LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0299%/8h= +32.8% APRnext payment +$0.37 per $10,000 · paid last 24h +0.054%

Price spread now: Reya against Kraken Futures−0.042%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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 0.042% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	12.899	0.0102	pay 0.0013% / 1h	10m 45s	$6.4M	$8.4M	50x
Short	Reya LINKRUSDPERP	12.894	0.0401	get 0.0050% / 1h	10m 45s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.042%Rate

Funding earned: $62.82
Price spread: −0.042% → 0.000%: −$4.18
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $42.64
Costs to cover: 0.160%
Break-even: 2.2 days

Slippage unknown: Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	2.71 bp	11.0 bp −$11	13.2 bp −$132	35.8 bp −$3,577	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
Orderly PERP_LINK_USDC	−0.0091%	8h	12.887	−0.095%	$90K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.896	−0.024%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.900	+0.006%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.893	−0.047%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.871%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.886	−0.105%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.896	−0.025%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.895	−0.032%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.896	−0.022%	$348K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.904	+0.036%	$80.5M	$28.1M	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	12.901	+0.017%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.899	−0.002%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.901	+0.017%	$119.2M	$298.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.896	−0.026%	$83.5M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.902	+0.021%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.917	+0.137%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.895	−0.033%	$134.0M	$18.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.904	+0.036%	$34.5M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.905	+0.044%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.899	−0.002%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.893	−0.049%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.905	+0.044%	$335K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.886	−0.104%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.879	−0.159%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.891	−0.061%	$585K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.899	−0.002%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.901	+0.013%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.885	−0.111%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.915	+0.123%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.895	−0.033%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.848	−0.398%	$629K	$766K	75x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0102%	1h	12.899	long leg	$6.4M	$8.4M	50x
Extended LINK-USD	+0.0104%	1h	12.888	−0.088%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.897	−0.018%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.901	+0.013%	$932K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.902	+0.021%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0332%	1h	12.901	+0.010%	$807K	$268K	50x	as long as short
Reya LINKRUSDPERPshort	+0.0401%	1h	12.894	−0.042%	$4K	—	20x
Phemex LINKUSDT	+0.0543%	8h	12.912	+0.098%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0559%	1h	12.894	−0.044%	$343K	$45K	10x	as long as short