LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.55 per $10,000 · paid last 24h −0.011%

Price spread now: Bybit against Orderly+0.084%7-day average −0.051% · you sell dearer than you buy

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 3 days (all we have)−0.205%−$21 · spread now +0.084%, 7d avg −0.051%

Together, before fees−0.307%−$31 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 Bybit is 0.135% dearer against Orderly than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.051%. Mind the row above: over the last 7 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	13.142	0.0045	pay 0.0045% / 8h	2h 25m	$135K	$1.6M	20x
Short	Bybit LINKUSDT	13.153	0.0100	get 0.0100% / 8h	2h 25m	$84.7M	$69.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.084%Rate

Funding earned: $11.58
Price spread: +0.084% → −0.051%: $13.49
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $8.08
Costs to cover: 0.170%
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.38 bp	5.9 bp −$6	13.4 bp −$134	42.2 bp −$4,225	doesn't fit

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	13.149	+0.053%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.161	+0.146%	$467K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.152	+0.074%	$713K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.150	+0.065%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.152	+0.072%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0021%	1h	13.152	+0.074%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.646%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDClong	+0.0045%	8h	13.142	long leg	$135K	$1.6M	20x
Variational Omni LINK	+0.0076%	8h	13.148	+0.046%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.154	+0.089%	$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	13.149	+0.054%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.148	+0.042%	$400K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.164	+0.167%	$77.8M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.151	+0.069%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.153	+0.081%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.154	+0.091%	$121.6M	$300.1M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	13.153	+0.084%	$84.7M	$69.3M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.156	+0.107%	$27.8M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.167	+0.190%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.150	+0.061%	$130.7M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.148	+0.046%	$36.7M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.152	+0.076%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.150	+0.061%	$54.4M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.150	+0.061%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.144	+0.018%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	+0.034%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.147	+0.038%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.152	+0.076%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.145	+0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.163	+0.160%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.148	+0.046%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.139	−0.024%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.146	+0.033%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.150	+0.065%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.157	+0.114%	$991K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0115%	1h	13.161	+0.145%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.154	+0.091%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.149	+0.050%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.159	+0.129%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.158	+0.121%	$7.0M	$7.8M	50x	as long as short