LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0143%/8h= −15.7% APRnext payment −$1.43 per $10,000 · paid last 24h −0.006%

Price spread now: Orderly against KuCoin−0.023%7-day average +0.020% · you buy dearer than you sell

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.023%, 7d avg +0.020%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.043% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.922	0.0100	pay 0.0100% / 8h	59m 55s	$22.9M	$12.4M	75x
Short	Orderly PERP_LINK_USDC	12.919	−0.0043	pay 0.0043% / 8h	59m 55s	$92K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now −0.023%Rate

Funding earned: −$30.08
Price spread: −0.023% → +0.020%: −$4.34
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$52.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	0.77 bp	15.2 bp −$15	26.7 bp −$267	72.0 bp −$7,204	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
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.930	+0.060%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDCshort	−0.0043%	8h	12.919	−0.023%	$92K	$1.1M	20x
Kalshi KXLINKPERP	0.0000%	8h	12.931	+0.067%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.929	+0.051%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.040%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.386%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.926	+0.032%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.919	−0.025%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.924	+0.012%	$354K	$339K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.923	+0.010%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.919	−0.023%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.915	−0.054%	$119.3M	$298.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.913	−0.070%	$83.5M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.916	−0.046%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.940	+0.139%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.927	+0.039%	$134.7M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.919	−0.023%	$34.0M	$59.3M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.922	long leg	$22.9M	$12.4M	75x
Bitget LINKUSDT	+0.0100%	8h	12.923	+0.008%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.916	−0.046%	—	$23.3M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.931	+0.070%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.906	−0.122%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.932	+0.076%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.931	+0.068%	$583K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.951	+0.224%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.931	+0.070%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	+0.084%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.940	+0.139%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.926	+0.031%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.909	−0.102%	$631K	$782K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.910	−0.090%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.928	+0.047%	$542K	$2K	3x	as long as short
Hyperliquid LINK	+0.0106%	1h	12.929	+0.054%	$80.9M	$28.0M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.929	+0.054%	$931K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0129%	1h	12.934	+0.091%	$809K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.929	+0.055%	$6.5M	$8.4M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.915	−0.054%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.921	−0.004%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0545%	8h	12.942	+0.155%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0594%	1h	12.917	−0.042%	$344K	$45K	10x	as long as short