LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0172%/8h= −18.8% APRnext payment −$1.72 per $10,000 · paid last 24h −0.037%

Price spread now: Orderly against BloFin−0.155%52s7-day average +0.024% · you buy dearer than you sell

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

Long on BloFin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.198%−$20 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.155%, 7d avg +0.024%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 0.179% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.024%). Swap the legs. The two prices were read 52 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	BloFin LINK-USDT	12.926	0.0220	pay 0.0220% / 8h	3h 22m	$5.2M	$15.7M	75x
Short	Orderly PERP_LINK_USDC	12.906	0.0048	get 0.0048% / 8h	3h 22m	$117K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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 BloFinbpFee OrderlybpOrdersPrice spread, now −0.155%Rate

Funding earned: −$36.08
Price spread: −0.155% → +0.024%: −$17.91
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$71.99
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 11 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 BloFin live order book, 11 min ago	1.15 bp	7.4 bp −$7	10.4 bp −$104	25.5 bp −$2,554	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 −0.0089% / S +0.0166%	1h	12.910	−0.120%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.935	+0.073%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.911	−0.119%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.069%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDCshort	+0.0048%	8h	12.906	−0.155%	$117K	$1.1M	20x
Phoenix LINK	+0.0074%	1h	12.946	+0.152%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.907	−0.151%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.901	−0.192%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.903	−0.178%	$390K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.913	−0.099%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.909	−0.128%	$275K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.910	−0.124%	$119.8M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.907	−0.147%	$83.3M	$72.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.909	−0.132%	$27.3M	$80.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.919	−0.054%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.904	−0.170%	$127.8M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.912	−0.108%	$32.6M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.912	−0.108%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.907	−0.147%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.913	−0.101%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.925	−0.008%	$340K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.938	+0.094%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.952	+0.199%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.938	+0.096%	$586K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.955	+0.224%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.918	−0.062%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.925	−0.009%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.940	+0.110%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.926	0.000%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.918	−0.061%	$634K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.893	−0.256%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.910	−0.124%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.936	+0.077%	$920K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0145%	1h	12.932	+0.049%	$785K	$210K	50x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	12.926	long leg	$5.2M	$15.7M	75x
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.930	+0.029%	$6.6M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0317%	1h	12.926	0.000%	$80.8M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.908	−0.141%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0548%	8h	12.940	+0.108%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0884%	1h	12.914	−0.096%	$343K	$31K	10x	as long as short