LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0399%/8h= −43.7% APRnext payment −$0.50 per $10,000 · paid last 24h −0.054%

Price spread now: gTrade (Gains Network) against dYdX+0.011%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$402as in the Price arb table

costs, in and out, $10k−$4034.028% of the position

Long on dYdX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.264%−$26 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now +0.011%, 7d avg −0.002%

Together, before fees−0.105%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	12.983	0.0408	pay 0.0051% / 1h	40m 21s	$344K	$30K	10x
Short	gTrade (Gains Network) LINK/USD	12.984	L +0.0004% / S −0.0009%	get 0.0001% / 1h	40m 21s	$159K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against dYdX. 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 dYdXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.011%Rate

Funding earned: −$83.8
Price spread: +0.011% → −0.002%: $1.27
Slippage, 4 orders: −$382.79
Fee dYdX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$485.32
Costs to cover: 4.028%
Break-even: never at this rate

Slippage from dYdX: live order book, 24 min ago; gTrade (Gains Network): virtual book (oracle venue), 19 min ago.

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 dYdX live order book, 24 min ago	54.59 bp	59.6 bp −$60	59.6 bp −$596	131.3 bp −$13.1K	421.1 bp −$210.6K
Sell gTrade (Gains Network) virtual book (oracle venue), 19 min ago	130.06 bp	142.5 bp −$143	1049.2 bp −$10.5K	doesn't fit	doesn't fit

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	12.982	−0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.984	+0.009%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0009%	1h	12.984	+0.011%	$159K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.490%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.977	−0.045%	$937K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.981	−0.015%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.982	−0.005%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.983	0.000%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.991	+0.059%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.989	+0.051%	$395K	$315K	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	12.992	+0.069%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.987	+0.030%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.985	+0.018%	$119.7M	$296.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.981	−0.015%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.984	+0.008%	$27.4M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.003	+0.155%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.989	+0.047%	$128.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.987	+0.032%	$32.0M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.995	+0.093%	$23.0M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.984	+0.008%	$54.0M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.984	+0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.092%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.006	+0.177%	$43K	$304K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.213%	$583K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.011	+0.216%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.994	+0.085%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.983	+0.001%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.007	+0.185%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.984	+0.008%	$14K	$49K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.969	−0.109%	$640K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.979	−0.032%	$692K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.986	+0.025%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0105%	1h	12.986	+0.024%	$339K	$378K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0151%	1h	12.989	+0.043%	$771K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.979	−0.030%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.984	+0.011%	$4K	—	20x	as long as short
dYdX LINK-USDlong	+0.0408%	1h	12.983	long leg	$344K	$30K	10x
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.984	+0.012%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0631%	8h	12.987	+0.032%	$20.0M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0680%	1h	13.004	+0.162%	$81.3M	$27.1M	10x	as long as short