LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0219%/8h= +24.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.086%

Price spread now: Reya against Coinbase International−0.330%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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 0.330% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.330% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 5.0 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.873	0.0184	pay 0.0023% / 1h	32m 01s	$926K	$3.2M	50x
Short	Reya LINKRUSDPERP	12.830	0.0403	get 0.0050% / 1h	32m 01s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. 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 Coinbase InternationalbpFee ReyabpOrdersPrice spread, now −0.330%Rate

Funding earned: $46
Price spread: −0.330% → 0.000%: −$33.04
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$3.04
Costs to cover: 0.160%
Break-even: 7.5 days

Slippage unknown: Coinbase International: live order book, 2 min ago; 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 Coinbase International live order book, 2 min ago	3.89 bp	13.7 bp −$14	16.2 bp −$162	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
Orderly PERP_LINK_USDC	−0.0115%	8h	12.834	−0.303%	$90K	$976K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.837	−0.280%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.851	−0.172%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.837	−0.283%	$105K	—	150x	as long as short
Bybit LINKUSDT	+0.0011%	8h	12.830	−0.334%	$83.0M	$72.9M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.674%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.840	−0.255%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.886	+0.105%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.836	−0.287%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.844	−0.225%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.834	−0.307%	$348K	$336K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.841	−0.252%	$80.2M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.840	−0.256%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.848	−0.196%	$273K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.835	−0.294%	$118.5M	$296.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.832	−0.318%	$26.9M	$79.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.867	−0.047%	$180K	$100K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.834	−0.303%	$133.1M	$17.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.836	−0.287%	$35.7M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.839	−0.264%	$22.8M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.830	−0.334%	$53.6M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.834	−0.303%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.841	−0.249%	$334K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.870	−0.020%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.873	+0.001%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.871	−0.016%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.895	+0.171%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.839	−0.264%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.874	+0.012%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.860	−0.101%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.836	−0.287%	$10K	$60K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.836	−0.291%	$627K	$714K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.830	−0.333%	$614K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.860	−0.099%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0184%	1h	12.873	long leg	$926K	$3.2M	50x
Deribit LINK_USDC-PERPETUAL	+0.0217%	1h	12.844	−0.229%	$803K	$268K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.851	−0.171%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERPshort	+0.0403%	1h	12.830	−0.330%	$4K	—	20x
Phemex LINKUSDT	+0.0638%	8h	12.856	−0.132%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.1449%	1h	12.851	−0.172%	$345K	$49K	10x	as long as short