LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0301%/8h= +33.0% APRnext payment +$0.38 per $10,000 · paid last 24h +0.080%

Price spread now: Reya against Arcus−0.242%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Reya

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 · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.242% cheaper against Arcus than usual: you would sell low and buy high (spread −0.242% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 2.7 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.899	0.0100	pay 0.0013% / 1h	15m 19s	$180K	$99K	10x
Short	Reya LINKRUSDPERP	12.868	0.0401	get 0.0050% / 1h	15m 19s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Arcus. 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 ArcusbpFee ReyabpOrdersPrice spread, now −0.242%Rate

Funding earned: $63.23
Price spread: −0.242% → 0.000%: −$24.2
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Reya: 3 bp × 2 orders: −$6
Net: $28.52
Costs to cover: 0.105%
Break-even: 3.8 days

Slippage unknown: Arcus: live order book, 23 min ago; Reya: 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 Arcus live order book, 23 min ago	12.42 bp	15.9 bp −$16	26.6 bp −$266	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	12.878	−0.166%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0087%	8h	12.871	−0.217%	$90K	$1.0M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.888	−0.084%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.879	−0.156%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.869%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.884	−0.114%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.885	−0.112%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.881	−0.143%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.877	−0.167%	$348K	$344K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.883	−0.124%	$80.4M	$28.1M	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	12.881	−0.142%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.884	−0.114%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.879	−0.152%	$119.0M	$299.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.871	−0.217%	$83.3M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.876	−0.178%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.899	long leg	$180K	$99K	10x
Gate LINK_USDT	+0.0100%	8h	12.877	−0.171%	$132.4M	$17.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.877	−0.171%	$34.5M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.882	−0.132%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.870	−0.225%	$53.8M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.875	−0.186%	—	$23.3M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.886	−0.101%	$335K	$386K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.871	−0.221%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.874	−0.197%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.868	−0.237%	$577K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.860	−0.302%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.878	−0.163%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.865	−0.262%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.899	+0.001%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.880	−0.147%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.867	−0.251%	$629K	$776K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.880	−0.144%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.874	−0.190%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.881	−0.139%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.832	−0.519%	$929K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.878	−0.163%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0239%	1h	12.885	−0.109%	$806K	$268K	50x	as long as short
Reya LINKRUSDPERPshort	+0.0401%	1h	12.868	−0.242%	$4K	—	20x
Phemex LINKUSDT	+0.0547%	8h	12.894	−0.039%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0612%	1h	12.883	−0.126%	$343K	$45K	10x	as long as short