LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0284%/8h= +31.0% APRnext payment +$0.35 per $10,000 · paid last 24h +0.090%

Price spread now: Reya against SoDEX−0.026%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Reya

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

Funding pays, the price is against you. Reya is 0.026% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LINK-USD	12.939	0.0100	pay 0.0013% / 1h	39m 08s	$14K	$44K	10x
Short	Reya LINKRUSDPERP	12.936	0.0384	get 0.0048% / 1h	39m 08s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SoDEX. 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 SoDEXbpFee ReyabpOrdersPrice spread, now −0.026%Rate

Funding earned: $59.54
Price spread: −0.026% → 0.000%: −$2.62
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $42.92
Costs to cover: 0.140%
Break-even: 2.0 days

Slippage unknown: SoDEX: no order-book sample; Reya: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

SoDEX and 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 −0.0090% / S +0.0167%	1h	12.933	−0.047%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.934	−0.036%	$471K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.935	−0.027%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.166%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.906	−0.251%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.931	−0.062%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.938	−0.008%	$951K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.937	−0.017%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.980	+0.319%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.931	−0.060%	$393K	$323K	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	12.938	−0.004%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.922	−0.135%	$274K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.940	+0.010%	$119.1M	$307.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.938	−0.008%	$83.4M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.939	0.000%	$27.1M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.924	−0.116%	$181K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.937	−0.015%	$127.8M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.941	+0.015%	$33.0M	$58.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.943	+0.031%	$22.5M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.939	0.000%	$53.9M	$31.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.938	−0.008%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.950	+0.085%	$337K	$398K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.929	−0.073%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.997	+0.452%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	−0.002%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.009	+0.541%	$133K	$683K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.940	+0.008%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.931	−0.061%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.952	+0.099%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	12.939	long leg	$14K	$44K	10x
HTX LINK-USDT	+0.0100%	8h	12.927	−0.090%	$638K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.931	−0.058%	$658K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.937	−0.018%	$542K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	+0.502%	$5.3M	$15.9M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0222%	1h	12.939	+0.002%	$768K	$212K	50x	as long as short
dYdX LINK-USD	+0.0327%	1h	12.918	−0.162%	$342K	$48K	10x	as long as short
Reya LINKRUSDPERPshort	+0.0384%	1h	12.936	−0.026%	$4K	—	20x
Hyperliquid LINK	+0.0403%	1h	12.954	+0.116%	$79.4M	$26.2M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	12.943	+0.030%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0695%	8h	12.944	+0.039%	$20.0M	$11.5M	50x	as long as short