LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0177%/8h= −19.3% APRnext payment −$1.77 per $10,000 · paid last 24h −0.031%

Price spread now: Orderly against BloFin+0.046%7-day average +0.020% · you sell dearer than you buy

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

Long on BloFin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.046%, 7d avg +0.020%

Together, before fees−0.200%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.026% dearer against BloFin than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.020%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.179% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	13.115	0.0220	pay 0.0220% / 8h	24m 52s	$5.2M	$17.2M	75x
Short	Orderly PERP_LINK_USDC	13.121	0.0043	get 0.0043% / 8h	24m 52s	$133K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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 BloFinbpFee OrderlybpOrdersPrice spread, now +0.046%Rate

Funding earned: −$37.07
Price spread: +0.046% → +0.020%: $2.57
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$52.51
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Orderly: 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 BloFin live order book, 4 min ago	1.14 bp	8.7 bp −$9	13.1 bp −$131	24.6 bp −$2,463	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 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 −0.0091% / S +0.0167%	1h	13.121	+0.049%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.128	+0.097%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.129	+0.104%	$724K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.121	+0.049%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.152	+0.282%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.452%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDCshort	+0.0043%	8h	13.121	+0.046%	$133K	$1.5M	20x
Lighter LINK	+0.0096%	1h	13.124	+0.070%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.116	+0.008%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.120	+0.040%	$400K	$311K	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	13.125	+0.076%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.123	+0.060%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.120	+0.039%	$121.9M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.117	+0.015%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.121	+0.046%	$27.7M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.135	+0.152%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.120	+0.038%	$130.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.119	+0.030%	$36.4M	$57.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.123	+0.061%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.118	+0.023%	$54.6M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.118	+0.023%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.138	+0.175%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.140	+0.191%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.144	+0.219%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.252%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.122	+0.053%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.122	+0.055%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.132	+0.133%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.125	+0.076%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.110	−0.042%	$645K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.116	+0.007%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.127	+0.089%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.128	+0.099%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	13.115	long leg	$5.2M	$17.2M	75x
Backpack LINK_USDC_PERP	+0.0229%	1h	13.134	+0.145%	$363K	$377K	15x	as long as short
Hyperliquid LINK	+0.0282%	1h	13.133	+0.141%	$77.9M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.118	+0.023%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.135	+0.156%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.139	+0.183%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0648%	1h	13.124	+0.072%	$348K	$48K	10x	as long as short