LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.103%

Price spread now: Reya against Deribit−0.093%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 0.093% cheaper against Deribit than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 44 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	12.967	0.0221	pay 0.0028% / 1h	16m 36s	$780K	$202K	50x
Short	Reya LINKRUSDPERP	12.955	0.0390	get 0.0049% / 1h	16m 36s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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 DeribitbpFee ReyabpOrdersPrice spread, now −0.093%Rate

Funding earned: $35.5
Price spread: −0.093% → 0.000%: −$9.35
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $13.15
Costs to cover: 0.130%
Break-even: 4.4 days

Slippage unknown: Deribit: live order book, 42 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 Deribit live order book, 42 min ago	4.64 bp	8.1 bp −$8	doesn't fit	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 −0.0089% / S +0.0166%	1h	12.962	−0.038%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.961	−0.048%	$520K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.961	−0.049%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.373%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0056%	8h	12.957	−0.078%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.961	−0.051%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.947	−0.155%	$941K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.944	−0.182%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.956	−0.083%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.957	−0.074%	$392K	$310K	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	12.965	−0.015%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.961	−0.044%	$275K	$177K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.960	−0.053%	$120.0M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.953	−0.109%	$83.6M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.953	−0.109%	$27.4M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.972	+0.038%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.957	−0.078%	$128.2M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.959	−0.062%	$32.7M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.964	−0.024%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.960	−0.055%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.955	−0.093%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.974	+0.053%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.939	−0.216%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.948	−0.148%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.946	−0.160%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.956	−0.086%	$132K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.962	−0.039%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.958	−0.068%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+0.039%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.962	−0.039%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.931	−0.281%	$635K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.952	−0.120%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.963	−0.029%	$544K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.960	−0.055%	$4.6M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUALlong	+0.0221%	1h	12.967	long leg	$780K	$202K	50x
Hyperliquid LINK	+0.0376%	1h	12.976	+0.069%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERPshort	+0.0390%	1h	12.955	−0.093%	$4K	—	20x
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.965	−0.014%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0417%	1h	12.965	−0.017%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0531%	8h	12.976	+0.069%	$20.0M	$11.4M	50x	as long as short