LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.18 per $10,000 · paid last 24h −0.053%

Price spread now: Kraken Futures against Reya+0.040%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 Kraken Futures

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. Kraken Futures is 0.040% dearer against Reya than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.883	0.0393	pay 0.0049% / 1h	2m 11s	$4K	—	20x
Short	Kraken Futures PF_LINKUSD	12.888	0.0246	get 0.0031% / 1h	2m 11s	$6.6M	$8.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$31.07
Price spread: +0.040% → 0.000%: $3.95
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$43.11
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 2 min ago	5.43 bp	14.4 bp −$14	18.2 bp −$182	49.2 bp −$4,916	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 −0.0089% / S +0.0166%	1h	12.884	+0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	+0.099%	$483K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.884	+0.009%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.749%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.881	−0.015%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.922	+0.302%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.886	+0.021%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.889	+0.046%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.890	+0.054%	$389K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.890	+0.058%	$1.2M	$2.4M	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	12.890	+0.051%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.885	+0.015%	$119.4M	$300.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.880	−0.023%	$83.2M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.882	−0.008%	$27.3M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.903	+0.155%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.882	−0.008%	$124.3M	$14.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.885	+0.016%	$32.9M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.889	+0.047%	$22.7M	$13.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.884	+0.008%	$54.0M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.883	0.000%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	+0.109%	$338K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.916	+0.258%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.916	+0.260%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.242%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.912	+0.225%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.890	+0.054%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.881	−0.012%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.896	+0.103%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.886	+0.023%	$9K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.876	−0.054%	$632K	$677K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.882	−0.010%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.886	+0.027%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.893	+0.078%	$918K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0161%	1h	12.890	+0.052%	$788K	$215K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	+0.093%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0246%	1h	12.888	+0.040%	$6.6M	$8.2M	50x
Hyperliquid LINK	+0.0298%	1h	12.898	+0.117%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERPlong	+0.0393%	1h	12.883	long leg	$4K	—	20x
Phemex LINKUSDT	+0.0569%	8h	12.904	+0.163%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0781%	1h	12.892	+0.069%	$342K	$32K	10x	as long as short