LINK

Alert

Funding spread now, next payment 18:00 UTC−0.0262%/8h

next payment, per $10,000−$0.33paid, last 24h−0.019%paid, last 3 days−0.012%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 -0.012% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 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	12.868	0.0362	pay 0.0045% / 1h	34m 44s	$4K	$400	20x
Short	Hyperliquid LINK	12.874	0.0100	get 0.0013% / 1h	34m 44s	$75.5M	$21.9M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee HyperliquidbpOrdersRate

Funding earned: −$54.97
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$69.97
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 10 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.044%
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 Hyperliquid live order book, 10 min ago	0.39 bp	7.3 bp −$7	10.9 bp −$109	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
Kraken Futures PF_LINKUSD	−0.0328%	1h	$6.0M	$6.6M	50x	as long as short
Bybit LINKUSDT	−0.0117%	8h	$81.7M	$61.4M	75x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0092% / S +0.0164%	1h	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0090%	8h	$3.2M	$1.2M	—	as long as short
Phoenix LINK	−0.0080%	1h	$3K	$46K	10x	as long as short
OKX LINK-USDT-SWAP	−0.0042%	8h	$26.8M	$85.5M	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$341K	$60K	10x	as long as short
Extended LINK-USD	0.0000%	1h	$666K	$1.8M	25x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$459K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	$174K	—	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC LINK_USDT	+0.0020%	8h	$31.2M	$56.7M	300x	as long as short
Binance LINKUSDT	+0.0023%	8h	$117.8M	$285.4M	75x	as long as short
Gate LINK_USDT	+0.0023%	8h	$130.1M	$11.7M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
SoDEX LINK-USD	+0.0058%	1h	$8K	$36K	10x	as long as short
Paradex LINK-USD-PERP	+0.0062%	8h	$31K	$2K	20x	as long as short
HTX LINK-USDT	+0.0064%	8h	$621K	$975K	75x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$138K	$1.7M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$986K	$2.6M	50x	as long as short
BloFin LINK-USDT	+0.0083%	8h	$5.2M	$13.0M	75x	as long as short
BingX LINK-USDT	+0.0087%	8h	—	$19.8M	—	as long as short
Bitget LINKUSDT	+0.0088%	8h	$53.6M	$29.1M	75x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$542K	$340	3x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.4M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$424K	$302K	10x	as long as short
Hyperliquid LINKshort	+0.0100%	1h	$75.5M	$21.9M	10x
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$270K	$162K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$181K	$186K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.0M	$16.6M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$350K	$378K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$307K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$130K	$650K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$77K	$55K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$27K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.5M	30x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0185%	1h	$684K	$106K	50x	as long as short
Reya LINKRUSDPERPlong	+0.0362%	1h	$4K	$400	20x
Phemex LINKUSDT	+0.0393%	8h	$20.1M	$11.3M	50x	as long as short