LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0354%/8h= −38.8% APRnext payment −$0.44 per $10,000 · paid last 24h −0.096%

Price spread now: Injective against Reya−4.454%112s7-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 Injective

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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Injective is 4.454% cheaper against Reya than usual: you would sell low and buy high (−$445 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 112 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	12.978	0.0388	pay 0.0048% / 1h	9m 28s	$4K	—	20x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	9m 28s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.454%Rate

Funding earned: −$74.41
Price spread: −4.454% → 0.000%: −$445.41
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$525.84
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Injective: 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 Reya no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Reya and Injective: 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	+0.212%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.018	+0.304%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.983	+0.037%	$160K	—	150x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−4.454%	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0064%	8h	13.004	+0.200%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.024	+0.354%	$964K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.983	+0.040%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0096%	1h	13.008	+0.232%	$773K	$175K	50x	as long as short
Phoenix LINK	+0.0098%	1h	12.989	+0.087%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.984	+0.045%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.979	+0.005%	$393K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.993	+0.118%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.985	+0.050%	$274K	$174K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.984	+0.046%	$120.0M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.981	+0.023%	$83.8M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.980	+0.015%	$27.3M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.002	+0.185%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.979	+0.007%	$128.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.984	+0.046%	$32.5M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.992	+0.107%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.981	+0.023%	$54.0M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.980	+0.015%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.006	+0.215%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	+0.084%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.993	+0.116%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.251%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.017	+0.300%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.988	+0.077%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.004	+0.196%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.028	+0.386%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.005	+0.208%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.996	+0.141%	$641K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.976	−0.013%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.005	+0.204%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	+0.246%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERPlong	+0.0388%	1h	12.978	long leg	$4K	—	20x
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.008	+0.233%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0590%	8h	13.019	+0.315%	$20.1M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0592%	1h	12.987	+0.067%	$344K	$30K	10x	as long as short
Hyperliquid LINK	+0.0646%	1h	13.001	+0.177%	$81.8M	$27.3M	10x	as long as short