Chainlink spreads and order-book depth
Gemini has the tightest measured spread on Chainlink right now, at <$0.01 per LINK (0.372 bps) on LINK/USD, sampled 1 hour ago. RampAtlas reads 14 venues' public order books for LINK every two hours and reports the spread, the resting depth within 1% of the mid, and what a market buy of $500, $5,000 or $50,000 would pay above the mid.
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Where LINK trades tightest
| Exchange | Pair | Spread | 24h median | Bid depth 1% | Ask depth 1% | $500 buy | $5,000 buy | $50,000 buy | Sampled |
|---|---|---|---|---|---|---|---|---|---|
| Gemini | LINK/USD | <$0.010.372 bps | 0.442 bps | $60,604 | $40,567 | 6.22 bps | 10.0 bps | 104 bps | 1 hour ago |
| KuCoin | LINK/USDT | <$0.010.607 bps | 0.412 bps | — | — | 1.03 bps | 3.89 bps | 9.50 bps | 1 hour ago |
| Coinbase Exchange | LINK/USD | <$0.010.760 bps | 1.87 bps | $592,018 | $563,670 | 0.903 bps | 3.76 bps | 5.45 bps | 1 hour ago |
| Gate | LINK/USDT | <$0.011.52 bps | 1.51 bps | $133,695 | $186,348 | 2.70 bps | 6.53 bps | 18.1 bps | 1 hour ago |
| Crypto.com Exchange | LINK/USD | <$0.011.52 bps | 1.49 bps | — | — | 4.37 bps | 6.36 bps | 12.5 bps | 1 hour ago |
| Kraken | LINK/USD | <$0.012.34 bps | 2.37 bps | $795,749 | $595,064 | 1.81 bps | 2.48 bps | 8.21 bps | 1 hour ago |
| Bitget | LINK/USDT | <$0.013.03 bps | 1.50 bps | $538,737 | $589,758 | 1.52 bps | 1.52 bps | 6.46 bps | 1 hour ago |
| MEXC | LINK/USDT | $0.013.79 bps | 3.00 bps | $232,522 | $234,128 | 1.90 bps | 2.96 bps | 5.93 bps | 1 hour ago |
| Bitvavo | LINK/EUR | $0.014.07 bps | 3.15 bps | $231,311 | $194,038 | 2.04 bps | 3.30 bps | 6.59 bps | 1 hour ago |
| Bitstamp by Robinhood | LINK/USD | $0.014.48 bps | 4.96 bps | $320,668 | $297,325 | 2.24 bps | 3.69 bps | 8.16 bps | 1 hour ago |
| Binance US | LINK/USD | $0.016.83 bps | 5.99 bps | $56,716 | $43,550 | 4.14 bps | 10.8 bps | 88.9 bps | 1 hour ago |
| Binance | LINK/USDT | not measured | — | — | — | — | — | — | 1 hour ago |
| Bybit | LINK/USDT | not measured | — | — | — | — | — | — | 1 hour ago |
| OKX | LINK/USD | not measured | — | — | — | — | — | — | 1 hour ago |
Spread is the latest reading, shown as what crossing it costs on one LINK and as a share of the mid in basis points; the median column is over the last 24 hours. Depth is the notional value of resting orders within 1% of the mid on each side, converted to US dollars. Slippage is what a market buy of that size would pay above the mid on the book we read, and is blank where the visible book could not fill it.
- KuCoin (LINK/USDT): Quoted in USDT, counted at one US dollar. The 1% band runs past the last level the venue served, so depth is reported as not measured.
- Gate (LINK/USDT): Quoted in USDT, counted at one US dollar.
- Crypto.com Exchange (LINK/USD): The 1% band runs past the last level the venue served, so depth is reported as not measured.
- Bitget (LINK/USDT): Quoted in USDT, counted at one US dollar.
- MEXC (LINK/USDT): Quoted in USDT, counted at one US dollar.
- Bitvavo (LINK/EUR): Quoted in EUR; USD figures use this book's own mid against the asset's snapshot US dollar price.
- Binance: not measured on the last run — blocked: The venue refused the request (HTTP 451); it does not serve RampAtlas's servers.
- Bybit: not measured on the last run — blocked: The venue refused the request (HTTP 403); it does not serve RampAtlas's servers.
- OKX: not measured on the last run — unsupported_pair: OKX returned code 50013: Systems are busy. Please try again later.
Spread history
Gemini
LINK/USD · 0.007 bps–17.3 bps
KuCoin
LINK/USDT · 0.071 bps–3.73 bps
Coinbase Exchange
LINK/USD · 0.714 bps–3.24 bps
Gate
LINK/USDT · 0.711 bps–3.77 bps
Crypto.com Exchange
LINK/USD · 0.716 bps–5.99 bps
Kraken
LINK/USD · 0.007 bps–9.95 bps
Bitget
LINK/USDT · 0.715 bps–4.05 bps
MEXC
LINK/USDT · 0.716 bps–5.67 bps
Bitvavo
LINK/EUR · 1.00 bps–6.76 bps
Bitstamp by Robinhood
LINK/USD · 0.904 bps–12.0 bps
Binance US
LINK/USD · 1.50 bps–19.7 bps
Method
Pairs are fixed per venue so each series measures the same book over time: the quote currency is chosen once, preferring US dollars, then dollar stablecoins, then euros or the venue's home currency. A non-dollar book's depth is converted using that book's own mid against LINK's snapshot US dollar price.
Frequently Asked Questions
- Which exchange has the tightest LINK spread?
- Gemini, at <$0.01 per LINK (0.372 bps) on LINK/USD as of the sample taken 1 hour ago. Spreads move, so this page is re-measured every two hours.
- Does a tighter spread mean LINK is cheaper to buy there?
- Only in part. The spread is one of three costs: the trading fee, the spread you cross, and the deposit or card fee that got your money onto the venue. The fee pages put all three together for a given purchase size, and use the measured spread on this page wherever we have one.
- What does 1% depth tell me?
- It is the dollar value of orders resting within 1% of the mid price on one side of the book. A venue with a tight spread but shallow depth will still move against a large order — which is why the table also shows what $500, $5,000 and $50,000 market buys would pay.