LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0163%/8h= +17.9% APRnext payment +$1.63 per $10,000 · paid last 24h +0.006%

Price spread now: KuCoin against Orderly+0.101%7-day average −0.019% · you sell dearer than you buy

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

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.101%, 7d avg −0.019%

Together, before fees−0.209%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.120% dearer against Orderly than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, 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	12.905	−0.0063	get 0.0063% / 8h	41m 40s	$91K	$1.1M	20x
Short	KuCoin LINKUSDTM	12.918	0.0100	get 0.0100% / 8h	41m 40s	$22.9M	$12.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.101%Rate

Funding earned: $34.24
Price spread: +0.101% → −0.019%: $11.97
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $28.21
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	1.16 bp	14.0 bp −$14	27.7 bp −$277	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 −0.0087% / S +0.0165%	1h	12.912	+0.056%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDClong	−0.0063%	8h	12.905	long leg	$91K	$1.1M	20x
Kalshi KXLINKPERP	0.0000%	8h	12.912	+0.053%	$507K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.912	+0.054%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.913%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0036%	1h	12.919	+0.109%	$808K	$268K	50x	as long as short
Phoenix LINK	+0.0074%	1h	12.917	+0.095%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.914	+0.070%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.908	+0.020%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.910	+0.041%	$353K	$340K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.924	+0.147%	$80.9M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.913	+0.061%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.911	+0.050%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.909	+0.031%	$119.2M	$298.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.906	+0.008%	$83.4M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.906	+0.008%	$27.0M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.923	+0.139%	$180K	$95K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.913	+0.062%	$133.5M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.910	+0.039%	$34.5M	$58.0M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.918	+0.101%	$22.9M	$12.3M	75x
Bitget LINKUSDT	+0.0100%	8h	12.914	+0.070%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.907	+0.015%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.921	+0.124%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.924	+0.147%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.910	+0.042%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.917	+0.093%	$587K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.921	+0.124%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.916	+0.085%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.912	+0.057%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.927	+0.167%	$34K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.910	+0.039%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.891	−0.106%	$630K	$778K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.917	+0.090%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.903	−0.015%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.914	+0.066%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.922	+0.132%	$931K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.904	−0.008%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0400%	1h	12.909	+0.034%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0526%	1h	12.914	+0.071%	$344K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0553%	8h	12.926	+0.163%	$20.0M	$11.4M	50x	as long as short