LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRnext payment +$1.04 per $10,000 · paid last 24h +0.006%

Price spread now: Bitget against Orderly+0.039%7-day average −0.041% · you sell dearer than you buy

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.039%, 7d avg −0.041%

Together, before fees−0.115%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.079% dearer against Orderly than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	12.840	−0.0004	get 0.0004% / 8h	1h 34m	$93K	$1.1M	20x
Short	Bitget LINKUSDT	12.845	0.0100	get 0.0100% / 8h	1h 34m	$53.8M	$30.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.039%Rate

Funding earned: $21.85
Price spread: +0.039% → −0.041%: $7.95
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $11.79
Costs to cover: 0.180%
Break-even: 3.2 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.39 bp	7.3 bp −$7	14.5 bp −$145	25.2 bp −$2,521	doesn't fit

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 −0.0089% / S +0.0166%	1h	12.853	+0.100%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDClong	−0.0004%	8h	12.840	long leg	$93K	$1.1M	20x
Kalshi KXLINKPERP	0.0000%	8h	12.854	+0.109%	$512K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.847	+0.055%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.427%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.874	+0.266%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.849	+0.071%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.846	+0.045%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.848	+0.058%	$349K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.853	+0.103%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.852	+0.093%	$274K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.852	+0.093%	$118.6M	$301.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.846	+0.047%	$83.0M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.847	+0.055%	$26.9M	$80.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.866	+0.202%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.847	+0.055%	$123.8M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.850	+0.078%	$34.2M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.849	+0.070%	$22.7M	$12.9M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	12.845	+0.039%	$53.8M	$30.5M	75x
BingX LINK-USDC	+0.0100%	8h	12.850	+0.078%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.849	+0.072%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.870	+0.235%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.866	+0.203%	$581K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.873	+0.257%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.848	+0.062%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.852	+0.093%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.861	+0.162%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.847	+0.055%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.820	−0.156%	$629K	$787K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.840	+0.004%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.848	+0.066%	$539K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0109%	1h	12.857	+0.132%	$335K	$388K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.848	+0.062%	$931K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0194%	1h	12.850	+0.081%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.856	+0.125%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0335%	1h	12.866	+0.202%	$80.2M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.843	+0.020%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0435%	1h	12.854	+0.109%	$804K	$266K	50x	as long as short
Phemex LINKUSDT	+0.0587%	8h	12.866	+0.202%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0942%	1h	12.851	+0.084%	$342K	$33K	10x	as long as short