LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.36 per $10,000 · paid last 24h −0.001%

Price spread now: OKX against Orderly−0.177%7-day average −0.041% · you buy dearer than you sell

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

Long on Orderly Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.177%, 7d avg −0.041%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.136% cheaper against Orderly than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of −0.041%). If the spread goes back, that is −$14 on $10k: about 12 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.057%, 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	13.004	0.0064	pay 0.0064% / 8h	5h 09m	$117K	$1.5M	20x
Short	OKX LINK-USDT-SWAP	12.981	0.0100	get 0.0100% / 8h	5h 09m	$27.4M	$82.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.177%Rate

Funding earned: $7.64
Price spread: −0.177% → −0.041%: −$13.61
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.98
Costs to cover: 0.160%
Break-even: 27.1 days

Slippage unknown: Orderly: no order-book sample; OKX: 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 OKX live order book, 4 min ago	0.38 bp	8.9 bp −$9	14.0 bp −$140	25.6 bp −$2,556	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 −0.0090% / S +0.0167%	1h	13.006	+0.012%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.018	+0.104%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.008	+0.028%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.645%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDClong	+0.0064%	8h	13.004	long leg	$117K	$1.5M	20x
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.024	+0.154%	$964K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.983	−0.160%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0096%	1h	13.008	+0.032%	$773K	$175K	50x	as long as short
Phoenix LINK	+0.0098%	1h	13.026	+0.166%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.984	−0.154%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.013	+0.069%	$394K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.998	−0.047%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.985	−0.150%	$274K	$174K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.981	−0.177%	$120.0M	$296.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.982	−0.169%	$83.8M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	12.981	−0.177%	$27.4M	$82.3M	50x
Arcus LINK-USD	+0.0100%	1h	13.002	−0.015%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.979	−0.192%	$128.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.983	−0.161%	$32.5M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.985	−0.146%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.979	−0.192%	$54.0M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.980	−0.185%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.006	+0.015%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	−0.116%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.009	+0.041%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.996	−0.063%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.017	+0.100%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.024	+0.154%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.004	−0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.028	+0.185%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.005	+0.008%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.996	−0.059%	$641K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.976	−0.212%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.005	+0.004%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	+0.046%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	13.004	+0.004%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.008	+0.033%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0590%	8h	13.019	+0.115%	$20.1M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0592%	1h	12.987	−0.132%	$344K	$30K	10x	as long as short
Hyperliquid LINK	+0.0647%	1h	13.004	0.000%	$81.8M	$27.3M	10x	as long as short