LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0079%/8h= −8.7% APRnext payment −$0.10 per $10,000 · paid last 24h +0.034%

Price spread now: Reya against dYdX−0.032%7-day average — · you buy dearer than you sell

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

Long on dYdX 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Reya is 0.032% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	12.899	0.0489	pay 0.0061% / 1h	7m 40s	$347K	$28K	10x
Short	Reya LINKRUSDPERP	12.895	0.0410	get 0.0051% / 1h	7m 40s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against dYdX. 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 dYdXbpFee ReyabpOrdersPrice spread, now −0.032%Rate

Funding earned: −$16.64
Price spread: −0.032% → 0.000%: −$3.17
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$35.82
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 40 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 dYdX live order book, 40 min ago	54.14 bp	59.1 bp −$59	59.1 bp −$591	69.3 bp −$6,930	110.5 bp −$55.2K
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 exchanges

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	−0.0240%	8h	12.893	−0.049%	$84K	$842K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.886	−0.101%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.902	+0.023%	$479K	$2.0M	3.7x	as long as short
Phoenix LINK	0.0000%	1h	12.891	−0.061%	$3K	$81K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.899	−0.002%	$114K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.870%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0075%	8h	12.874	−0.194%	$3.4M	$1.7M	—	as long as short
Lighter LINK	+0.0096%	1h	12.908	+0.067%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.907	+0.058%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.895	−0.033%	$345K	$274K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.916	+0.130%	$81.2M	$25.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.912	+0.099%	$1.2M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.908	+0.068%	$274K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.911	+0.088%	$120.1M	$265.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.904	+0.037%	$83.9M	$66.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.905	+0.045%	$27.4M	$72.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.922	+0.176%	$181K	$84K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.907	+0.060%	$133.1M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.909	+0.076%	$36.0M	$56.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.912	+0.099%	$23.0M	$11.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.902	+0.021%	$54.0M	$25.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.906	+0.052%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.907	+0.060%	$325K	$352K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.884	−0.120%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.885	−0.110%	$585K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.888	−0.087%	$104K	$686K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.898	−0.010%	$82K	$65K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.902	+0.024%	$16K	$18K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.916	+0.133%	$34K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.902	+0.021%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.871	−0.218%	$604K	$674K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.900	+0.009%	$625K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.900	+0.010%	$541K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0174%	1h	12.905	+0.044%	$6.6M	$7.5M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	12.890	−0.072%	$988K	$3.1M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.888	−0.087%	$5.4M	$15.0M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0378%	1h	12.909	+0.079%	$890K	$361K	50x	as long as short
Phemex LINKUSDT	+0.0387%	8h	12.913	+0.107%	$20.0M	$10.2M	50x	as long as short
Reya LINKRUSDPERPshort	+0.0410%	1h	12.895	−0.032%	$4K	—	20x
dYdX LINK-USDlong	+0.0489%	1h	12.899	long leg	$347K	$28K	10x