LINK

Alert

Funding spread now, next payment 18:00 UTC−0.0267%/8h

next payment, per $10,000−$0.33paid, last 24h−0.072%paid, last 3 days−0.179%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.796	0.0363	pay 0.0045% / 1h	10m 06s	$4K	$400	20x
Short	Lighter LINK	12.798	0.0096	get 0.0012% / 1h	10m 06s	$2.0M	$2.4M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee LighterbpOrdersRate

Funding earned: −$56.05
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$62.05
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.014%
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 Lighter live order book, 3 min ago	2.13 bp	2.6 bp −$3	8.2 bp −$82	64.8 bp −$6,483	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	−0.0330%	1h	$6.0M	$6.4M	50x	as long as short
Bybit LINKUSDT	−0.0193%	8h	$81.9M	$63.5M	75x	as long as short
Variational Omni LINK	−0.0113%	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
Phoenix LINK	−0.0080%	1h	$6K	$46K	10x	as long as short
OKX LINK-USDT-SWAP	−0.0030%	8h	$26.6M	$84.7M	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$339K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$465K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$680K	$104K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0001%	1h	$85K	—	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC LINK_USDT	+0.0032%	8h	$31.7M	$57.6M	300x	as long as short
Binance LINKUSDT	+0.0033%	8h	$117.1M	$288.3M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
Gate LINK_USDT	+0.0035%	8h	$128.7M	$12.1M	75x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$142K	$1.7M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$988K	$2.6M	50x	as long as short
Paradex LINK-USD-PERP	+0.0078%	8h	$31K	$2K	20x	as long as short
BingX LINK-USDC	+0.0086%	8h	—	$6.6M	—	as long as short
Bitget LINKUSDT	+0.0087%	8h	$53.4M	$29.3M	75x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$539K	$340	3x	as long as short
Lighter LINKshort	+0.0096%	1h	$2.0M	$2.4M	10x
SoDEX LINK-USD	+0.0097%	1h	$6K	$37K	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$425K	$304K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$74.9M	$22.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$271K	$165K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$180K	$128K	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	$347K	$377K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$308K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$130K	$648K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$76K	$56K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$24K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.5M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	$623K	$946K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$648K	$1.8M	25x	as long as short
BloFin LINK-USDT	+0.0130%	8h	$5.1M	$13.5M	75x	as long as short
Reya LINKRUSDPERPlong	+0.0363%	1h	$4K	$400	20x
Phemex LINKUSDT	+0.0446%	8h	$19.9M	$11.2M	50x	as long as short