LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0300%/8h= −32.8% APRnext payment −$0.37 per $10,000 · paid last 24h −0.080%

Price spread now: Nado against Reya+0.092%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 Nado

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 · Nado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.092% dearer against Reya than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.898	0.0400	pay 0.0050% / 1h	40m 42s	$4K	—	20x
Short	Nado LINK-PERP	12.910	0.0100	get 0.0012% / 1h	40m 42s	$353K	$340K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.092%Rate

Funding earned: −$62.98
Price spread: +0.092% → 0.000%: $9.22
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$66.76
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Nado: live order book, 62 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 Nado live order book, 62 min ago	1.16 bp	7.9 bp −$8	20.3 bp −$203	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 −0.0087% / S +0.0165%	1h	12.905	+0.051%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0064%	8h	12.898	−0.003%	$91K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.920	+0.166%	$507K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.912	+0.109%	$808K	$268K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.905	+0.049%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.864%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.920	+0.170%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.896	−0.014%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.895	−0.029%	$31K	$2K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	12.910	+0.092%	$353K	$340K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.907	+0.067%	$80.8M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.903	+0.036%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.898	−0.005%	$274K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.896	−0.016%	$119.1M	$298.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.893	−0.042%	$83.3M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.891	−0.057%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.911	+0.098%	$180K	$95K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.902	+0.028%	$133.4M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.898	−0.003%	$34.4M	$58.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.902	+0.028%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.891	−0.057%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.893	−0.042%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.911	+0.098%	$335K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.900	+0.013%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.910	+0.093%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.917	+0.144%	$587K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.921	+0.176%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.912	+0.106%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.903	+0.034%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.919	+0.163%	$34K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.905	+0.052%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.891	−0.055%	$630K	$778K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.905	+0.052%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.896	−0.022%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.908	+0.071%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.922	+0.183%	$931K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.907	+0.067%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERPlong	+0.0400%	1h	12.898	long leg	$4K	—	20x
dYdX LINK-USD	+0.0498%	1h	12.899	+0.007%	$344K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0552%	8h	12.922	+0.183%	$20.0M	$11.4M	50x	as long as short