LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0289%/8h= −31.6% APRnext payment −$0.36 per $10,000 · paid last 24h −0.090%

Price spread now: SoDEX against Reya−0.168%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on SoDEX

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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SoDEX is 0.168% cheaper against Reya than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.907	0.0389	pay 0.0049% / 1h	44m 25s	$4K	—	20x
Short	SoDEX LINK-USD	12.885	0.0100	get 0.0013% / 1h	44m 25s	$11K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$60.65
Price spread: −0.168% → 0.000%: −$16.81
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$91.46
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—

Reya and SoDEX: 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	12.912	+0.043%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	−0.082%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.914	+0.054%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.926%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0060%	8h	12.912	+0.041%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.904	−0.024%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.885	−0.168%	$938K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.925	+0.142%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.898	−0.066%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.912	+0.037%	$390K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.909	+0.017%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.902	−0.039%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.916	+0.068%	$119.4M	$297.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.910	+0.026%	$83.3M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.908	+0.010%	$27.2M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.915	+0.064%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.913	+0.049%	$127.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.912	+0.041%	$32.1M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.914	+0.057%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.909	+0.018%	$53.7M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.911	+0.033%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	−0.075%	$337K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	−0.221%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.875	−0.244%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.885	−0.168%	$580K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.880	−0.207%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.914	+0.057%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.907	0.000%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.902	−0.038%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.885	−0.168%	$11K	$63K	10x
HTX LINK-USDT	+0.0100%	8h	12.864	−0.328%	$630K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.903	−0.028%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.912	+0.041%	$541K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0107%	1h	12.892	−0.111%	$770K	$190K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.885	−0.168%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0364%	1h	12.927	+0.157%	$80.9M	$27.5M	10x	as long as short
Reya LINKRUSDPERPlong	+0.0389%	1h	12.907	long leg	$4K	—	20x
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.887	−0.150%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0595%	1h	12.899	−0.058%	$342K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0608%	8h	12.904	−0.021%	$19.9M	$11.4M	50x	as long as short