LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0279%/8h= −30.6% APRnext payment −$0.35 per $10,000 · paid last 24h −0.075%

Price spread now: Aevo against Reya+0.060%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Aevo is 0.060% dearer against Reya than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.987	0.0383	pay 0.0048% / 1h	45m 45s	$4K	—	20x
Short	Aevo LINK-PERP	12.995	0.0104	get 0.0013% / 1h	45m 45s	$545K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Reya. 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 ReyabpFee AevobpOrdersPrice spread, now +0.060%Rate

Funding earned: −$58.64
Price spread: +0.060% → 0.000%: $6.03
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$74.61
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aevo: live order book, 23 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 Reya no order-book sample	—	—	—	—	—
Sell Aevo live order book, 23 min ago	18.58 bp	31.0 bp −$31	166.8 bp −$1,668	doesn't fit	doesn't fit

Reya: 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	12.989	+0.017%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.000	+0.102%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.998	+0.082%	$772K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.990	+0.020%	$150K	—	150x	as long as short
dYdX LINK-USD	+0.0030%	1h	12.996	+0.069%	$344K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.521%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.022	+0.271%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	12.986	−0.009%	$120K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.993	+0.045%	$955K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.973	−0.105%	$1.9M	$2.7M	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	+0.0099%	8h	13.054	+0.513%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.999	+0.095%	$392K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.988	+0.010%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.999	+0.093%	$276K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.976	−0.084%	$120.0M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.972	−0.116%	$83.7M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.971	−0.124%	$27.2M	$83.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.011	+0.184%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.978	−0.070%	$128.4M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.980	−0.055%	$35.2M	$58.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.989	+0.015%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.971	−0.124%	$53.7M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.978	−0.070%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.996	+0.068%	$341K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	+0.011%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.017	+0.230%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.013	+0.200%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.024	+0.284%	$134K	$681K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	+0.068%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.990	+0.022%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.004	+0.127%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.992	+0.038%	$15K	$42K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.977	−0.079%	$640K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.973	−0.111%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.995	+0.060%	$545K	$2K	3x
BloFin LINK-USDT	+0.0220%	8h	13.004	+0.130%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERPlong	+0.0383%	1h	12.987	long leg	$4K	—	20x
Hyperliquid LINK	+0.0446%	1h	12.989	+0.015%	$79.8M	$29.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.999	+0.089%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0557%	8h	13.009	+0.169%	$20.1M	$11.5M	50x	as long as short