LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against Orderly−0.220%50s7-day average −0.053% · you buy dearer than you sell

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.220%, 7d avg −0.053%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.167% cheaper against Orderly than usual: you would sell low and buy high (spread −0.220% now, against its 7-day average of −0.053%). If the spread goes back, that is −$17 on $10k: about 19 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.084%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	13.174	0.0070	pay 0.0070% / 8h	7h 06m	$133K	$1.5M	20x
Short	Bybit LINKUSDT	13.145	0.0100	get 0.0100% / 8h	7h 06m	$84.7M	$70.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.220%Rate

Funding earned: $6.31
Price spread: −0.220% → −0.053%: −$16.73
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.42
Costs to cover: 0.170%
Break-even: 37.4 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.38 bp	9.6 bp −$10	13.8 bp −$138	34.1 bp −$3,406	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 −0.0091% / S +0.0167%	1h	13.174	0.000%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	+0.062%	$464K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.175	+0.008%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.875%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.189	+0.114%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0069%	1h	13.181	+0.055%	$783K	$212K	50x	as long as short
Orderly PERP_LINK_USDClong	+0.0070%	8h	13.174	long leg	$133K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.158	−0.123%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.220	+0.353%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.156	−0.133%	$403K	$307K	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	13.160	−0.103%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.161	−0.097%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.147	−0.205%	$122.0M	$297.7M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	13.145	−0.220%	$84.7M	$70.5M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.147	−0.205%	$27.5M	$83.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.169	−0.038%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.156	−0.137%	$130.3M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.154	−0.152%	$36.4M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.161	−0.099%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.151	−0.175%	$54.5M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.152	−0.167%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.035%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.193	+0.147%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.076%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.199	+0.190%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.178	+0.030%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.174	−0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.189	+0.116%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	−0.008%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	−0.049%	$649K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.145	−0.222%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.176	+0.015%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.183	+0.068%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0162%	1h	13.180	+0.046%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.169	−0.038%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.181	+0.054%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.169	−0.034%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0430%	1h	13.158	−0.124%	$348K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0486%	8h	13.190	+0.121%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0547%	1h	13.174	0.000%	$81.4M	$25.0M	10x	as long as short