LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Orderly+0.077%7-day average −0.021% · you sell dearer than you buy

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.077%, 7d avg −0.021%

Together, before fees−0.163%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.098% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	12.916	0.0035	pay 0.0035% / 8h	2h 15m	$95K	$1.2M	20x
Short	Binance LINKUSDT	12.926	0.0100	get 0.0100% / 8h	2h 15m	$118.8M	$302.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now +0.077%Rate

Funding earned: $13.69
Price spread: +0.077% → −0.021%: $9.82
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $7.51
Costs to cover: 0.160%
Break-even: 3.2 days

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 13 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.39 bp	5.8 bp −$6	12.6 bp −$126	33.1 bp −$3,311	93.8 bp −$46.9K

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 −0.0089% / S +0.0166%	1h	12.922	+0.046%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.929	+0.101%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.923	+0.052%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.995%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDClong	+0.0035%	8h	12.916	long leg	$95K	$1.2M	20x
Phoenix LINK	+0.0074%	1h	12.924	+0.064%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.925	+0.070%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.924	+0.062%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.925	+0.066%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.927	+0.083%	$1.2M	$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	12.930	+0.105%	$275K	$184K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.926	+0.077%	$118.8M	$302.5M	75x
Bybit LINKUSDT	+0.0100%	8h	12.926	+0.077%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.928	+0.093%	$27.4M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.940	+0.186%	$181K	$97K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.918	+0.015%	$124.3M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.926	+0.077%	$32.9M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.926	+0.077%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.923	+0.054%	$54.0M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.924	+0.062%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.920	+0.034%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.924	+0.063%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.927	+0.085%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.931	+0.116%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.930	+0.108%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.922	+0.047%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.939	+0.179%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.925	+0.070%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.899	−0.128%	$631K	$782K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.920	+0.032%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.924	+0.066%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0106%	1h	12.932	+0.124%	$337K	$390K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.931	+0.116%	$920K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0214%	1h	12.931	+0.115%	$801K	$246K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.928	+0.093%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0235%	1h	12.936	+0.155%	$80.5M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.928	+0.092%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.921	+0.035%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0565%	8h	12.938	+0.170%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0676%	1h	12.923	+0.056%	$344K	$33K	10x	as long as short