LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0171%/8h= −18.7% APRnext payment −$0.21 per $10,000 · paid last 24h −0.038%

Price spread now: GMX against gTrade (Gains Network)−0.007%7-day average +0.021% · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.157%−$16 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.007%, 7d avg +0.021%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.028% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.881	L +0.0004% / S −0.0009%	pay 0.0001% / 1h	47m 53s	$158K	—	150x
Short	GMX LINK/USD [LINK-USDC]	12.880	L −0.0090% / S +0.0167%	pay 0.0021% / 1h	47m 53s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$35.87
Price spread: −0.007% → +0.021%: −$2.77
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$60.64
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 6 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 gTrade (Gains Network) virtual book (oracle venue), 6 min ago	130.05 bp	141.1 bp −$141	963.4 bp −$9,634	10292.4 bp −$1.03M	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 −0.0090% / S +0.0167%	1h	12.880	−0.007%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.890	+0.075%	$489K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.881	+0.005%	$769K	$189K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0009%	1h	12.881	long leg	$158K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.732%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0060%	8h	12.875	−0.044%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.873	−0.056%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.878	−0.021%	$938K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.925	+0.344%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.883	+0.019%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.891	+0.080%	$390K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.884	+0.022%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.882	+0.014%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.872	−0.068%	$119.0M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.870	−0.083%	$83.1M	$71.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.875	−0.044%	$27.2M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.907	+0.204%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.871	−0.075%	$127.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.876	−0.036%	$31.9M	$56.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.880	−0.005%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.874	−0.052%	$53.5M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.872	−0.068%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.882	+0.010%	$337K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.903	+0.175%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	+0.487%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	+0.449%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	+0.259%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.889	+0.064%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.877	−0.026%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.896	+0.120%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.873	−0.060%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.871	−0.074%	$630K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.870	−0.083%	$629K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.886	+0.039%	$540K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.886	+0.041%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0369%	1h	12.893	+0.095%	$80.8M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.880	−0.006%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0397%	1h	12.874	−0.050%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0609%	8h	12.890	+0.072%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0717%	1h	12.885	+0.036%	$341K	$30K	10x	as long as short