LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0376%/8h= −41.1% APRnext payment −$0.47 per $10,000 · paid last 24h −0.049%

Price spread now: dYdX against Reya+0.066%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 dYdX

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. dYdX is 0.066% dearer against Reya than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	13.147	0.0376	pay 0.0047% / 1h	33m 23s	$5K	—	20x
Short	dYdX LINK-USD	13.156	0	get 0.0000% / 1h	33m 23s	$348K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$78.87
Price spread: +0.066% → 0.000%: $6.61
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$88.26
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; dYdX: live order book, 51 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 dYdX live order book, 51 min ago	125.69 bp	130.7 bp −$131	130.7 bp −$1,307	133.9 bp −$13.4K	195.3 bp −$97.6K

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	13.146	−0.010%	$1.8M	—	200x	as long as short
dYdX LINK-USDshort	0.0000%	1h	13.156	+0.066%	$348K	$48K	10x
Kalshi KXLINKPERP	0.0000%	8h	13.145	−0.017%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.146	−0.005%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.147	+0.002%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.681%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.166	+0.147%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.139	−0.060%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.155	+0.064%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.149	+0.014%	$32K	$3K	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	13.153	+0.050%	$399K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.163	+0.123%	$77.7M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.154	+0.057%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.153	+0.050%	$276K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.146	−0.008%	$122.0M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.142	−0.037%	$84.8M	$70.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.143	−0.030%	$27.6M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.166	+0.145%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.148	+0.008%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.151	+0.031%	$36.4M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.156	+0.069%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.152	+0.039%	$54.8M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.146	−0.007%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.155	+0.062%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.142	−0.034%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	−0.006%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.008%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.154	+0.054%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.140	−0.051%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.143	−0.030%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.145	−0.014%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.127	−0.151%	$645K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.152	+0.036%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.146	−0.010%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.135	−0.090%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0173%	1h	13.157	+0.077%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.147	+0.001%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERPlong	+0.0376%	1h	13.147	long leg	$5K	—	20x
Phemex LINKUSDT	+0.0471%	8h	13.161	+0.107%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0695%	1h	13.157	+0.076%	$6.9M	$8.0M	50x	as long as short