LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.8% APRnext payment −$0.34 per $10,000 · paid last 24h −0.006%

Price spread now: Orderly against SunX−0.276%57s7-day average −0.074% · you buy dearer than you sell

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

Long on SunX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 3 days (all we have)+0.197%+$20 · spread now −0.276%, 7d avg −0.074%

Together, before fees+0.185%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.202% cheaper against SunX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.074%). Swap the legs. The two prices were read 57 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	SunX LINK-USDT	13.174	0.0100	pay 0.0100% / 8h	7h 19m	$34K	$1.5M	30x
Short	Orderly PERP_LINK_USDC	13.138	0.0066	get 0.0066% / 8h	7h 19m	$133K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SunX. 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 SunXbpFee OrderlybpOrdersPrice spread, now −0.276%Rate

Funding earned: −$7.23
Price spread: −0.276% → −0.074%: −$20.16
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$41.39
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; Orderly: 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 SunX live order book, 6 min ago	13.63 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	13.160	−0.109%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.179	+0.033%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.148	−0.200%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.877%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	−0.052%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0061%	1h	13.169	−0.040%	$782K	$211K	50x	as long as short
Orderly PERP_LINK_USDCshort	+0.0066%	8h	13.138	−0.276%	$133K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.148	−0.199%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.212	+0.283%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.146	−0.211%	$403K	$307K	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	13.151	−0.180%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.151	−0.180%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.148	−0.197%	$122.2M	$300.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.143	−0.238%	$84.7M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.140	−0.260%	$27.5M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.164	−0.078%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.149	−0.192%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.153	−0.162%	$36.8M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.154	−0.154%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.148	−0.200%	$54.7M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.152	−0.169%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	−0.129%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	−0.149%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	−0.121%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	−0.124%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.154	−0.154%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.162	−0.090%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.174	long leg	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.162	−0.093%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.145	−0.222%	$647K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.141	−0.256%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.166	−0.064%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	−0.116%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.167	−0.055%	$364K	$367K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	−0.071%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	−0.016%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.150	−0.188%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0419%	1h	13.146	−0.217%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0557%	1h	13.169	−0.040%	$81.3M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0650%	8h	13.178	+0.028%	$20.4M	$11.6M	50x	as long as short