LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0237%/8h= +26.0% APRnext payment +$2.37 per $10,000 · paid last 24h +0.026%

Price spread now: SunX against Orderly+0.063%7-day average +0.082% · you sell dearer than you buy

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

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.063%, 7d avg +0.082%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.082%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	12.926	−0.0137	get 0.0137% / 8h	6h 55m	$86K	$929K	20x
Short	SunX LINK-USDT	12.934	0.0100	get 0.0100% / 8h	6h 55m	$33K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $49.87
Price spread: +0.063% → +0.082%: −$1.81
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $34.06
Costs to cover: 0.140%
Break-even: 2.2 days

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago	13.69 bp	19.2 bp −$19	doesn't fit	doesn't fit	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 39 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
Orderly PERP_LINK_USDClong	−0.0137%	8h	12.926	long leg	$86K	$929K	20x
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.924	−0.012%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.934	+0.063%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	13.046	+0.931%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.069%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0044%	1h	12.929	+0.023%	$6.4M	$8.2M	50x	as long as short
SoDEX LINK-USD	+0.0084%	1h	12.923	−0.023%	$11K	$61K	10x	as long as short
Phoenix LINK	+0.0087%	1h	13.016	+0.695%	$3K	$84K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.925	−0.010%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.933	+0.058%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.930	+0.035%	$348K	$311K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.927	+0.006%	$80.7M	$27.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.921	−0.037%	$1.3M	$2.6M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.939	+0.097%	$275K	$167K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.914	−0.093%	$119.6M	$287.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.914	−0.093%	$83.7M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.912	−0.108%	$27.0M	$77.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.947	+0.162%	$181K	$86K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.924	−0.015%	$133.6M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.914	−0.093%	$35.5M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.927	+0.008%	$22.8M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.907	−0.147%	$54.1M	$28.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.917	−0.070%	—	$22.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.921	−0.039%	$335K	$370K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	+0.387%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	+0.531%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.658%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.000	+0.572%	$133K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.928	+0.015%	$82K	$70K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.934	+0.063%	$33K	$1.3M	30x
HTX LINK-USDT	+0.0100%	8h	12.893	−0.258%	$621K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.909	−0.135%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.946	+0.158%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0208%	1h	12.931	+0.039%	$935K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.926	0.000%	$5.3M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0261%	1h	12.932	+0.050%	$880K	$342K	50x	as long as short
Reya LINKRUSDPERP	+0.0405%	1h	12.927	+0.007%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0528%	8h	12.946	+0.155%	$20.0M	$11.0M	50x	as long as short
dYdX LINK-USD	+0.1453%	1h	12.942	+0.128%	$348K	$48K	10x	as long as short