LINK

Alert

Funding spread now, next payment 17:00 UTC+0.0291%/8h

next payment, per $10,000+$0.36paid, last 24h+0.076%paid, last 3 days+0.103%to open and closeno order book

Long on Coinbase International Short on Reya

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.856	0.0072	pay 0.0009% / 1h	14m 03s	$987K	$2.6M	50x
Short	Reya LINKRUSDPERP	12.840	0.0363	get 0.0045% / 1h	14m 03s	$4K	$400	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ReyabpOrdersRate

Funding earned: $61.06
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $45.06
Break-even: 1.8 days

Slippage unknown: Coinbase International: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.124%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 1 min ago	3.11 bp	11.4 bp −$11	15.6 bp −$156	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 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSD	−0.0329%	1h	$6.0M	$6.3M	50x	as long as short
Bybit LINKUSDT	−0.0195%	8h	$82.1M	$62.3M	75x	as long as short
Variational Omni LINK	−0.0109%	8h	$3.2M	$1.2M	—	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0094% / S +0.0165%	1h	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0080%	1h	$3K	$46K	10x	as long as short
OKX LINK-USDT-SWAP	−0.0033%	8h	$26.8M	$84.3M	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$340K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$455K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0001%	1h	$86K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0007%	1h	$682K	$104K	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate LINK_USDT	+0.0026%	8h	$129.2M	$12.1M	75x	as long as short
MEXC LINK_USDT	+0.0031%	8h	$32.4M	$57.4M	300x	as long as short
Binance LINKUSDT	+0.0032%	8h	$117.6M	$285.5M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$141K	$1.7M	20x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0072%	1h	$987K	$2.6M	50x
Paradex LINK-USD-PERP	+0.0076%	8h	$31K	$2K	20x	as long as short
Bitget LINKUSDT	+0.0086%	8h	$53.4M	$28.8M	75x	as long as short
BingX LINK-USDC	+0.0086%	8h	—	$6.6M	—	as long as short
Aevo LINK-PERP	+0.0088%	1h	$540K	$340	3x	as long as short
SoDEX LINK-USD	+0.0090%	1h	$8K	$36K	10x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.4M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$422K	$299K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.3M	$21.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$272K	$165K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$181K	$130K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.1M	$16.5M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$349K	$377K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$308K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$130K	$648K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$76K	$56K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$27K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.5M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	$621K	$928K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$667K	$1.8M	25x	as long as short
BloFin LINK-USDT	+0.0125%	8h	$5.1M	$13.5M	75x	as long as short
Reya LINKRUSDPERPshort	+0.0363%	1h	$4K	$400	20x
Phemex LINKUSDT	+0.0437%	8h	$20.0M	$11.1M	50x	as long as short