LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.61 per $10,000 · paid last 24h +0.006%

Price spread now: HTX against Orderly−0.201%7-day average −0.100% · you buy dearer than you sell

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

Long on Orderly Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.201%, 7d avg −0.100%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.101% cheaper against Orderly than usual: you would sell low and buy high (spread −0.201% now, against its 7-day average of −0.100%). If the spread goes back, that is −$10 on $10k: about 5.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.009% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	12.918	0.0039	pay 0.0039% / 8h	2h 19m	$95K	$1.2M	20x
Short	HTX LINK-USDT	12.892	0.0100	get 0.0100% / 8h	2h 19m	$633K	$675K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.201%Rate

Funding earned: $12.8
Price spread: −0.201% → −0.100%: −$10.09
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.29
Costs to cover: 0.180%
Break-even: 15.4 days

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 29 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 HTX live order book, 29 min ago	17.45 bp	32.1 bp −$32	221.2 bp −$2,212	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 −0.0089% / S +0.0166%	1h	12.925	+0.057%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.909	−0.070%	$525K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.925	+0.051%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.010%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDClong	+0.0039%	8h	12.918	long leg	$95K	$1.2M	20x
Phoenix LINK	+0.0074%	1h	12.881	−0.284%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.927	+0.071%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.922	+0.029%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.912	−0.043%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.935	+0.128%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.920	+0.019%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.935	+0.128%	$118.9M	$302.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.933	+0.116%	$83.5M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.932	+0.108%	$27.4M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.937	+0.147%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.922	+0.031%	$124.3M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.930	+0.093%	$32.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.930	+0.093%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.927	+0.070%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.932	+0.108%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.238%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.844	−0.571%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.526%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.534%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.928	+0.077%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.924	+0.043%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.941	+0.182%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.927	+0.070%	$10K	$62K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.892	−0.201%	$633K	$675K	75x
Backpack LINK_USDC_PERP	+0.0103%	1h	12.940	+0.170%	$337K	$390K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.921	+0.026%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.921	+0.024%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.925	+0.054%	$920K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	−0.178%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0237%	1h	12.941	+0.178%	$80.6M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.929	+0.082%	$6.6M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0322%	1h	12.934	+0.120%	$798K	$244K	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.920	+0.019%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0560%	8h	12.940	+0.170%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0732%	1h	12.918	−0.001%	$344K	$33K	10x	as long as short