LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.56 per $10,000 · paid last 24h +0.009%

Price spread now: Orderly against Gate−0.068%7-day average +0.035% · you buy dearer than you sell

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 3 days (all we have)+0.182%+$18 · spread now −0.068%, 7d avg +0.035%

Together, before fees+0.275%+$28 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 0.103% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.094%, 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	Gate LINK_USDT	13.150	0.0100	pay 0.0100% / 8h	2h 22m	$130.7M	$12.7M	75x
Short	Orderly PERP_LINK_USDC	13.141	0.0044	get 0.0044% / 8h	2h 22m	$135K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now −0.068%Rate

Funding earned: −$11.75
Price spread: −0.068% → +0.035%: −$10.33
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$43.08
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	1.90 bp	15.1 bp −$15	24.1 bp −$241	35.7 bp −$3,568	77.0 bp −$38.5K
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 −0.0092% / S +0.0166%	1h	13.147	−0.026%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.154	+0.030%	$467K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.148	−0.018%	$713K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.148	−0.015%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.152	+0.011%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0019%	1h	13.151	+0.009%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.703%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDCshort	+0.0044%	8h	13.141	−0.068%	$135K	$1.6M	20x
Variational Omni LINK	+0.0076%	8h	13.148	−0.015%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.156	+0.044%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.148	−0.014%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.158	+0.061%	$400K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.167	+0.129%	$77.8M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.154	+0.029%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.153	+0.023%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.152	+0.016%	$121.6M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.157	+0.053%	$84.7M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.160	+0.076%	$27.8M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.168	+0.137%	$185K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.150	long leg	$130.7M	$12.7M	75x
MEXC LINK_USDT	+0.0100%	8h	13.155	+0.038%	$36.8M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.153	+0.023%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.154	+0.030%	$54.4M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.156	+0.046%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.144	−0.042%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	−0.027%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.147	−0.023%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.152	+0.015%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.143	−0.054%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.160	+0.079%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.146	−0.030%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.139	−0.084%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.153	+0.027%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.148	−0.012%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.153	+0.023%	$989K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0118%	1h	13.154	+0.030%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.149	−0.008%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.144	−0.046%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.156	+0.046%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.154	+0.033%	$7.0M	$7.8M	50x	as long as short