LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0292%/8h= −32.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.085%

Price spread now: Coinbase International against Reya+0.225%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 Coinbase International

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. Coinbase International is 0.225% dearer against Reya than usual: you sell high and buy low (spread +0.225% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.925	0.0388	pay 0.0049% / 1h	51m 56s	$4K	—	20x
Short	Coinbase International LINK-PERP-INTX	12.954	0.0096	get 0.0012% / 1h	51m 56s	$943K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$61.41
Price spread: +0.225% → 0.000%: $22.45
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$54.96
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Coinbase International: 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 Reya no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	2.70 bp	11.2 bp −$11	15.1 bp −$151	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 −0.0090% / S +0.0167%	1h	12.917	−0.062%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.933	+0.059%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.919	−0.049%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.062%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.915	−0.077%	$116K	$1.4M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0067%	1h	12.923	−0.018%	$771K	$189K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.918	−0.054%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0096%	1h	12.954	+0.225%	$943K	$2.7M	50x
Phoenix LINK	+0.0099%	1h	12.920	−0.040%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.921	−0.027%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.918	−0.058%	$391K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.923	−0.014%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.926	+0.009%	$273K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.906	−0.144%	$119.4M	$297.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.903	−0.170%	$83.3M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.905	−0.155%	$27.2M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.936	+0.085%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.918	−0.054%	$127.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.915	−0.077%	$32.2M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.921	−0.031%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.905	−0.155%	$53.6M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.911	−0.108%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.956	+0.243%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.951	+0.201%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.944	+0.148%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.911	−0.108%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.932	+0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.917	−0.064%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.934	+0.071%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.916	−0.069%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.913	−0.090%	$632K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.913	−0.096%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.919	−0.047%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	12.923	−0.015%	$339K	$388K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.937	+0.093%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERPlong	+0.0388%	1h	12.925	long leg	$4K	—	20x
Kraken Futures PF_LINKUSD	+0.0395%	1h	12.920	−0.035%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0408%	1h	12.921	−0.031%	$81.0M	$27.4M	10x	as long as short
dYdX LINK-USD	+0.0597%	1h	12.926	+0.010%	$342K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0615%	8h	12.933	+0.062%	$19.9M	$11.4M	50x	as long as short