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 +0.006%

Price spread now: Orderly against Paradex−0.116%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Orderly

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.116% cheaper against Paradex than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.100	0.0100	pay 0.0100% / 8h	2h 35m	$32K	$3K	20x
Short	Orderly PERP_LINK_USDC	13.085	0.0049	get 0.0049% / 8h	2h 35m	$134K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Paradex. 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 ParadexbpFee OrderlybpOrdersPrice spread, now −0.116%Rate

Funding earned: −$10.69
Price spread: −0.116% → 0.000%: −$11.55
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$32.25
Costs to cover: 0.100%
Break-even: never at this rate

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

Paradex and 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	−0.045%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.109	+0.068%	$465K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.094	−0.046%	$710K	$119K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.096	−0.033%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.072	−0.216%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0029%	1h	13.100	−0.001%	$347K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.345%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0049%	8h	13.085	−0.119%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDCshort	+0.0049%	8h	13.085	−0.116%	$134K	$1.6M	20x
Lighter LINK	+0.0096%	1h	13.103	+0.024%	$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-PERPlong	+0.0100%	8h	13.100	long leg	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.101	+0.005%	$398K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.110	+0.075%	$77.5M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.099	−0.008%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.101	+0.008%	$275K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.099	−0.010%	$121.1M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.098	−0.016%	$84.4M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.100	−0.001%	$27.6M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.115	+0.113%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.095	−0.039%	$130.4M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.099	−0.009%	$35.7M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.102	+0.014%	$21.9M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.099	−0.009%	$54.1M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.099	−0.009%	—	$21.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.101	+0.007%	$362K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.077	−0.179%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.084	−0.123%	$590K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.086	−0.108%	$152K	$662K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.100	−0.001%	$80K	$65K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.088	−0.095%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.111	+0.081%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.091	−0.070%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.082	−0.135%	$643K	$911K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.089	−0.086%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.094	−0.048%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.120	+0.152%	$989K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.112	+0.091%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.097	−0.024%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0498%	8h	13.105	+0.037%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.099	−0.007%	$7.0M	$7.7M	50x	as long as short