LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0670%/8h= +73.3% APRnext payment +$0.84 per $10,000 · paid last 24h +0.063%

Price spread now: dYdX against gTrade (Gains Network)−0.072%7-day average +0.006% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$375as in the Price arb table

costs, in and out, $10k−$3673.668% of the position

Long on gTrade (Gains Network)Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.288%+$29 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.072%, 7d avg +0.006%

Together, before fees+0.253%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.077% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.006%). If the spread goes back, that is −$8 on $10k: about 9 hours of funding at the current rate (+$20 a day). At the pace of the last 3 days (+0.288% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.926	L +0.0004% / S −0.0005%	pay 0.0001% / 1h	16m 38s	$157K	—	150x
Short	dYdX LINK-USD	12.916	0.0674	get 0.0084% / 1h	16m 38s	$344K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee dYdXbpOrdersPrice spread, now −0.072%Rate

Funding earned: $140.61
Price spread: −0.072% → +0.006%: −$7.73
Slippage, 4 orders: −$346.84
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$233.96
Costs to cover: 3.668%
Break-even: 18.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 27 min ago; dYdX: live order book, 32 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 gTrade (Gains Network) virtual book (oracle venue), 27 min ago	130.04 bp	141.1 bp −$141	963.5 bp −$9,635	10292.5 bp −$1.03M	doesn't fit
Sell dYdX live order book, 32 min ago	36.55 bp	41.7 bp −$42	163.2 bp −$1,632	177.3 bp −$17.7K	224.9 bp −$112.4K

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 −0.0089% / S +0.0166%	1h	12.924	−0.015%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.932	+0.049%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0005%	1h	12.926	long leg	$157K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.066%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0036%	8h	12.918	−0.059%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.924	−0.010%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.920	−0.040%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.918	−0.062%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.921	−0.032%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.923	−0.016%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.921	−0.032%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.921	−0.036%	$118.8M	$302.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.917	−0.067%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.918	−0.059%	$27.4M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.938	+0.096%	$181K	$97K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.915	−0.082%	$124.2M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.919	−0.051%	$32.8M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.921	−0.036%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.921	−0.036%	$54.0M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.920	−0.043%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.297%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.895	−0.233%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.927	+0.011%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.937	+0.088%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.932	+0.050%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.924	−0.013%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.943	+0.132%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.926	+0.003%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	−0.200%	$617K	$782K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.917	−0.070%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.927	+0.011%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0107%	1h	12.930	+0.034%	$337K	$390K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.947	+0.166%	$921K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0199%	1h	12.932	+0.049%	$801K	$246K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.925	−0.005%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0234%	1h	12.933	+0.057%	$80.5M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.928	+0.016%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.925	−0.008%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0564%	8h	12.938	+0.096%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USDshort	+0.0674%	1h	12.916	−0.072%	$344K	$33K	10x