LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0234%/8h= −25.6% APRnext payment −$2.34 per $10,000 · paid last 24h −0.018%

Price spread now: Orderly against OKX+0.015%7-day average +0.032% · you sell dearer than you buy

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now +0.015%, 7d avg +0.032%

Together, before fees+0.211%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$7 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 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.34 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	OKX LINK-USDT-SWAP	13.035	0.0100	pay 0.0100% / 8h	7h 00m	$27.4M	$77.2M	50x
Short	Orderly PERP_LINK_USDC	13.037	−0.0134	pay 0.0134% / 8h	7h 00m	$91K	$910K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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 OKXbpFee OrderlybpOrdersPrice spread, now +0.015%Rate

Funding earned: −$49.09
Price spread: +0.015% → +0.032%: −$1.66
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$66.75
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	0.38 bp	8.5 bp −$8	15.6 bp −$156	56.6 bp −$5,662	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 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_USDCshort	−0.0134%	8h	13.037	+0.015%	$91K	$910K	20x
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	13.056	+0.163%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.054	+0.144%	$500K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	13.046	+0.087%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.871%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	13.042	+0.050%	$6.5M	$8.3M	50x	as long as short
Phoenix LINK	+0.0087%	1h	13.062	+0.209%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.038	+0.024%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.041	+0.047%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.044	+0.069%	$351K	$312K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	13.056	+0.164%	$81.5M	$27.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.045	+0.078%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.048	+0.100%	$277K	$172K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.037	+0.014%	$120.6M	$286.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.035	0.000%	$84.5M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.035	long leg	$27.4M	$77.2M	50x
Arcus LINK-USD	+0.0100%	1h	13.062	+0.207%	$182K	$86K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.047	+0.092%	$135.0M	$18.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.037	+0.015%	$35.9M	$60.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.052	+0.130%	$23.2M	$12.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.038	+0.023%	$54.6M	$28.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.044	+0.069%	—	$22.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.052	+0.130%	$339K	$370K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.038	+0.024%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.058	+0.175%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.055	+0.151%	$588K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.061	+0.199%	$134K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.052	+0.130%	$83K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.056	+0.163%	$34K	$1.3M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.038	+0.023%	$15K	$59K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.021	−0.104%	$625K	$679K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.034	−0.009%	$624K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.041	+0.048%	$547K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	13.046	+0.084%	$939K	$3.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0210%	1h	13.048	+0.100%	$876K	$329K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.047	+0.092%	$5.3M	$16.1M	75x	as long as short
Phemex LINKUSDT	+0.0354%	8h	13.054	+0.146%	$20.1M	$11.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0404%	1h	13.048	+0.101%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0820%	1h	13.047	+0.091%	$351K	$48K	10x	as long as short