LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.59 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against Orderly+0.023%7-day average −0.039% · you sell dearer than you buy

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.023%, 7d avg −0.039%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.062% dearer against Orderly than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	13.118	0.0041	pay 0.0041% / 8h	1h 26m	$133K	$1.5M	20x
Short	BingX LINK-USDC	13.121	0.0100	get 0.0100% / 8h	1h 26m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $12.33
Price spread: +0.023% → −0.039%: $6.16
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $2.49
Costs to cover: 0.160%
Break-even: 5.6 days

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 11 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 BingX live order book, 11 min ago	0.76 bp	12.9 bp −$13	21.7 bp −$217	83.2 bp −$8,322	443.0 bp −$221.5K

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 −0.0090% / S +0.0167%	1h	13.119	+0.009%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.123	+0.039%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.141	+0.172%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.118	+0.002%	$716K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.123	+0.036%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.473%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.111	−0.053%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDClong	+0.0041%	8h	13.118	long leg	$133K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.115	−0.023%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.111	−0.056%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.121	+0.027%	$401K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.135	+0.130%	$77.4M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.123	+0.040%	$1.5M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.121	+0.024%	$275K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.112	−0.044%	$121.6M	$302.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.111	−0.053%	$84.5M	$70.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.108	−0.076%	$27.6M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.132	+0.107%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.121	+0.023%	$130.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.114	−0.030%	$36.4M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.115	−0.023%	$22.4M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.111	−0.053%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	13.121	+0.023%	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.116	−0.016%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.123	+0.037%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	+0.137%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.133	+0.114%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.123	+0.038%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.115	−0.023%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.129	+0.084%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.112	−0.046%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.109	−0.066%	$644K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.111	−0.052%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.117	−0.011%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.120	+0.015%	$989K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0184%	1h	13.132	+0.107%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.132	+0.107%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.119	+0.011%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0476%	8h	13.132	+0.107%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0697%	1h	13.120	+0.016%	$6.9M	$8.1M	50x	as long as short