LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0228%/8h= −25.0% APRnext payment −$2.28 per $10,000 · paid last 24h −0.010%

Price spread now: Orderly against Variational Omni−0.087%7-day average +0.044% · you buy dearer than you sell

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$2 on $10k

Price spread, last 4 days (all we have)+0.385%+$38 · spread now −0.087%, 7d avg +0.044%

Together, before fees+0.409%+ Points / potential airdropVariational Omni: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.130% cheaper against Variational Omni than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.025% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	13.065	0.0100	pay 0.0100% / 8h	7h 05m	$3.4M	$1.8M	—
Short	Orderly PERP_LINK_USDC	13.054	−0.0128	pay 0.0128% / 8h	7h 05m	$91K	$916K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Variational Omni. 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 Variational OmnibpFee OrderlybpOrdersPrice spread, now −0.087%Rate

Funding earned: −$47.97
Price spread: −0.087% → +0.044%: −$13.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$67.01
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	3.10 bp	doesn't fit	7.7 bp −$77	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 39 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
Orderly PERP_LINK_USDCshort	−0.0128%	8h	13.054	−0.087%	$91K	$916K	20x
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	13.071	+0.042%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.072	+0.047%	$501K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	13.070	+0.035%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.092%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	13.065	−0.001%	$6.5M	$8.3M	50x	as long as short
Phoenix LINK	+0.0087%	1h	13.062	−0.024%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.060	−0.041%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.064	−0.013%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.053	−0.091%	$351K	$315K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	13.065	−0.003%	$81.6M	$27.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.067	+0.011%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.064	−0.007%	$278K	$172K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.057	−0.062%	$120.7M	$287.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.058	−0.056%	$84.6M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.059	−0.049%	$27.5M	$77.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.078	+0.097%	$183K	$86K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.058	−0.056%	$135.2M	$18.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.060	−0.041%	$36.3M	$60.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.066	+0.005%	$23.2M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.055	−0.079%	$54.6M	$28.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.059	−0.049%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.064	−0.010%	$339K	$371K	15x	as long as short
Variational Omni LINKlong	+0.0100%	8h	13.065	long leg	$3.4M	$1.8M	—
edgeX LINKUSDC	+0.0100%	4h	13.057	−0.064%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.057	−0.065%	$591K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.066	+0.005%	$134K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.062	−0.026%	$83K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.068	+0.017%	$34K	$1.3M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.061	−0.033%	$15K	$59K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.037	−0.215%	$626K	$679K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.055	−0.079%	$624K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.062	−0.023%	$548K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	13.050	−0.117%	$937K	$3.2M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0194%	1h	13.066	+0.009%	$872K	$322K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.062	−0.026%	$5.3M	$16.1M	75x	as long as short
Phemex LINKUSDT	+0.0262%	8h	13.074	+0.066%	$20.2M	$11.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0404%	1h	13.052	−0.103%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0869%	1h	13.069	+0.027%	$351K	$48K	10x	as long as short