LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0223%/8h= −24.4% APRnext payment −$0.28 per $10,000 · paid last 24h −0.103%

Price spread now: Deribit against Reya+0.077%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.077% dearer against Reya than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.953	0.0390	pay 0.0049% / 1h	16m 04s	$4K	—	20x
Short	Deribit LINK_USDC-PERPETUAL	12.963	0.0167	get 0.0021% / 1h	16m 04s	$779K	$202K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Reya. 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 ReyabpFee DeribitbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$46.85
Price spread: +0.077% → 0.000%: $7.66
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$52.19
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 43 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 Reya no order-book sample	—	—	—	—	—
Sell Deribit live order book, 43 min ago	4.64 bp	8.1 bp −$8	doesn't fit	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 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	12.954	+0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.964	+0.082%	$520K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.956	+0.020%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.269%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0056%	8h	12.953	0.000%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.955	+0.019%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.970	+0.131%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.944	−0.073%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.956	+0.026%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.953	−0.004%	$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	12.960	+0.054%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.961	+0.065%	$275K	$177K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.954	+0.006%	$119.9M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.950	−0.023%	$83.5M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.950	−0.023%	$27.4M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.972	+0.147%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.953	0.000%	$128.1M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.957	+0.031%	$32.7M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.959	+0.046%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.950	−0.023%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.952	−0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.960	+0.054%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.949	−0.029%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.948	−0.039%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.946	−0.051%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.956	+0.023%	$132K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.962	+0.070%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.955	+0.013%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.971	+0.136%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.958	+0.039%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.954	+0.006%	$636K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.952	−0.011%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.959	+0.046%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUALshort	+0.0167%	1h	12.963	+0.077%	$779K	$202K	50x
BloFin LINK-USDT	+0.0220%	8h	12.960	+0.054%	$4.6M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0375%	1h	12.965	+0.093%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERPlong	+0.0390%	1h	12.953	long leg	$4K	—	20x
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.959	+0.048%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0417%	1h	12.965	+0.092%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0533%	8h	12.971	+0.139%	$20.0M	$11.4M	50x	as long as short