LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h −0.054%

Price spread now: dYdX against Reya−0.293%46s7-day average — · you buy dearer than you sell

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

Long on Reya Short on dYdX

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

Funding pays, the price is against you. dYdX is 0.293% cheaper against Reya than usual: you would sell low and buy high (spread −0.293% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 19 days of funding at the current rate (+$2 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	13.159	0.0382	pay 0.0048% / 1h	3m 29s	$5K	—	20x
Short	dYdX LINK-USD	13.120	0.0434	get 0.0054% / 1h	3m 29s	$348K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.293%Rate

Funding earned: $10.74
Price spread: −0.293% → 0.000%: −$29.34
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$34.6
Costs to cover: 0.160%
Break-even: 29.5 days

Slippage unknown: Reya: no order-book sample; dYdX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell dYdX live order book, 6 min ago	46.74 bp	110.7 bp −$111	166.9 bp −$1,669	181.6 bp −$18.2K	366.3 bp −$183.1K

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	13.161	+0.013%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.163	+0.031%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.161	+0.013%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.767%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.181	+0.170%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0046%	1h	13.159	+0.003%	$781K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.154	−0.037%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.112	−0.353%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.176	+0.127%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.105	−0.409%	$402K	$306K	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	13.125	−0.257%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.116	−0.329%	$275K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.113	−0.349%	$121.7M	$297.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.111	−0.364%	$84.4M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.111	−0.364%	$27.5M	$83.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.122	−0.280%	$184K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.110	−0.371%	$129.8M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.098	−0.463%	$35.8M	$59.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.123	−0.273%	$22.9M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.096	−0.478%	$54.3M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.102	−0.432%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.145	−0.105%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	+0.132%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.147	−0.092%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.150	−0.067%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.166	+0.054%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.154	−0.040%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.164	+0.039%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.150	−0.067%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	−0.010%	$648K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.096	−0.481%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.159	−0.003%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	+0.001%	$998K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0155%	1h	13.149	−0.075%	$364K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.150	−0.067%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.153	−0.047%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERPlong	+0.0382%	1h	13.159	long leg	$5K	—	20x
dYdX LINK-USDshort	+0.0434%	1h	13.120	−0.293%	$348K	$48K	10x
Phemex LINKUSDT	+0.0517%	8h	13.159	+0.001%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0539%	1h	13.138	−0.159%	$81.1M	$25.0M	10x	as long as short