LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0204%/8h= −22.4% APRnext payment −$2.04 per $10,000 · paid last 24h −0.026%

Price spread now: Orderly against HTX+0.115%7-day average +0.099% · you sell dearer than you buy

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

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.115%, 7d avg +0.099%

Together, before fees−0.075%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.099%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.885	0.0100	pay 0.0100% / 8h	7h 52m	$630K	$745K	75x
Short	Orderly PERP_LINK_USDC	12.900	−0.0104	pay 0.0104% / 8h	7h 52m	$90K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against HTX. 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 HTXbpFee OrderlybpOrdersPrice spread, now +0.115%Rate

Funding earned: −$42.92
Price spread: +0.115% → +0.099%: $1.62
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$59.3
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 46 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 HTX live order book, 46 min ago	13.15 bp	19.3 bp −$19	68.7 bp −$687	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 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_USDCshort	−0.0104%	8h	12.900	+0.115%	$90K	$1.0M	20x
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.907	+0.171%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.909	+0.182%	$514K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.899	+0.103%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.766%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.910	+0.195%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.910	+0.191%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.906	+0.159%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.898	+0.097%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.901	+0.125%	$349K	$336K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.905	+0.154%	$80.6M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.904	+0.144%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.897	+0.090%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.901	+0.119%	$119.1M	$297.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.895	+0.076%	$83.6M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.896	+0.084%	$27.1M	$80.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.919	+0.262%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.899	+0.107%	$133.8M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.900	+0.115%	$34.8M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.901	+0.123%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.892	+0.053%	$53.8M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.900	+0.115%	—	$23.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.891	+0.048%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.879	−0.046%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.882	−0.022%	$580K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.873	−0.095%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.909	+0.185%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.919	+0.265%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.924	+0.299%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.906	+0.161%	$10K	$62K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.885	long leg	$630K	$745K	75x
Extended LINK-USD	+0.0104%	1h	12.895	+0.074%	$615K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.909	+0.185%	$541K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0105%	1h	12.910	+0.192%	$335K	$385K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.941	+0.433%	$930K	$3.1M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0207%	1h	12.914	+0.224%	$808K	$268K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.906	+0.161%	$5.3M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0363%	1h	12.901	+0.120%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0402%	1h	12.904	+0.148%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0486%	8h	12.920	+0.270%	$20.0M	$11.5M	50x	as long as short