Funding you earn now, next payment 16:00 UTC+0.0285%/8h= +31.2% APRnext payment +$2.85 per $10,000 · paid last 24h +0.026%
Price spread now: HTX against Orderly−0.128%7-day average −0.097% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.128%, 7d avg −0.097%
=Funding pays, the price is against you. HTX is 0.030% cheaper against Orderly than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.097%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.029% in total) that is about 7.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.85 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_LINK_USDC | 12.932 | −0.0200 | get 0.0200% / 8h | 5h 48m | $85K | $868K | 20x |
| Short | HTX LINK-USDT | 12.915 | 0.0085 | get 0.0085% / 8h | 5h 48m | $606K | $674K | 75x |
Orderly PERP_LINK_USDC
HTX LINK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $59.88
- Price spread: −0.128% → −0.097%
- −$3.05
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $38.84
- Costs to cover
- 0.180%
- Break-even
- 2.5 days
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 63 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 HTX live order book, 63 min ago | 16.96 bp | 35.2 bp −$35 | 205.4 bp −$2,054 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LINK_USDClong | −0.0200% | 8h | 12.932 | long leg | $85K | $868K | 20x | |
| GMX LINK/USD [LINK-USDC] | L −0.0087% / S +0.0165% | 1h | 12.950 | +0.138% | $1.8M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 12.950 | +0.138% | $488K | $2.0M | 3.7x | as long as short |
| Phoenix LINK | 0.0000% | 1h | 12.948 | +0.124% | $3K | $81K | 10x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0001% | 1h | 12.957 | +0.197% | $115K | — | 150x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −4.114% | $4K | $48K | 12x | as long as short |
| SoDEX LINK-USD | +0.0054% | 1h | 12.942 | +0.077% | $11K | $61K | 10x | as long as short |
| HTX LINK-USDTshort | +0.0085% | 8h | 12.915 | −0.128% | $606K | $674K | 75x | |
| Variational Omni LINK | +0.0090% | 8h | 12.938 | +0.048% | $3.4M | $1.8M | — | as long as short |
| Lighter LINK | +0.0096% | 1h | 12.934 | +0.019% | $1.9M | $2.3M | 10x | as long as short |
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
Phoenix LINK
gTrade (Gains Network) LINK/USD
Injective LINK/USDC PERP
SoDEX LINK-USD
Variational Omni LINK
Lighter LINKShow all 39 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex LINK-USD-PERP | +0.0100% | 8h | 12.932 | −0.001% | $31K | $600 | 20x | as long as short |
| Nado LINK-PERP | +0.0100% | 1h | 12.934 | +0.019% | $348K | $279K | 10x | as long as short |
| Hyperliquid LINK | +0.0100% | 1h | 12.950 | +0.139% | $81.5M | $25.2M | 10x | as long as short |
| Aster LINKUSDT | +0.0100% | 8h | 12.942 | +0.081% | $1.4M | $2.5M | 50x | as long as short |
| Pacifica LINK | +0.0100% | 1h | 12.938 | +0.048% | $274K | $152K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 12.934 | +0.017% | $120.0M | $267.0M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 12.933 | +0.008% | $83.7M | $66.5M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 12.939 | +0.054% | $27.3M | $73.6M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 12.952 | +0.155% | $183K | $83K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 12.935 | +0.023% | $133.7M | $17.2M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 12.939 | +0.054% | $36.1M | $54.7M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 12.939 | +0.054% | $22.9M | $11.8M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 12.935 | +0.023% | $54.2M | $26.3M | 75x | as long as short |
| BingX LINK-USDC | +0.0100% | 8h | 12.937 | +0.039% | — | $6.5M | — | as long as short |
| Backpack LINK_USDC_PERP | +0.0100% | 1h | 12.951 | +0.147% | $334K | $351K | 15x | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 12.941 | +0.068% | $43K | $308K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 12.956 | +0.182% | $587K | $3.1M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 12.951 | +0.147% | $132K | $669K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 12.941 | +0.070% | $82K | $64K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 12.952 | +0.154% | $34K | $1.2M | 30x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 12.930 | −0.014% | $628K | $1.9M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 12.943 | +0.081% | $543K | $2K | 3x | as long as short |
| Kraken Futures PF_LINKUSD | +0.0173% | 1h | 12.946 | +0.110% | $6.5M | $7.4M | 50x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0200% | 1h | 12.951 | +0.147% | $973K | $3.2M | 50x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 12.945 | +0.101% | $5.4M | $15.2M | 75x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.0322% | 1h | 12.951 | +0.144% | $891K | $359K | 50x | as long as short |
| Reya LINKRUSDPERP | +0.0408% | 1h | 12.940 | +0.061% | $4K | — | 20x | as long as short |
| dYdX LINK-USD | +0.0408% | 1h | 12.936 | +0.032% | $348K | $34K | 10x | as long as short |
| Phemex LINKUSDT | +0.0436% | 8h | 12.958 | +0.201% | $20.0M | $10.2M | 50x | as long as short |
Paradex LINK-USD-PERP
Nado LINK-PERP
Hyperliquid LINK
Aster LINKUSDT
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDC
Backpack LINK_USDC_PERP
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
SunX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Kraken Futures PF_LINKUSD
Coinbase International LINK-PERP-INTX
BloFin LINK-USDT
Deribit LINK_USDC-PERPETUAL
Reya LINKRUSDPERP
dYdX LINK-USD
Phemex LINKUSDT