LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.89 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against Orderly+0.140%7-day average −0.019% · you sell dearer than you buy

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

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.140%, 7d avg −0.019%

Together, before fees−0.233%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.159% dearer against Orderly than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	12.889	0.0011	pay 0.0011% / 8h	1h 50m	$94K	$1.2M	20x
Short	MEXC LINK_USDT	12.907	0.0100	get 0.0100% / 8h	1h 50m	$33.4M	$57.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.140%Rate

Funding earned: $18.66
Price spread: +0.140% → −0.019%: $15.88
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: $28.54
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; MEXC: 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 MEXC live order book, 3 min ago	0.39 bp	0.4 bp $0	3.7 bp −$37	26.1 bp −$2,614	48.1 bp −$24.0K

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	12.898	+0.071%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.903	+0.110%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.896	+0.054%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDClong	+0.0011%	8h	12.889	long leg	$94K	$1.2M	20x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.794%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.893	+0.034%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.907	+0.140%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.907	+0.139%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.883	−0.047%	$349K	$339K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.904	+0.119%	$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	12.907	+0.140%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.908	+0.146%	$119.0M	$301.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.904	+0.116%	$83.3M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.906	+0.132%	$27.0M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.921	+0.248%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.904	+0.116%	$124.1M	$15.2M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.907	+0.140%	$33.4M	$57.7M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.907	+0.140%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.904	+0.116%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.905	+0.124%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.890	+0.011%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.892	+0.025%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.894	+0.038%	$585K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.897	+0.062%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.901	+0.093%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.895	+0.048%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.896	+0.057%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.896	+0.054%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.877	−0.091%	$631K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.903	+0.109%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.899	+0.077%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.914	+0.194%	$933K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0134%	1h	12.907	+0.140%	$336K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.900	+0.089%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.891	+0.016%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0262%	1h	12.903	+0.111%	$807K	$259K	50x	as long as short
Hyperliquid LINK	+0.0318%	1h	12.922	+0.256%	$80.6M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.894	+0.039%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0573%	8h	12.899	+0.078%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0954%	1h	12.901	+0.095%	$344K	$33K	10x	as long as short