LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0002%/8h= +0.3% APRpaid last 24h +0.023%

Price spread now: Orderly against gTrade (Gains Network)−0.075%7-day average +0.018% · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.075%, 7d avg +0.018%

Together, before fees+0.165%+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.092% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.875	L +0.0004% / S −0.0005%	pay 0.0001% / 1h	47m 24s	$156K	—	150x
Short	Orderly PERP_LINK_USDC	12.865	0.0007	get 0.0007% / 8h	1h 47m	$94K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee OrderlybpOrdersPrice spread, now −0.075%Rate

Funding earned: $0.49
Price spread: −0.075% → +0.018%: −$9.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$24.72
Costs to cover: 0.160%
Break-even: 363.4 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 57 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 gTrade (Gains Network) virtual book (oracle venue), 57 min ago	130.04 bp	141.1 bp −$141	963.5 bp −$9,635	10292.5 bp −$1.03M	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	12.872	−0.017%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.897	+0.174%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0005%	1h	12.875	long leg	$156K	—	150x
Orderly PERP_LINK_USDCshort	+0.0007%	8h	12.865	−0.075%	$94K	$1.1M	20x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.686%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.892	+0.133%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.883	+0.064%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.876	+0.013%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.885	+0.085%	$349K	$339K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.877	+0.021%	$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	12.883	+0.065%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.872	−0.020%	$118.7M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.870	−0.036%	$83.1M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.872	−0.020%	$26.9M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.891	+0.127%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.875	+0.003%	$123.9M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.874	−0.005%	$34.4M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.883	+0.065%	$22.7M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.874	−0.005%	$53.8M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.874	−0.005%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.890	+0.123%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.892	+0.138%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.894	+0.148%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.893	+0.143%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.882	+0.057%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.885	+0.082%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.899	+0.186%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.885	+0.081%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.876	+0.011%	$631K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.873	−0.009%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.889	+0.109%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.893	+0.143%	$931K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0138%	1h	12.893	+0.142%	$806K	$259K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0140%	1h	12.894	+0.151%	$336K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.891	+0.124%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.893	+0.143%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0322%	1h	12.891	+0.127%	$80.4M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.870	−0.035%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0575%	8h	12.903	+0.221%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0840%	1h	12.880	+0.044%	$343K	$33K	10x	as long as short