LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0135%/8h= −14.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.093%

Price spread now: Deribit against Reya+0.180%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 Deribit

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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.180% dearer against Reya than usual: you sell high and buy low (spread +0.180% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.920	0.0403	pay 0.0050% / 1h	22m 42s	$4K	—	20x
Short	Deribit LINK_USDC-PERPETUAL	12.944	0.0268	get 0.0034% / 1h	22m 42s	$810K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$28.45
Price spread: +0.180% → 0.000%: $18.05
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$23.4
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 11 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 Deribit live order book, 11 min ago	3.50 bp	9.3 bp −$9	16.0 bp −$160	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
Orderly PERP_LINK_USDC	−0.0122%	8h	12.928	+0.058%	$91K	$936K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.934	+0.105%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.921	+0.007%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.931	+0.079%	$106K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.028%	$4K	$48K	12x	as long as short
Bybit LINKUSDT	+0.0040%	8h	12.948	+0.213%	$83.8M	$72.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.939	+0.143%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.845	−0.587%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.953	+0.253%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.953	+0.249%	$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	12.912	−0.062%	$348K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.950	+0.228%	$80.9M	$27.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.953	+0.254%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.950	+0.228%	$275K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.952	+0.242%	$119.6M	$294.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.952	+0.244%	$27.2M	$79.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.965	+0.345%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.948	+0.213%	$134.4M	$17.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.950	+0.228%	$35.1M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.956	+0.275%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.950	+0.228%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.950	+0.228%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.943	+0.174%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.835	−0.662%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.860	−0.469%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.865	−0.429%	$588K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.850	−0.546%	$131K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.922	+0.012%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.822	−0.760%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.952	+0.242%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.936	+0.120%	$11K	$58K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	−0.159%	$630K	$698K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.949	+0.218%	$617K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.936	+0.120%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.938	+0.136%	$927K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.929	+0.066%	$5.3M	$15.9M	75x	as long as short
Deribit LINK_USDC-PERPETUALshort	+0.0268%	1h	12.944	+0.180%	$810K	$266K	50x
Phemex LINKUSDT	+0.0325%	8h	12.945	+0.190%	$20.0M	$11.4M	50x	as long as short
Reya LINKRUSDPERPlong	+0.0403%	1h	12.920	long leg	$4K	—	20x
dYdX LINK-USD	+0.1255%	1h	12.953	+0.255%	$348K	$49K	10x	as long as short