LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0270%/8h= −29.5% APRnext payment −$0.34 per $10,000 · paid last 24h −0.058%

Price spread now: GMX against Coinbase International+0.026%7-day average +0.012% · you sell dearer than you buy

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.209%−$21 on $10k

Price spread, last 3 days (all we have)+0.095%+$10 · spread now +0.026%, 7d avg +0.012%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	13.074	0.0104	pay 0.0013% / 1h	53m 45s	$989K	$2.7M	50x
Short	GMX LINK/USD [LINK-USDC]	13.077	L −0.0091% / S +0.0166%	pay 0.0021% / 1h	53m 45s	$1.7M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$56.6
Price spread: +0.026% → +0.012%: $1.35
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$77.25
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 5 min ago; GMX: 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 Coinbase International live order book, 5 min ago	3.05 bp	13.5 bp −$14	18.4 bp −$184	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.0091% / S +0.0166%	1h	13.077	+0.026%	$1.7M	—	200x
Phoenix LINK	−0.0012%	1h	13.127	+0.409%	$3K	$84K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.085	+0.083%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.097	+0.175%	$457K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.078	+0.028%	$696K	$106K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.078	+0.029%	$83K	—	150x	as long as short
Variational Omni LINK	+0.0031%	8h	13.109	+0.271%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.155%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	13.069	−0.038%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.087	+0.101%	$2.1M	$2.3M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.076	+0.017%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.069	−0.042%	$396K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.099	+0.191%	$78.0M	$23.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.092	+0.139%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.096	+0.170%	$274K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.083	+0.069%	$121.0M	$300.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.085	+0.084%	$84.3M	$69.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.088	+0.107%	$27.6M	$84.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.100	+0.199%	$184K	$170K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.093	+0.145%	$130.6M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.089	+0.115%	$35.7M	$55.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.094	+0.153%	$21.8M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.085	+0.084%	$54.1M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.086	+0.092%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.086	+0.092%	$362K	$370K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.105	+0.240%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.113	+0.300%	$590K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.109	+0.268%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.069	−0.038%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.072	−0.015%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.090	+0.124%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.075	+0.008%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.060	−0.107%	$639K	$905K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.085	+0.086%	$665K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.079	+0.041%	$548K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0104%	1h	13.074	long leg	$989K	$2.7M	50x
BloFin LINK-USDT	+0.0220%	8h	13.132	+0.444%	$5.3M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.067	−0.055%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0507%	1h	13.085	+0.082%	$6.9M	$7.7M	50x	as long as short
Phemex LINKUSDT	+0.0515%	8h	13.092	+0.138%	$20.2M	$11.5M	50x	as long as short