LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0295%/8h= −32.3% APRnext payment −$0.37 per $10,000 · paid last 24h −0.079%

Price spread now: Pacifica against Reya+0.079%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 Pacifica

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 · Pacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Pacifica is 0.079% dearer against Reya than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.847	0.0395	pay 0.0049% / 1h	33m 50s	$4K	—	20x
Short	Pacifica LINK	12.857	0.0100	get 0.0013% / 1h	33m 50s	$274K	$186K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.079%Rate

Funding earned: −$61.89
Price spread: +0.079% → 0.000%: $7.9
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$67.99
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Pacifica: live order book, 14 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 Pacifica live order book, 14 min ago	4.64 bp	9.7 bp −$10	doesn't fit	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 −0.0089% / S +0.0166%	1h	12.846	−0.009%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.873	+0.204%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.848	+0.010%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.480%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0047%	8h	12.842	−0.040%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.887	+0.314%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.846	−0.009%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.855	+0.060%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.854	+0.054%	$343K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.841	−0.047%	$1.2M	$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 LINKshort	+0.0100%	1h	12.857	+0.079%	$274K	$186K	10x
Binance LINKUSDT	+0.0100%	8h	12.837	−0.079%	$118.4M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.833	−0.110%	$82.8M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.835	−0.094%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.872	+0.194%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.840	−0.055%	$123.8M	$14.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.839	−0.063%	$32.9M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.847	−0.001%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.833	−0.110%	$53.6M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.838	−0.071%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.851	+0.030%	$335K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	+0.198%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.869	+0.174%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.880	+0.256%	$589K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.877	+0.233%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.857	+0.077%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.844	−0.025%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.866	+0.145%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.847	−0.001%	$10K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.846	−0.008%	$630K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.834	−0.105%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.849	+0.015%	$539K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0124%	1h	12.851	+0.033%	$788K	$233K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.866	+0.147%	$915K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.892	+0.349%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0226%	1h	12.850	+0.022%	$80.0M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.848	+0.005%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERPlong	+0.0395%	1h	12.847	long leg	$4K	—	20x
Phemex LINKUSDT	+0.0591%	8h	12.861	+0.108%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0793%	1h	12.860	+0.097%	$343K	$33K	10x	as long as short