LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.57 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against Orderly+0.106%7-day average −0.039% · you sell dearer than you buy

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)−0.220%−$22 · spread now +0.106%, 7d avg −0.039%

Together, before fees−0.243%−$24 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 BingX is 0.145% dearer against Orderly than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	13.161	0.0043	pay 0.0043% / 8h	2h 20m	$135K	$1.6M	20x
Short	BingX LINK-USDC	13.175	0.0100	get 0.0100% / 8h	2h 20m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.106%Rate

Funding earned: $11.87
Price spread: +0.106% → −0.039%: $14.51
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $10.38
Costs to cover: 0.160%
Break-even: 0.9 days

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 1 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 BingX live order book, 1 min ago	0.76 bp	8.9 bp −$9	17.3 bp −$173	84.9 bp −$8,486	437.3 bp −$218.6K

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 −0.0092% / S +0.0166%	1h	13.163	+0.019%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.171	+0.079%	$483K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.171	+0.077%	$714K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.165	+0.034%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0018%	1h	13.174	+0.101%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.159	−0.016%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.782%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDClong	+0.0043%	8h	13.161	long leg	$135K	$1.6M	20x
Variational Omni LINK	+0.0076%	8h	13.148	−0.098%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.179	+0.140%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.174	+0.096%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.165	+0.030%	$399K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.190	+0.220%	$78.0M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.178	+0.131%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.177	+0.124%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.174	+0.096%	$122.1M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.172	+0.084%	$84.8M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.173	+0.091%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.186	+0.190%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.178	+0.129%	$131.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.175	+0.106%	$37.1M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.180	+0.144%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.174	+0.099%	$54.5M	$30.1M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	13.175	+0.106%	—	$6.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.151	−0.073%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	−0.121%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.155	−0.046%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.170	+0.068%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.165	+0.028%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.183	+0.166%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.168	+0.053%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	−0.023%	$647K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.170	+0.068%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.169	+0.064%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.165	+0.030%	$988K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0120%	1h	13.183	+0.167%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.164	+0.023%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.156	−0.036%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.179	+0.137%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	13.177	+0.125%	$7.0M	$7.8M	50x	as long as short