LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0267%/8h= −29.2% APRnext payment −$0.33 per $10,000 · paid last 24h −0.060%

Price spread now: GMX against Derive+0.010%7-day average — · you sell dearer than you buy

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

Long on Derive Short on GMX

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	Derive LINK-PERP	13.199	0.0100	pay 0.0013% / 1h	43m 09s	$16K	$22K	10x
Short	GMX LINK/USD [LINK-USDC]	13.201	L −0.0091% / S +0.0167%	pay 0.0021% / 1h	43m 09s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Derive. 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 DerivebpFee GMXbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$56.09
Price spread: +0.010% → 0.000%: $1.03
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$73.07
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Derive and 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 +0.0167%	1h	13.201	+0.010%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.187	−0.091%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.199	−0.001%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0023%	1h	13.207	+0.056%	$764K	$182K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.057%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.288%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.198	−0.011%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.200	0.000%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.184	−0.120%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.194	−0.038%	$404K	$311K	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	13.200	+0.004%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.189	−0.081%	$276K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.198	−0.014%	$122.5M	$305.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.193	−0.049%	$85.0M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.199	−0.004%	$27.9M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.199	−0.004%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.195	−0.034%	$130.7M	$12.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.198	−0.011%	$36.8M	$58.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.204	+0.034%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.194	−0.041%	$54.9M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.197	−0.019%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.402%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.156	−0.328%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.161	−0.292%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.254%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.199	−0.004%	$82K	$69K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	13.199	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.216	+0.123%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.198	−0.011%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.170	−0.223%	$648K	$871K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.196	−0.028%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.202	+0.018%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.198	−0.011%	$1.0M	$2.8M	50x	as long as short
Phemex LINKUSDT	+0.0140%	8h	13.210	+0.080%	$20.4M	$11.6M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0182%	1h	13.170	−0.223%	$365K	$369K	15x	as long as short
dYdX LINK-USD	+0.0219%	1h	13.184	−0.119%	$349K	$48K	10x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	−0.026%	$5.3M	$16.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.205	+0.038%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.194	−0.041%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0522%	1h	13.217	+0.133%	$80.7M	$25.0M	10x	as long as short