

Slippage unknown: Orderly: no order-book sample; GRVT: 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 GRVT live order book, 4 min ago	0.38 bp	7.0 bp −$7	19.2 bp −$192	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 −0.0090% / S +0.0167%	1h	13.173	+0.013%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.172	+0.007%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.171	−0.001%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.175	+0.033%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.175	+0.030%	$134K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.128	−0.328%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.854%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDClong	+0.0041%	8h	13.171	long leg	$134K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.183	+0.089%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.160	−0.085%	$32K	$3K	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	13.168	−0.023%	$400K	$316K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.183	+0.091%	$77.7M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.179	+0.058%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.163	−0.058%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.181	+0.076%	$122.2M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.172	+0.008%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.173	+0.015%	$27.7M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.176	+0.038%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.168	−0.023%	$130.7M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.171	0.000%	$36.8M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.173	+0.015%	$22.4M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.170	−0.008%	$54.6M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.172	+0.008%	—	$21.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.148	−0.172%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.127	−0.333%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.136	−0.266%	$589K	$2.8M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.129	−0.319%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.178	+0.053%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.167	−0.032%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.193	+0.167%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	+0.015%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.163	−0.064%	$647K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.166	−0.036%	$667K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.176	+0.041%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	−0.091%	$991K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.174	+0.023%	$5.2M	$17.0M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0225%	1h	13.187	+0.121%	$367K	$374K	15x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.177	+0.045%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0474%	8h	13.192	+0.159%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.181	+0.074%	$6.9M	$8.0M	50x	as long as short