LINK

Alert

Funding spread now, next payment 19:00 UTC−0.0531%/8h

next payment, per $10,000−$0.66paid, last 24h−0.079%paid, last 3 days−0.076%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 -0.076% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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	12.883	0.0364	pay 0.0045% / 1h	50m 29s	$4K	$400	20x
Short	Kraken Futures PF_LINKUSD	12.882	−0.0167	pay 0.0021% / 1h	50m 29s	$6.0M	$6.5M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee Kraken FuturesbpOrdersRate

Funding earned: −$111.52
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$127.52
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.003%
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 Kraken Futures live order book, 5 min ago	1.95 bp	12.0 bp −$12	14.8 bp −$148	49.0 bp −$4,904	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
Bybit LINKUSDT	−0.0199%	8h	$82.3M	$64.0M	75x	as long as short
Kraken Futures PF_LINKUSDshort	−0.0167%	1h	$6.0M	$6.5M	50x
Variational Omni LINK	−0.0125%	8h	$3.2M	$1.2M	—	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0165%	1h	$1.7M	—	200x	as long as short
OKX LINK-USDT-SWAP	−0.0030%	8h	$26.7M	$84.7M	50x	as long as short
Phoenix LINK	−0.0012%	1h	$6K	$68K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	$341K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$684K	$106K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	$163K	—	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International LINK-PERP-INTX	+0.0008%	1h	$992K	$2.7M	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
MEXC LINK_USDT	+0.0040%	8h	$33.1M	$55.4M	300x	as long as short
Binance LINKUSDT	+0.0042%	8h	$116.7M	$288.7M	75x	as long as short
Gate LINK_USDT	+0.0063%	8h	$129.4M	$12.1M	75x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$142K	$1.7M	20x	as long as short
Bitget LINKUSDT	+0.0086%	8h	$53.7M	$29.3M	75x	as long as short
BingX LINK-USDT	+0.0086%	8h	—	$24.6M	—	as long as short
Paradex LINK-USD-PERP	+0.0086%	8h	$31K	$2K	20x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$542K	$340	3x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.3M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$425K	$282K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.3M	$22.2M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$272K	$166K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$180K	$126K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.2M	$16.6M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$350K	$373K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$307K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$129K	$650K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$77K	$56K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$24K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	$4K	$39K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	$624K	$928K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$651K	$1.8M	25x	as long as short
BloFin LINK-USDT	+0.0161%	8h	$5.2M	$13.9M	75x	as long as short
Reya LINKRUSDPERPlong	+0.0364%	1h	$4K	$400	20x
Phemex LINKUSDT	+0.0372%	8h	$20.1M	$11.2M	50x	as long as short