LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.59 per $10,000 · paid last 24h −0.005%

Price spread now: Binance against Orderly−0.098%7-day average −0.027% · you buy dearer than you sell

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.098%, 7d avg −0.027%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.071% cheaper against Orderly than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.027%). If the spread goes back, that is −$7 on $10k: about 4.0 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	13.226	0.0041	pay 0.0041% / 8h	42m 55s	$134K	$1.5M	20x
Short	Binance LINKUSDT	13.213	0.0100	get 0.0100% / 8h	42m 55s	$123.1M	$304.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now −0.098%Rate

Funding earned: $12.43
Price spread: −0.098% → −0.027%: −$7.08
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.65
Costs to cover: 0.160%
Break-even: 13.0 days

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 16 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 16 min ago	0.38 bp	6.4 bp −$6	11.8 bp −$118	39.4 bp −$3,945	118.9 bp −$59.5K

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 −0.0091% / S +0.0167%	1h	13.230	+0.029%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.245	+0.141%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.228	+0.013%	$725K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.230	+0.033%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.267	+0.312%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.245%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDClong	+0.0041%	8h	13.226	long leg	$134K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.220	−0.045%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.238	+0.091%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.238	+0.091%	$405K	$311K	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	13.223	−0.026%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.248	+0.167%	$278K	$150K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.213	−0.098%	$123.1M	$304.0M	75x
Bybit LINKUSDT	+0.0100%	8h	13.212	−0.106%	$85.3M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.214	−0.091%	$27.9M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.256	+0.227%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.219	−0.053%	$131.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.215	−0.083%	$36.8M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.221	−0.038%	$22.6M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.209	−0.129%	$55.0M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.216	−0.076%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.249	+0.173%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.246	+0.153%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.251	+0.190%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.250	+0.181%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.238	+0.091%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.223	−0.020%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.240	+0.107%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.219	−0.053%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.229	+0.026%	$651K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.213	−0.101%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.228	+0.018%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.242	+0.121%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.229	+0.023%	$5.3M	$17.3M	75x	as long as short
dYdX LINK-USD	+0.0221%	1h	13.248	+0.167%	$351K	$48K	10x	as long as short
Hyperliquid LINK	+0.0293%	1h	13.228	+0.015%	$78.3M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0348%	1h	13.229	+0.023%	$365K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.230	+0.034%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.240	+0.106%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0475%	1h	13.227	+0.006%	$7.0M	$8.2M	50x	as long as short