LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h −0.022%

Price spread now: gTrade (Gains Network) against Orderly−0.011%57s7-day average −0.019% · you buy dearer than you sell

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

Long on Orderly Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.011%, 7d avg −0.019%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 57 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	12.957	0.0056	pay 0.0056% / 8h	4h 16m	$117K	$1.2M	20x
Short	gTrade (Gains Network) LINK/USD	12.956	L +0.0004% / S −0.0009%	get 0.0001% / 1h	16m 28s	$159K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.011%Rate

Funding earned: −$9.79
Price spread: −0.011% → −0.019%: $0.86
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$24.93
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 38 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 gTrade (Gains Network) virtual book (oracle venue), 38 min ago	130.05 bp	142.5 bp −$143	1049.3 bp −$10.5K	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 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	12.962	+0.040%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.961	+0.030%	$520K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0009%	1h	12.956	−0.011%	$159K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.299%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDClong	+0.0056%	8h	12.957	long leg	$117K	$1.2M	20x
Lighter LINK	+0.0096%	1h	12.961	+0.027%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.947	−0.077%	$941K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.944	−0.104%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.956	−0.005%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.953	−0.035%	$392K	$310K	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	12.961	+0.031%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.961	+0.034%	$275K	$177K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.956	−0.006%	$119.9M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.954	−0.023%	$83.6M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.955	−0.015%	$27.4M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.972	+0.116%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.957	0.000%	$128.2M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.956	−0.008%	$32.7M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.962	+0.039%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.961	+0.031%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.955	−0.015%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.974	+0.131%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.939	−0.138%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.948	−0.070%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.946	−0.082%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.956	−0.008%	$132K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.962	+0.039%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.958	+0.009%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+0.117%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.962	+0.039%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.931	−0.204%	$635K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.952	−0.042%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.963	+0.049%	$544K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.960	+0.023%	$4.6M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0221%	1h	12.967	+0.078%	$780K	$202K	50x	as long as short
Hyperliquid LINK	+0.0376%	1h	12.973	+0.123%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.953	−0.031%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.965	+0.064%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0417%	1h	12.965	+0.060%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0531%	8h	12.976	+0.147%	$20.0M	$11.4M	50x	as long as short