LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0381%/8h= −41.7% APRnext payment −$0.48 per $10,000 · paid last 24h −0.105%

Price spread now: Deribit against Reya+0.005%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 Deribit

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	13.182	0.0381	pay 0.0048% / 1h	31m 18s	$5K	—	20x
Short	Deribit LINK_USDC-PERPETUAL	13.182	0	get 0.0000% / 1h	31m 18s	$783K	$211K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$80.04
Price spread: +0.005% → 0.000%: $0.51
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$92.54
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 43 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 Deribit live order book, 43 min ago	1.91 bp	10.4 bp −$10	18.1 bp −$181	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 −0.0091% / S +0.0167%	1h	13.181	−0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.073%	$476K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALshort	0.0000%	1h	13.182	+0.005%	$783K	$211K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.182	+0.004%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.931%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.203%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0050%	8h	13.175	−0.052%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.178	−0.028%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.191	+0.072%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.189	+0.058%	$405K	$309K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.185	+0.027%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.192	+0.074%	$276K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.175	−0.054%	$122.5M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.170	−0.090%	$84.9M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.169	−0.097%	$27.7M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.203	+0.161%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.185	+0.024%	$130.5M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.176	−0.044%	$37.2M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.188	+0.047%	$23.0M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.182	+0.001%	$54.9M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.184	+0.016%	—	$21.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	−0.048%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.198	+0.120%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.195	+0.100%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.205	+0.176%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.189	+0.054%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.177	−0.039%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.197	+0.115%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.176	−0.044%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.142	−0.301%	$646K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.173	−0.069%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.179	−0.020%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	+0.054%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0191%	1h	13.196	+0.107%	$368K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.172	−0.075%	$5.3M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.186	+0.035%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERPlong	+0.0381%	1h	13.182	long leg	$5K	—	20x
dYdX LINK-USD	+0.0406%	1h	13.186	+0.032%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0523%	8h	13.191	+0.070%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0590%	1h	13.202	+0.153%	$81.6M	$25.1M	10x	as long as short