LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0371%/8h= −40.7% APRnext payment −$0.46 per $10,000 · paid last 24h −0.102%

Price spread now: gTrade (Gains Network) against Reya+0.028%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 gTrade (Gains Network)

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. gTrade (Gains Network) is 0.028% dearer against Reya than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	13.219	0.0378	pay 0.0047% / 1h	41m 27s	$5K	—	20x
Short	gTrade (Gains Network) LINK/USD	13.223	L +0.0004% / S −0.0007%	get 0.0001% / 1h	41m 27s	$135K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.028%Rate

Funding earned: −$78
Price spread: +0.028% → 0.000%: $2.84
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$91.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 33 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 gTrade (Gains Network) virtual book (oracle venue), 33 min ago	130.05 bp	142.5 bp −$143	1049.2 bp −$10.5K	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 −0.0091% / S +0.0167%	1h	13.223	+0.028%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.220	+0.006%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.208	−0.080%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0007%	1h	13.223	+0.028%	$135K	—	150x
Phoenix LINK	+0.0012%	1h	13.217	−0.014%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.195%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0042%	8h	13.219	0.000%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.214	−0.039%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.213	−0.041%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.210	−0.071%	$403K	$311K	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	13.217	−0.014%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.217	−0.012%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.221	+0.016%	$123.1M	$304.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.219	0.000%	$85.3M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.217	−0.015%	$27.9M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.233	+0.106%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.220	+0.008%	$131.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.220	+0.008%	$37.0M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.221	+0.016%	$22.6M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.220	+0.008%	$55.0M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.221	+0.016%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.249	+0.226%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.246	+0.206%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.221	+0.016%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.250	+0.235%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.224	+0.038%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.204	−0.117%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.220	+0.007%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.204	−0.113%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.207	−0.093%	$650K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.216	−0.021%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.218	−0.006%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.242	+0.174%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.229	+0.076%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0296%	1h	13.237	+0.137%	$78.3M	$24.0M	10x	as long as short
dYdX LINK-USD	+0.0307%	1h	13.209	−0.073%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0334%	1h	13.219	0.000%	$365K	$379K	15x	as long as short
Reya LINKRUSDPERPlong	+0.0378%	1h	13.219	long leg	$5K	—	20x
Phemex LINKUSDT	+0.0474%	8h	13.226	+0.053%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0475%	1h	13.215	−0.028%	$7.0M	$8.2M	50x	as long as short