LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0171%/8h= −18.7% APRnext payment −$1.71 per $10,000 · paid last 24h −0.006%

Price spread now: Orderly against KuCoin−0.109%7-day average +0.019% · you buy dearer than you sell

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.109%, 7d avg +0.019%

Together, before fees+0.218%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 0.128% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.071%, 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	KuCoin LINKUSDTM	12.849	0.0100	pay 0.0100% / 8h	35m 13s	$22.7M	$12.2M	75x
Short	Orderly PERP_LINK_USDC	12.835	−0.0071	pay 0.0071% / 8h	35m 13s	$90K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now −0.109%Rate

Funding earned: −$35.91
Price spread: −0.109% → +0.019%: −$12.79
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$66.7
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	0.78 bp	15.1 bp −$15	24.5 bp −$245	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 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 −0.0087% / S +0.0165%	1h	12.845	−0.034%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDCshort	−0.0071%	8h	12.835	−0.109%	$90K	$1.1M	20x
Kalshi KXLINKPERP	0.0000%	8h	12.837	−0.090%	$502K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.842	−0.058%	$154K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0007%	1h	12.849	−0.001%	$804K	$268K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.494%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.862	+0.102%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.845	−0.029%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.846	−0.024%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.842	−0.051%	$345K	$344K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.862	+0.101%	$80.4M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.852	+0.025%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.851	+0.013%	$273K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.851	+0.016%	$118.7M	$299.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.848	−0.008%	$83.1M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.851	+0.016%	$27.0M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.862	+0.101%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.848	−0.008%	$132.5M	$17.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.853	+0.031%	$34.6M	$58.2M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.849	long leg	$22.7M	$12.2M	75x
Bitget LINKUSDT	+0.0100%	8h	12.847	−0.016%	$53.8M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.850	+0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.858	+0.070%	$334K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.851	+0.016%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.862	+0.101%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.887	+0.294%	$585K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.864	+0.117%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.848	−0.008%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.841	−0.064%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.856	+0.055%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.846	−0.023%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.845	−0.034%	$628K	$778K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0103%	1h	12.854	+0.037%	$6.4M	$8.5M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.839	−0.078%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.848	−0.011%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.875	+0.202%	$929K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.851	+0.016%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0400%	1h	12.841	−0.066%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0558%	8h	12.865	+0.125%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0578%	1h	12.852	+0.020%	$342K	$45K	10x	as long as short