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: Orderly against Paradex−0.116%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.116% cheaper against Paradex than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.019	0.0100	pay 0.0100% / 8h	5h 10m	$31K	$2K	20x
Short	Orderly PERP_LINK_USDC	13.004	0.0064	get 0.0064% / 8h	5h 10m	$117K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Paradex. 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 ParadexbpFee OrderlybpOrdersPrice spread, now −0.116%Rate

Funding earned: −$7.62
Price spread: −0.116% → 0.000%: −$11.61
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$29.23
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Orderly: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Paradex and 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	−0.104%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.018	−0.012%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.008	−0.088%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.755%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDCshort	+0.0064%	8h	13.004	−0.116%	$117K	$1.5M	20x
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.024	+0.037%	$964K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.005	−0.110%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0096%	1h	13.008	−0.085%	$773K	$175K	50x	as long as short
Phoenix LINK	+0.0098%	1h	13.026	+0.050%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.019	long leg	$31K	$2K	20x

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	−0.047%	$394K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.014	−0.041%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.017	−0.013%	$275K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.004	−0.118%	$120.2M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.999	−0.155%	$84.0M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.999	−0.155%	$27.4M	$82.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.031	+0.091%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.004	−0.116%	$128.5M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.002	−0.132%	$32.5M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.006	−0.101%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.998	−0.162%	$54.1M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.001	−0.139%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.006	−0.101%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	−0.232%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.009	−0.075%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.996	−0.179%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.017	−0.016%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.024	+0.037%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.004	−0.120%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.028	+0.069%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.005	−0.108%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.996	−0.175%	$641K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.998	−0.161%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.005	−0.112%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	−0.070%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	13.004	−0.112%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.008	−0.083%	$6.8M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0575%	1h	13.016	−0.023%	$345K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0590%	8h	13.019	−0.001%	$20.1M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0649%	1h	13.019	−0.001%	$81.9M	$27.4M	10x	as long as short