LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.51 per $10,000 · paid last 24h +0.001%

Price spread now: SunX against Orderly+0.316%57s7-day average +0.072% · you sell dearer than you buy

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

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.301%−$30 · spread now +0.316%, 7d avg +0.072%

Together, before fees−0.295%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.244% dearer against Orderly than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.072%. The two prices were read 57 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	13.085	0.0049	pay 0.0049% / 8h	2h 36m	$134K	$1.6M	20x
Short	SunX LINK-USDT	13.126	0.0100	get 0.0100% / 8h	2h 36m	$34K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.316%Rate

Funding earned: $10.72
Price spread: +0.316% → +0.072%: $24.38
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $21.1
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	13.68 bp	19.2 bp −$19	doesn't fit	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 −0.0091% / S +0.0165%	1h	13.094	+0.071%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.114	+0.223%	$465K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.116	+0.236%	$711K	$119K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.096	+0.083%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.072	−0.101%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0031%	1h	13.101	+0.120%	$347K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.235%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0049%	8h	13.085	−0.003%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDClong	+0.0049%	8h	13.085	long leg	$134K	$1.6M	20x
Lighter LINK	+0.0096%	1h	13.103	+0.136%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.096	+0.081%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.101	+0.120%	$398K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.109	+0.183%	$77.5M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.102	+0.133%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.101	+0.119%	$275K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.092	+0.057%	$121.0M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.093	+0.061%	$84.4M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.092	+0.053%	$27.6M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.105	+0.153%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.098	+0.099%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.096	+0.084%	$35.7M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.100	+0.115%	$21.9M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.097	+0.092%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.096	+0.084%	—	$21.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.124	+0.298%	$362K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.077	−0.064%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.084	−0.008%	$590K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.086	+0.008%	$152K	$662K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.100	+0.115%	$80K	$65K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.108	+0.173%	$16K	$16K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.126	+0.316%	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.109	+0.183%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.092	+0.057%	$640K	$904K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.093	+0.060%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.114	+0.218%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.081	−0.031%	$986K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.112	+0.206%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.097	+0.091%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0495%	8h	13.126	+0.313%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.118	+0.250%	$7.0M	$7.7M	50x	as long as short