LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0298%/8h= +32.6% APRnext payment +$0.37 per $10,000 · paid last 24h −0.043%

Price spread now: dYdX against Reya+0.192%46s7-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 dYdX

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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and dYdX is 0.192% dearer against Reya than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.925	0.0398	pay 0.0050% / 1h	21m 45s	$4K	—	20x
Short	dYdX LINK-USD	12.949	0.0696	get 0.0087% / 1h	21m 45s	$345K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.192%Rate

Funding earned: $62.58
Price spread: +0.192% → 0.000%: $19.15
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: $65.73
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; dYdX: live order book, 22 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 dYdX live order book, 22 min ago	46.36 bp	147.0 bp −$147	147.1 bp −$1,471	161.5 bp −$16.1K	212.4 bp −$106.2K

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 −0.0087% / S +0.0165%	1h	12.931	+0.047%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0016%	8h	12.924	−0.004%	$94K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.936	+0.087%	$512K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.929	+0.033%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.059%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.931	+0.051%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.949	+0.191%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.945	+0.160%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.925	+0.007%	$354K	$341K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.948	+0.179%	$1.3M	$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	12.949	+0.188%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.950	+0.197%	$119.5M	$301.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.943	+0.143%	$83.6M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.944	+0.151%	$27.1M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.948	+0.181%	$181K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.942	+0.135%	$124.6M	$15.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.948	+0.181%	$34.7M	$58.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.945	+0.158%	$22.8M	$12.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.942	+0.135%	$54.2M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.943	+0.143%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.909	−0.118%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.881	−0.334%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.891	−0.260%	$581K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.886	−0.298%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.934	+0.073%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.852	−0.562%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.948	+0.183%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.927	+0.019%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.918	−0.052%	$631K	$789K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.935	+0.080%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.930	+0.038%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.943	+0.143%	$937K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0129%	1h	12.934	+0.072%	$809K	$266K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0134%	1h	12.936	+0.089%	$337K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.929	+0.034%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.923	−0.012%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0322%	1h	12.955	+0.236%	$80.9M	$27.8M	10x	as long as short
Reya LINKRUSDPERPlong	+0.0398%	1h	12.925	long leg	$4K	—	20x
Phemex LINKUSDT	+0.0572%	8h	12.944	+0.151%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USDshort	+0.0696%	1h	12.949	+0.192%	$345K	$45K	10x