LINK

Alert

Funding spread now, next payment 15:00 UTC−0.0255%/8h

next payment, per $10,000−$0.32paid, last 24h−0.066%paid, last 3 days−0.009%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.009% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	13.036	0.0355	pay 0.0044% / 1h	3m 39s	$4K	$400	20x
Short	Backpack LINK_USDC_PERP	13.054	0.0100	get 0.0013% / 1h	3m 39s	$388K	$359K	15x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee BackpackbpOrdersRate

Funding earned: −$53.54
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$69.54
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 51 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.138%
Avg gap 7d: —

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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 51 min ago	0.38 bp	7.0 bp −$7	425.7 bp −$4,257	doesn't fit	doesn't fit

Reya: 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
GMX LINK/USD [LINK-USDC]	L −0.0083% / S +0.0155%	1h	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0074%	1h	$4K	$41K	10x	as long as short
SoDEX LINK-USD	−0.0013%	1h	$8K	$45K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	−0.0011%	1h	$704K	$77K	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$345K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$450K	$2.2M	3.7x	as long as short
Gate LINK_USDT	+0.0002%	8h	$132.8M	$12.8M	75x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0007%	1h	$177K	—	150x	as long as short
Variational Omni LINK	+0.0009%	8h	$3.3M	$1.2M	—	as long as short
Kraken Futures PF_LINKUSD	+0.0015%	1h	$6.1M	$6.7M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit LINKUSDT	+0.0028%	8h	$80.6M	$61.4M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$106K	12x	as long as short
Paradex LINK-USD-PERP	+0.0044%	8h	$32K	$2K	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0056%	1h	$964K	$2.6M	50x	as long as short
Binance LINKUSDT	+0.0062%	8h	$118.8M	$282.7M	75x	as long as short
MEXC LINK_USDT	+0.0064%	8h	$35.4M	$57.9M	300x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$3.0M	10x	as long as short
Aevo LINK-PERP	+0.0096%	1h	$549K	$340	3x	as long as short
Orderly PERP_LINK_USDC	+0.0099%	8h	$222K	$1.5M	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	$432K	$363K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$79.1M	$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	$169K	10x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	$27.6M	$89.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	$184K	$197K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.4M	$17.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	—	$19.4M	—	as long as short
Backpack LINK_USDC_PERPshort	+0.0100%	1h	$388K	$359K	15x
edgeX LINKUSDC	+0.0100%	4h	$43K	$311K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$655K	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	$647K	$1.2M	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$681K	$1.9M	25x	as long as short
BloFin LINK-USDT	+0.0185%	8h	$5.2M	$10.5M	75x	as long as short
Phemex LINKUSDT	+0.0339%	8h	$20.4M	$11.3M	50x	as long as short
Reya LINKRUSDPERPlong	+0.0355%	1h	$4K	$400	20x