LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0319%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h −0.076%

Price spread now: Kraken Futures against Reya+0.138%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 Kraken Futures

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.138% dearer against Reya than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	13.145	0.0375	pay 0.0047% / 1h	45m 45s	$5K	—	20x
Short	Kraken Futures PF_LINKUSD	13.163	0.0694	get 0.0087% / 1h	45m 45s	$6.9M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.138%Rate

Funding earned: $67.09
Price spread: +0.138% → 0.000%: $13.83
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $64.92
Costs to cover: 0.160%
Break-even: 0.2 days

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	3.04 bp	10.1 bp −$10	16.5 bp −$165	42.4 bp −$4,238	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	13.149	+0.028%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.164	+0.146%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.154	+0.070%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.158	+0.096%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.149	+0.029%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.669%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.144	−0.009%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.148	+0.022%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.169	+0.180%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.167	+0.165%	$32K	$3K	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	13.149	+0.029%	$399K	$315K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.171	+0.195%	$77.7M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.162	+0.132%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.168	+0.175%	$276K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.166	+0.159%	$122.1M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.168	+0.174%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.170	+0.189%	$27.7M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.158	+0.098%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.160	+0.113%	$130.6M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.168	+0.174%	$36.6M	$56.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.166	+0.159%	$22.3M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.163	+0.136%	$54.7M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.158	+0.098%	—	$21.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.128	−0.127%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.134	−0.081%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	−0.070%	$599K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.146	+0.007%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.148	+0.022%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.150	+0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.170	+0.191%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.154	+0.067%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.132	−0.101%	$646K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.156	+0.085%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.156	+0.080%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.150	+0.037%	$991K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0148%	1h	13.163	+0.136%	$365K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.140	−0.039%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERPlong	+0.0375%	1h	13.145	long leg	$5K	—	20x
Phemex LINKUSDT	+0.0466%	8h	13.168	+0.174%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0694%	1h	13.163	+0.138%	$6.9M	$8.0M	50x