LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.042%

Price spread now: Reya against Hyperliquid−0.120%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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 airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.120% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 31 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LINK	13.018	0.0100	pay 0.0013% / 1h	12m 50s	$81.3M	$27.7M	10x
Short	Reya LINKRUSDPERP	13.002	0.0404	get 0.0050% / 1h	12m 50s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Hyperliquid. 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 HyperliquidbpFee ReyabpOrdersPrice spread, now −0.120%Rate

Funding earned: $63.82
Price spread: −0.120% → 0.000%: −$11.95
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $36.87
Costs to cover: 0.150%
Break-even: 3.0 days

Slippage unknown: Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago	0.39 bp	8.3 bp −$8	13.9 bp −$139	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 39 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	−0.0125%	8h	13.001	−0.131%	$91K	$920K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	13.005	−0.101%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.017	−0.008%	$498K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	13.004	−0.108%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.747%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	13.005	−0.103%	$6.5M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.970	−0.366%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.004	−0.110%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.008	−0.077%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.008	−0.081%	$350K	$323K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINKlong	+0.0100%	1h	13.018	long leg	$81.3M	$27.7M	10x
Aster LINKUSDT	+0.0100%	8h	13.017	−0.010%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.010	−0.063%	$277K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.019	+0.008%	$120.2M	$290.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.018	0.000%	$84.2M	$70.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.022	+0.031%	$27.4M	$78.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.024	+0.046%	$182K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.012	−0.046%	$134.9M	$17.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.014	−0.031%	$35.2M	$60.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.019	+0.008%	$23.1M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.010	−0.061%	$54.4M	$28.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.015	−0.023%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.018	0.000%	$337K	$375K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.995	−0.180%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.991	−0.210%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.001	−0.132%	$586K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.994	−0.184%	$133K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.012	−0.046%	$83K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.017	−0.006%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.002	−0.123%	$12K	$58K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.988	−0.229%	$623K	$698K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.007	−0.083%	$621K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.004	−0.109%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.995	−0.177%	$934K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.007	−0.084%	$5.3M	$16.0M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0288%	1h	13.012	−0.047%	$851K	$302K	50x	as long as short
Phemex LINKUSDT	+0.0352%	8h	13.018	0.000%	$20.1M	$11.4M	50x	as long as short
Reya LINKRUSDPERPshort	+0.0404%	1h	13.002	−0.120%	$4K	—	20x
dYdX LINK-USD	+0.1009%	1h	13.008	−0.074%	$350K	$49K	10x	as long as short