LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.53 per $10,000 · paid last 24h +0.006%

Price spread now: Orderly against Bybit−0.030%7-day average +0.053% · you buy dearer than you sell

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)+0.074%+$7 · spread now −0.030%, 7d avg +0.053%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.083% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.053%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.199	0.0100	pay 0.0100% / 8h	7h 34m	$85.1M	$70.8M	75x
Short	Orderly PERP_LINK_USDC	13.195	0.0047	get 0.0047% / 8h	7h 34m	$133K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now −0.030%Rate

Funding earned: −$11.1
Price spread: −0.030% → +0.053%: −$8.32
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$36.41
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 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 Bybit live order book, 4 min ago	0.38 bp	6.6 bp −$7	12.6 bp −$126	34.8 bp −$3,476	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	13.194	−0.040%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.206	+0.055%	$476K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.202	+0.021%	$783K	$209K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.195	−0.027%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.053%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.229	+0.228%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDCshort	+0.0047%	8h	13.195	−0.030%	$133K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.197	−0.013%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.203	+0.030%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.191	−0.064%	$404K	$308K	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	13.207	+0.064%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.206	+0.056%	$277K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.201	+0.015%	$122.7M	$302.6M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.199	long leg	$85.1M	$70.8M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.199	0.000%	$27.9M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	+0.152%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.200	+0.008%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.202	+0.023%	$36.9M	$58.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.205	+0.045%	$22.9M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.201	+0.015%	$54.9M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.201	+0.015%	—	$21.1M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.213	+0.109%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	+0.038%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.182	−0.129%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.220	+0.159%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.196	−0.023%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.197	−0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.212	+0.096%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.196	−0.023%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.193	−0.049%	$649K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.197	−0.015%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.199	0.000%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.210	+0.083%	$1.0M	$2.7M	50x	as long as short
dYdX LINK-USD	+0.0193%	1h	13.205	+0.049%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0203%	1h	13.211	+0.091%	$369K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	+0.008%	$5.2M	$16.1M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.203	+0.029%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.188	−0.086%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0435%	8h	13.212	+0.098%	$20.5M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0583%	1h	13.222	+0.174%	$81.6M	$24.8M	10x	as long as short