LINK

Alert

Funding spread now, next payment 00:00 UTC+0.0188%/8h

next payment, per $10,000+$1.88paid, last 24h+0.019%paid, last 3 days+0.146%to open and closeno order book

Long on Variational Omni Short on Orderly

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	12.948	−0.0118	get 0.0118% / 8h	4h 55m	$3.2M	$1.2M	—
Short	Orderly PERP_LINK_USDC	12.927	0.0070	get 0.0070% / 8h	4h 55m	$146K	$1.6M	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee OrderlybpOrdersRate

Funding earned: $39.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $33.51
Break-even: 1.1 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.161%
Avg gap 7d: +0.051%

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 Variational Omni RFQ quote, 5 min ago	3.13 bp	doesn't fit	7.5 bp −$75	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Variational Omni LINKlong	−0.0118%	8h	$3.2M	$1.2M	—
Bybit LINKUSDT	−0.0103%	8h	$82.4M	$64.4M	75x	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	−0.0019%	1h	$9K	$78K	10x	as long as short
OKX LINK-USDT-SWAP	−0.0002%	8h	$27.0M	$81.1M	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$343K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$469K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$686K	$106K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	$118K	—	150x	as long as short
Coinbase International LINK-PERP-INTX	+0.0008%	1h	$1.0M	$2.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSD	+0.0018%	1h	$6.0M	$6.3M	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
SoDEX LINK-USD	+0.0035%	1h	$4K	$39K	10x	as long as short
Orderly PERP_LINK_USDCshort	+0.0070%	8h	$146K	$1.6M	20x
HTX LINK-USDT	+0.0079%	8h	$627K	$920K	75x	as long as short
MEXC LINK_USDT	+0.0081%	8h	$34.5M	$54.6M	300x	as long as short
Binance LINKUSDT	+0.0082%	8h	$117.7M	$288.5M	75x	as long as short
Paradex LINK-USD-PERP	+0.0096%	8h	$31K	$2K	20x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.2M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$391K	$291K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.5M	$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	$271K	$166K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$181K	$139K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	$129.3M	$11.9M	75x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$53.9M	$29.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$352K	$373K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$306K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$131K	$651K	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
Extended LINK-USD	+0.0104%	1h	$632K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	$544K	$340	3x	as long as short
BloFin LINK-USDT	+0.0202%	8h	$5.2M	$13.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0366%	1h	$4K	$200	20x	as long as short
Phemex LINKUSDT	+0.0460%	8h	$20.1M	$11.2M	50x	as long as short