LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0247%/8h= +27.1% APRnext payment +$0.31 per $10,000 · paid last 24h +0.044%

Price spread now: Coinbase International against GMX+0.084%7-day average −0.001% · you sell dearer than you buy

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

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.172%+$17 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.084%, 7d avg −0.001%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.085% dearer against GMX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.892	L −0.0087% / S +0.0165%	get 0.0011% / 1h	52m 42s	$1.7M	—	200x
Short	Coinbase International LINK-PERP-INTX	12.903	0.0160	get 0.0020% / 1h	52m 42s	$929K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.084%Rate

Funding earned: $51.96
Price spread: +0.084% → −0.001%: $8.47
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $38.43
Costs to cover: 0.220%
Break-even: 1.8 days

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 1 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 1 min ago	0.77 bp	13.5 bp −$14	16.3 bp −$163	doesn't fit	doesn't fit

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]long	L −0.0087% / S +0.0165%	1h	12.892	long leg	$1.7M	—	200x
Orderly PERP_LINK_USDC	−0.0053%	8h	12.886	−0.048%	$91K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.903	+0.081%	$513K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.899	+0.050%	$806K	$268K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.892	+0.002%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.818%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.902	+0.075%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.896	+0.033%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.886	−0.048%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.897	+0.037%	$354K	$339K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.904	+0.092%	$80.8M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.897	+0.037%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.896	+0.028%	$274K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.890	−0.018%	$119.1M	$299.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.885	−0.056%	$83.3M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.886	−0.048%	$27.1M	$79.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.910	+0.138%	$180K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.897	+0.037%	$133.5M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.891	−0.009%	$33.7M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.892	−0.002%	$22.8M	$12.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.887	−0.040%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.888	−0.033%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.900	+0.061%	$335K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	−0.148%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	+0.059%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.896	+0.029%	$581K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.900	+0.061%	$132K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.900	+0.061%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.888	−0.030%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.911	+0.146%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.892	−0.002%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.896	+0.026%	$630K	$778K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.896	+0.030%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.893	+0.007%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.893	+0.005%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0160%	1h	12.903	+0.084%	$929K	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	12.898	+0.045%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.888	−0.034%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0555%	8h	12.909	+0.130%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0575%	1h	12.902	+0.074%	$344K	$45K	10x	as long as short