LINK

Alert

Funding spread now, next payment 17:00 UTC+0.0077%/8h

paid, last 24h+0.033%paid, last 7 days+0.234%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	12.945	0	get 0.0000% / 1h	17m 30s	$692K	$86K	50x
Short	Orderly PERP_LINK_USDC	12.940	0.0077	get 0.0077% / 8h	7h 17m	$142K	$1.7M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee OrderlybpOrdersRate

Funding earned: $16.19
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $3.19
Break-even: 5.6 days

Slippage unknown: Deribit: live order book, 28 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.037%
Avg gap 7d: +0.028%

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 Deribit live order book, 28 min ago	3.85 bp	9.6 bp −$10	16.3 bp −$163	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSD	−0.0388%	1h	$6.0M	$6.8M	50x	as long as short
SoDEX LINK-USD	−0.0125%	1h	$8K	$38K	10x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0161%	1h	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0064%	8h	$3.2M	$1.2M	—	as long as short
Phoenix LINK	−0.0061%	1h	$3K	$49K	10x	as long as short
Extended LINK-USD	−0.0056%	1h	$672K	$1.8M	25x	as long as short
HTX LINK-USDT	−0.0037%	8h	$632K	$968K	75x	as long as short
OKX LINK-USDT-SWAP	−0.0016%	8h	$27.1M	$90.9M	50x	as long as short
Bybit LINKUSDT	−0.0013%	8h	$80.2M	$59.5M	75x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$456K	$2.2M	3.7x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit LINK_USDC-PERPETUALlong	0.0000%	1h	$692K	$86K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	$189K	—	150x	as long as short
MEXC LINK_USDT	+0.0025%	8h	$32.9M	$57.9M	300x	as long as short
Binance LINKUSDT	+0.0026%	8h	$118.7M	$288.7M	75x	as long as short
dYdX LINK-USD	+0.0029%	1h	$343K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$75K	12x	as long as short
Paradex LINK-USD-PERP	+0.0042%	8h	$31K	$2K	20x	as long as short
Gate LINK_USDT	+0.0050%	8h	$130.8M	$12.0M	75x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$999K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDCshort	+0.0077%	8h	$142K	$1.7M	20x
Aevo LINK-PERP	+0.0088%	1h	$544K	$340	3x	as long as short
Lighter LINK	+0.0096%	1h	$1.9M	$2.0M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$427K	$350K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$76.5M	$22.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$271K	$165K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$183K	$189K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$17.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$53.9M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	—	$20.4M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$362K	$368K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$311K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$131K	$655K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$78K	$51K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$28K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.6M	30x	as long as short
BloFin LINK-USDT	+0.0110%	8h	$5.2M	$13.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0360%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDT	+0.0520%	8h	$20.1M	$11.2M	50x	as long as short