LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0303%/8h= −33.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.081%

Price spread now: Derive against Reya−0.006%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.823	0.0403	pay 0.0050% / 1h	29m 58s	$4K	—	20x
Short	Derive LINK-PERP	12.822	0.0100	get 0.0013% / 1h	29m 58s	$16K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.006%Rate

Funding earned: −$63.66
Price spread: −0.006% → 0.000%: −$0.62
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Derive: 3 bp × 2 orders: −$6
Net: −$76.28
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Derive: no order-book sample. 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 Derive no order-book sample	—	—	—	—	—

Reya and Derive: 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
Orderly PERP_LINK_USDC	−0.0117%	8h	12.821	−0.016%	$90K	$972K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.829	+0.047%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.838	+0.116%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.828	+0.038%	$105K	—	150x	as long as short
Bybit LINKUSDT	+0.0014%	8h	12.826	+0.023%	$83.0M	$72.9M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.299%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.830	+0.051%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.863	+0.311%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.827	+0.033%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.823	+0.002%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.821	−0.016%	$347K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.834	+0.085%	$80.1M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.833	+0.078%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.824	+0.007%	$273K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.832	+0.070%	$118.5M	$296.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.826	+0.023%	$26.9M	$79.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.842	+0.148%	$179K	$100K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.828	+0.039%	$132.9M	$17.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.825	+0.015%	$35.6M	$58.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.832	+0.070%	$22.8M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.826	+0.023%	$53.6M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.825	+0.015%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.836	+0.101%	$333K	$386K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.832	+0.073%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.848	+0.191%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.871	+0.374%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.851	+0.218%	$131K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.829	+0.046%	$82K	$70K	10x	as long as short
Derive LINK-PERPshort	+0.0100%	1h	12.822	−0.006%	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	12.840	+0.134%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.831	+0.062%	$10K	$59K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.822	−0.011%	$626K	$710K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.818	−0.042%	$614K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.828	+0.039%	$538K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0109%	1h	12.833	+0.078%	$803K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.873	+0.389%	$926K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.840	+0.132%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERPlong	+0.0403%	1h	12.823	long leg	$4K	—	20x
Phemex LINKUSDT	+0.0627%	8h	12.841	+0.140%	$19.8M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.1475%	1h	12.830	+0.054%	$345K	$49K	10x	as long as short