LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.59 per $10,000 · paid last 24h −0.001%

Price spread now: Paradex against Orderly+0.192%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.192% dearer against Orderly than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	12.839	0.0041	pay 0.0041% / 8h	2h 22m	$95K	$1.2M	20x
Short	Paradex LINK-USD-PERP	12.864	0.0100	get 0.0100% / 8h	2h 22m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.192%Rate

Funding earned: $12.41
Price spread: +0.192% → 0.000%: $19.19
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $21.6
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Orderly and Paradex: 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	12.843	+0.031%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.855	+0.124%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.846	+0.055%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.419%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDClong	+0.0041%	8h	12.839	long leg	$95K	$1.2M	20x
Phoenix LINK	+0.0074%	1h	12.826	−0.104%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.864	+0.196%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.864	+0.192%	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.838	−0.008%	$344K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.874	+0.272%	$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	12.867	+0.216%	$274K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.874	+0.272%	$118.3M	$302.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.873	+0.265%	$83.1M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.878	+0.304%	$27.3M	$80.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.886	+0.366%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.862	+0.179%	$124.1M	$15.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.871	+0.249%	$32.8M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.873	+0.265%	$22.7M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.867	+0.218%	$53.8M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.870	+0.241%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.861	+0.171%	$335K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.814	−0.192%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.810	−0.226%	$42K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.833	−0.045%	$580K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.810	−0.226%	$131K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.849	+0.078%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.844	+0.042%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.859	+0.155%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.850	+0.086%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.828	−0.086%	$630K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.868	+0.228%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.850	+0.083%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.857	+0.140%	$915K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0201%	1h	12.854	+0.118%	$793K	$244K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.854	+0.117%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0226%	1h	12.875	+0.280%	$80.1M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.850	+0.085%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.841	+0.016%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0585%	8h	12.855	+0.125%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0793%	1h	12.865	+0.206%	$343K	$33K	10x	as long as short