Settings8H · net · $10k
Funding arb · Price arb /

LINK

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Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0541%/8h= +59.2% APRnext payment +$5.41 per $10,000 · paid last 24h +0.131%
Price spread now: Phemex against Orderly+0.100%7-day average +0.079% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.312%+$31 on $10k
Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.100%, 7d avg +0.079%
Together, before fees+0.325%+$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Phemex is 0.021% dearer against Orderly than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.312% in total (about 16.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_LINK_USDC13.002−0.0134get 0.0134% / 8h6h 57m$90K$908K20x
ShortPhemex LINKUSDT13.0150.0406get 0.0406% / 8h6h 57m$20.1M$11.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$113.56
Price spread: +0.100% → +0.079%
$2.11
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Phemex: 6 bp × 2 orders
−$12
Net
$97.67
Costs to cover
0.180%
Break-even
1.0 days
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Phemex live order book, 6 min ago1.53 bp11.1 bp −$1115.4 bp −$154doesn't fitdoesn'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 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_LINK_USDClong−0.0134%8h13.002long leg$90K$908K20x
GMX LINK/USD [LINK-USDC]L −0.0087% / S +0.0165%1h13.056+0.417%$1.8M200xas long as short
Kalshi KXLINKPERP0.0000%8h13.026+0.183%$499K$2.2M3.7xas long as short
gTrade (Gains Network) LINK/USDL +0.0004% / S −0.0001%1h13.046+0.341%$107K150xas long as short
Injective LINK/USDC PERP+0.0033%1h12.400−4.630%$4K$48K12xas long as short
Kraken Futures PF_LINKUSD+0.0044%1h13.003+0.008%$6.5M$8.3M50xas long as short
Phoenix LINK+0.0087%1h13.051+0.379%$3K$84K10xas long as short
Lighter LINK+0.0096%1h13.005+0.023%$1.9M$2.3M10xas long as short
Paradex LINK-USD-PERP+0.0100%8h13.002+0.004%$31K$2K20xas long as short
Nado LINK-PERP+0.0100%1h13.005+0.023%$350K$312K10xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid LINK+0.0100%1h13.006+0.031%$81.2M$27.6M10xas long as short
Aster LINKUSDT+0.0100%8h13.001−0.011%$1.3M$2.5M50xas long as short
Pacifica LINK+0.0100%1h13.009+0.054%$277K$167K10xas long as short
Binance LINKUSDT+0.0100%8h12.994−0.062%$120.4M$286.8M75xas long as short
Bybit LINKUSDT+0.0100%8h12.994−0.062%$84.1M$70.5M75xas long as short
OKX LINK-USDT-SWAP+0.0100%8h12.996−0.046%$27.2M$77.2M50xas long as short
Arcus LINK-USD+0.0100%1h13.025+0.177%$182K$86K10xas long as short
Gate LINK_USDT+0.0100%8h12.994−0.062%$134.4M$17.0M75xas long as short
MEXC LINK_USDT+0.0100%8h12.993−0.069%$35.9M$56.3M300xas long as short
KuCoin LINKUSDTM+0.0100%8h12.995−0.054%$23.1M$12.1M75xas long as short
Bitget LINKUSDT+0.0100%8h12.991−0.085%$54.4M$28.3M75xas long as short
BingX LINK-USDT+0.0100%8h12.995−0.054%$22.8Mas long as short
Backpack LINK_USDC_PERP+0.0100%1h13.003+0.008%$338K$369K15xas long as short
Variational Omni LINK+0.0100%8h13.038+0.278%$3.4M$1.8Mas long as short
edgeX LINKUSDC+0.0100%4h13.049+0.365%$43K$309K20xas long as short
GRVT LINK_USDT_Perp+0.0100%8h13.050+0.367%$593K$3.0M10xas long as short
ApeX Omni LINKUSDT+0.0100%1h13.058+0.431%$134K$668K50xas long as short
Polymarket Perps LINK-USD+0.0100%1h13.014+0.092%$83K$70K10xas long as short
SunX LINK-USDT+0.0100%8h13.014+0.089%$34K$1.3M30xas long as short
SoDEX LINK-USD+0.0100%1h13.000−0.015%$12K$61K10xas long as short
HTX LINK-USDT+0.0100%8h12.998−0.029%$624K$689K75xas long as short
Extended LINK-USD+0.0104%1h12.990−0.089%$621K$2.0M25xas long as short
Aevo LINK-PERP+0.0104%1h13.006+0.033%$545K$2K3xas long as short
Coinbase International LINK-PERP-INTX+0.0208%1h13.007+0.038%$941K$3.3M50xas long as short
BloFin LINK-USDT+0.0220%8h13.013+0.085%$5.3M$15.9M75xas long as short
Deribit LINK_USDC-PERPETUAL+0.0334%1h13.013+0.085%$874K$331K50xas long as short
Reya LINKRUSDPERP+0.0405%1h13.012+0.074%$4K20xas long as short
Phemex LINKUSDTshort+0.0406%8h13.015+0.100%$20.1M$11.0M50x
dYdX LINK-USD+0.1647%1h13.008+0.046%$350K$48K10xas long as short