LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0281%/8h= +30.8% APRnext payment +$0.35 per $10,000 · paid last 24h +0.079%

Price spread now: Reya against Derive−0.072%7-day average — · you buy dearer than you sell

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

Long on Derive 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 0.072% cheaper against Derive than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LINK-PERP	13.197	0.0100	pay 0.0013% / 1h	34m 48s	$16K	$22K	10x
Short	Reya LINKRUSDPERP	13.188	0.0381	get 0.0048% / 1h	34m 48s	$5K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Derive. 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 DerivebpFee ReyabpOrdersPrice spread, now −0.072%Rate

Funding earned: $59.01
Price spread: −0.072% → 0.000%: −$7.2
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $39.8
Costs to cover: 0.120%
Break-even: 2.3 days

Slippage unknown: Derive: 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 Derive no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Derive 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 −0.0091% / S +0.0167%	1h	13.194	−0.025%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.206	+0.069%	$476K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.202	+0.036%	$783K	$209K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.195	−0.012%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.040%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.229	+0.243%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0047%	8h	13.195	−0.016%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.197	+0.001%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.203	+0.044%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.191	−0.050%	$404K	$308K	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	13.207	+0.079%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.206	+0.071%	$277K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.201	+0.030%	$122.7M	$302.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.199	+0.014%	$85.1M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.199	+0.014%	$27.9M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	+0.166%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.200	+0.022%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.202	+0.037%	$36.9M	$58.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.205	+0.060%	$22.9M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.201	+0.030%	$54.9M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.201	+0.030%	—	$21.1M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.213	+0.124%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	+0.052%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.182	−0.114%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.220	+0.174%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.196	−0.008%	$82K	$69K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	13.197	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.212	+0.111%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.196	−0.008%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.193	−0.035%	$649K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.197	0.000%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.199	+0.014%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.210	+0.098%	$1.0M	$2.7M	50x	as long as short
dYdX LINK-USD	+0.0193%	1h	13.205	+0.063%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0203%	1h	13.211	+0.105%	$369K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	+0.022%	$5.2M	$16.1M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.203	+0.043%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERPshort	+0.0381%	1h	13.188	−0.072%	$5K	—	20x
Phemex LINKUSDT	+0.0435%	8h	13.212	+0.113%	$20.5M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0583%	1h	13.222	+0.189%	$81.6M	$24.8M	10x	as long as short