LINK

Alert

Funding spread now, next payment 15:00 UTC−0.0012%/8h

paid, last 24h−0.006%paid, last 7 days−0.072%to open and closeno order book

Long on Orderly Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	13.065	0.0100	pay 0.0100% / 8h	48m 21s	$222K	$1.5M	20x
Short	Coinbase International LINK-PERP-INTX	13.097	0.0088	get 0.0011% / 1h	48m 21s	$1.0M	$2.7M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Coinbase InternationalbpOrdersRate

Funding earned: −$2.49
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.49
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.245%
Avg gap 7d: −0.011%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 2 min ago	3.44 bp	13.2 bp −$13	16.4 bp −$164	doesn't fit	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 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSD	−0.0172%	1h	$6.1M	$6.6M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	−0.0124%	1h	$706K	$78K	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0084% / S +0.0156%	1h	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0062%	1h	$3K	$47K	10x	as long as short
Variational Omni LINK	−0.0005%	8h	$3.3M	$1.2M	—	as long as short
dYdX LINK-USD	0.0000%	1h	$346K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$452K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0007%	1h	$178K	—	150x	as long as short
Gate LINK_USDT	+0.0004%	8h	$132.9M	$12.3M	75x	as long as short
Bybit LINKUSDT	+0.0014%	8h	$80.8M	$60.9M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX LINK-USD	+0.0021%	1h	$8K	$45K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$106K	12x	as long as short
Paradex LINK-USD-PERP	+0.0041%	8h	$32K	$2K	20x	as long as short
MEXC LINK_USDT	+0.0060%	8h	$34.0M	$56.3M	300x	as long as short
Binance LINKUSDT	+0.0061%	8h	$119.0M	$283.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0083%	8h	$27.7M	$90.3M	50x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0088%	1h	$1.0M	$2.7M	50x
Lighter LINK	+0.0096%	1h	$2.0M	$2.0M	10x	as long as short
Aevo LINK-PERP	+0.0096%	1h	$551K	$340	3x	as long as short
Orderly PERP_LINK_USDClong	+0.0100%	8h	$222K	$1.5M	20x
Nado LINK-PERP	+0.0100%	1h	$437K	$360K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$79.3M	$20.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$273K	$168K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$184K	$197K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$17.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	—	$19.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$312K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$654K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$74K	$44K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$28K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.6M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	$648K	$1.1M	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$685K	$1.9M	25x	as long as short
Backpack LINK_USDC_PERP	+0.0119%	1h	$389K	$359K	15x	as long as short
BloFin LINK-USDT	+0.0181%	8h	$5.2M	$10.8M	75x	as long as short
Phemex LINKUSDT	+0.0308%	8h	$20.4M	$11.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0356%	1h	$4K	$400	20x	as long as short