LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0182%/8h= +19.9% APRnext payment +$0.23 per $10,000 · paid last 24h −0.026%

Price spread now: Hyperliquid against Reya+0.151%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.151% dearer against Reya than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	13.158	0.0382	pay 0.0048% / 1h	21m 23s	$5K	—	20x
Short	Hyperliquid LINK	13.178	0.0564	get 0.0070% / 1h	21m 23s	$81.4M	$25.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.151%Rate

Funding earned: $38.2
Price spread: +0.151% → 0.000%: $15.13
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $38.34
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 12 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 Hyperliquid live order book, 12 min ago	0.38 bp	6.4 bp −$6	11.6 bp −$116	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 +0.0167%	1h	13.162	+0.027%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.165	+0.051%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.161	+0.024%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.761%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.193	+0.265%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.160	+0.015%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.154	−0.035%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.215	+0.431%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.156	−0.016%	$404K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.159	+0.004%	$1.4M	$3.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.156	−0.014%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.161	+0.022%	$122.3M	$301.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.160	+0.015%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.161	+0.022%	$27.6M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.174	+0.121%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.159	+0.007%	$130.4M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.160	+0.015%	$36.9M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.163	+0.037%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.161	+0.022%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.160	+0.015%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	−0.006%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.172	+0.103%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.202	+0.334%	$601K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.176	+0.136%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.162	+0.030%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.160	+0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.176	+0.135%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.163	+0.037%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.145	−0.097%	$647K	$851K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.159	+0.007%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.164	+0.045%	$552K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0115%	1h	13.169	+0.086%	$782K	$211K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.169	+0.083%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0182%	1h	13.162	+0.030%	$366K	$365K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.167	+0.068%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	+0.108%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERPlong	+0.0382%	1h	13.158	long leg	$5K	—	20x
dYdX LINK-USD	+0.0439%	1h	13.153	−0.036%	$348K	$48K	10x	as long as short
Hyperliquid LINKshort	+0.0564%	1h	13.178	+0.151%	$81.4M	$25.0M	10x
Phemex LINKUSDT	+0.0624%	8h	13.172	+0.106%	$20.4M	$11.6M	50x	as long as short