LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.7% APRnext payment +$0.33 per $10,000 · paid last 24h −0.002%

Price spread now: OKX against Orderly+0.236%50s7-day average −0.043% · you sell dearer than you buy

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

Long on Orderly Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 3 days (all we have)−0.272%−$27 · spread now +0.236%, 7d avg −0.043%

Together, before fees−0.328%−$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 OKX is 0.279% dearer against Orderly than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	13.134	0.0067	pay 0.0067% / 8h	7h 16m	$133K	$1.5M	20x
Short	OKX LINK-USDT-SWAP	13.165	0.0100	get 0.0100% / 8h	7h 16m	$27.5M	$84.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.236%Rate

Funding earned: $7.02
Price spread: +0.236% → −0.043%: $27.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $18.93
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; OKX: 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 OKX live order book, 2 min ago	0.38 bp	10.1 bp −$10	15.7 bp −$157	31.7 bp −$3,170	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 −0.0091% / S +0.0167%	1h	13.134	−0.001%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.149	+0.112%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.136	+0.015%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.589%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.255%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0039%	1h	13.142	+0.061%	$780K	$211K	50x	as long as short
Orderly PERP_LINK_USDClong	+0.0067%	8h	13.134	long leg	$133K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.162	+0.211%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.200	+0.504%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.161	+0.209%	$404K	$307K	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	13.159	+0.193%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.164	+0.232%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.165	+0.236%	$122.2M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.161	+0.206%	$84.9M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	13.165	+0.236%	$27.5M	$84.2M	50x
Arcus LINK-USD	+0.0100%	1h	13.174	+0.305%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.158	+0.183%	$130.3M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.165	+0.236%	$37.2M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.167	+0.251%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.158	+0.183%	$54.5M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.161	+0.206%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.178%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	+0.157%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	+0.186%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	+0.183%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.148	+0.107%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.134	+0.001%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.150	+0.126%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.137	+0.023%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.138	+0.030%	$646K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.154	+0.154%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.137	+0.023%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.153	+0.145%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0177%	1h	13.155	+0.160%	$364K	$364K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.141	+0.053%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.146	+0.088%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.138	+0.027%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0468%	1h	13.155	+0.163%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0555%	1h	13.174	+0.305%	$81.4M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0689%	8h	13.155	+0.160%	$20.4M	$11.6M	50x	as long as short