LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0273%/8h= −29.9% APRnext payment −$0.34 per $10,000 · paid last 24h −0.072%

Price spread now: Arcus against Reya+0.137%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Arcus is 0.137% dearer against Reya than usual: you sell high and buy low (spread +0.137% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	13.115	0.0373	pay 0.0047% / 1h	34m 30s	$5K	—	20x
Short	Arcus LINK-USD	13.133	0.0100	get 0.0013% / 1h	34m 30s	$184K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Reya. 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 ReyabpFee ArcusbpOrdersPrice spread, now +0.137%Rate

Funding earned: −$57.29
Price spread: +0.137% → 0.000%: $13.67
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$54.11
Costs to cover: 0.105%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Arcus: live order book, 53 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 Reya no order-book sample	—	—	—	—	—
Sell Arcus live order book, 53 min ago	5.66 bp	8.1 bp −$8	16.5 bp −$165	doesn't fit	doesn't fit

Reya: 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	13.114	−0.007%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.094	−0.158%	$465K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.108	−0.056%	$710K	$119K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.115	−0.001%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.072	−0.330%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0028%	1h	13.122	+0.055%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.452%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	13.097	−0.138%	$134K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0059%	8h	13.098	−0.130%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.125	+0.079%	$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	13.121	+0.042%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.118	+0.026%	$398K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.127	+0.091%	$77.6M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.124	+0.068%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.123	+0.061%	$275K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.120	+0.040%	$121.3M	$299.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.117	+0.015%	$84.5M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.114	−0.008%	$27.6M	$84.7M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.133	+0.137%	$184K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.120	+0.038%	$130.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.117	+0.015%	$35.9M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.120	+0.038%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.115	−0.001%	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.122	+0.053%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.124	+0.068%	$362K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.077	−0.293%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.112	−0.023%	$592K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.110	−0.039%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.122	+0.053%	$80K	$65K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.101	−0.109%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.112	−0.026%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.104	−0.084%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.082	−0.251%	$643K	$911K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.119	+0.034%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.107	−0.061%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.099	−0.123%	$987K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.103	−0.092%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERPlong	+0.0373%	1h	13.115	long leg	$5K	—	20x
Phemex LINKUSDT	+0.0495%	8h	13.120	+0.038%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.114	−0.008%	$7.0M	$7.8M	50x	as long as short