LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.47 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against Orderly+0.008%7-day average −0.033% · you sell dearer than you buy

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

Long on Orderly Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.008%, 7d avg −0.033%

Together, before fees−0.157%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.040% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	12.888	0.0053	pay 0.0053% / 8h	3h 00m	$115K	$1.1M	20x
Short	Gate LINK_USDT	12.889	0.0100	get 0.0100% / 8h	3h 00m	$124.3M	$14.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.008%Rate

Funding earned: $9.92
Price spread: +0.008% → −0.033%: $4.04
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.04
Costs to cover: 0.210%
Break-even: 12.0 days

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	1.16 bp	20.0 bp −$20	27.1 bp −$271	35.4 bp −$3,535	75.4 bp −$37.7K

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	12.889	+0.009%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	+0.063%	$483K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.892	+0.029%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.786%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDClong	+0.0053%	8h	12.888	long leg	$115K	$1.1M	20x
Phoenix LINK	+0.0074%	1h	12.922	+0.263%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.892	+0.033%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.888	−0.001%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.883	−0.035%	$389K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.893	+0.038%	$1.2M	$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	12.890	+0.019%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.894	+0.045%	$119.5M	$300.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.889	+0.008%	$83.3M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.890	+0.016%	$27.3M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.163%	$180K	$167K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.889	+0.008%	$124.3M	$14.7M	75x
MEXC LINK_USDT	+0.0100%	8h	12.893	+0.039%	$33.0M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.897	+0.070%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.891	+0.023%	$54.2M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.891	+0.023%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.899	+0.085%	$338K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.884	−0.029%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	+0.090%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.203%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.896	+0.062%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.900	+0.093%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.888	+0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.905	+0.134%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.892	+0.031%	$9K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.878	−0.077%	$632K	$677K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.889	+0.008%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.893	+0.039%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.899	+0.085%	$918K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	+0.054%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0239%	1h	12.899	+0.085%	$788K	$215K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.894	+0.050%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0298%	1h	12.906	+0.140%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.893	+0.039%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0569%	8h	12.910	+0.171%	$20.0M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0785%	1h	12.884	−0.031%	$342K	$32K	10x	as long as short