LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against Orderly+0.085%7-day average −0.024% · you sell dearer than you buy

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

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.085%, 7d avg −0.024%

Together, before fees−0.334%−$33 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 MEXC is 0.109% dearer against Orderly than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	12.915	0.0061	pay 0.0061% / 8h	4h 52m	$116K	$1.4M	20x
Short	MEXC LINK_USDT	12.926	0.0100	get 0.0100% / 8h	4h 52m	$32.2M	$55.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.085%Rate

Funding earned: $8.2
Price spread: +0.085% → −0.024%: $10.88
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: $13.08
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.39 bp	0.6 bp −$1	4.0 bp −$40	20.4 bp −$2,041	43.2 bp −$21.6K

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	12.917	+0.015%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.950	+0.268%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.919	+0.029%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.988%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0051%	1h	12.947	+0.252%	$773K	$189K	50x	as long as short
Orderly PERP_LINK_USDClong	+0.0061%	8h	12.915	long leg	$116K	$1.4M	20x
Lighter LINK	+0.0096%	1h	12.923	+0.062%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.954	+0.302%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.920	+0.037%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.921	+0.050%	$31K	$2K	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	12.918	+0.019%	$391K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.924	+0.072%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.926	+0.086%	$273K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.922	+0.051%	$119.6M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.915	0.000%	$83.4M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.916	+0.008%	$27.3M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.936	+0.163%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.925	+0.077%	$127.7M	$12.7M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.926	+0.085%	$32.2M	$55.8M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.930	+0.116%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.916	+0.008%	$53.7M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.920	+0.039%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.956	+0.320%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.951	+0.278%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.944	+0.225%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.911	−0.031%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.932	+0.132%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.917	+0.013%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.957	+0.322%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.943	+0.217%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.933	+0.139%	$633K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.911	−0.035%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.919	+0.031%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0137%	1h	12.947	+0.248%	$339K	$388K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.937	+0.170%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.925	+0.077%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0395%	1h	12.945	+0.233%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0433%	1h	12.939	+0.186%	$81.4M	$27.2M	10x	as long as short
dYdX LINK-USD	+0.0597%	1h	12.926	+0.088%	$342K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0611%	8h	12.956	+0.317%	$20.0M	$11.4M	50x	as long as short