LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0195%/8h= +21.4% APRnext payment +$0.24 per $10,000 · paid last 24h +0.034%

Price spread now: Extended against GMX−0.075%7-day average −0.081% · you buy dearer than you sell

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

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.148%+$15 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.075%, 7d avg −0.081%

Together, before fees+0.137%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.081%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	13.204	L −0.0091% / S +0.0167%	get 0.0011% / 1h	40m 58s	$1.8M	—	200x
Short	Extended LINK-USD	13.194	0.0104	get 0.0013% / 1h	40m 58s	$729K	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GMX. 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 GMXbpFee ExtendedbpOrdersPrice spread, now −0.075%Rate

Funding earned: $40.96
Price spread: −0.075% → −0.081%: $0.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $24.51
Costs to cover: 0.170%
Break-even: 2.8 days

Slippage unknown: GMX: no order-book sample; Extended: live order book, 3 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 Extended live order book, 3 min ago	1.14 bp	6.5 bp −$7	7.8 bp −$78	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 −0.0091% / S +0.0167%	1h	13.204	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.216	+0.090%	$475K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.210	+0.044%	$777K	$195K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.205	+0.007%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.087%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.320%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.201	−0.020%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.203	−0.005%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.189	−0.109%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.197	−0.051%	$404K	$310K	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	13.203	−0.003%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.203	−0.009%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.192	−0.088%	$122.5M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.189	−0.111%	$85.1M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.192	−0.088%	$27.9M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.213	+0.071%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.198	−0.043%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.193	−0.081%	$36.7M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.202	−0.013%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.201	−0.020%	$54.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.190	−0.104%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.197	−0.047%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.186	−0.136%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.196	−0.060%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.285%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.206	+0.018%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.202	−0.009%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.219	+0.119%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.204	+0.002%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.184	−0.147%	$648K	$870K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	13.194	−0.075%	$729K	$1.9M	25x
Aevo LINK-PERP	+0.0104%	1h	13.204	+0.003%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.209	+0.040%	$1.0M	$2.8M	50x	as long as short
dYdX LINK-USD	+0.0194%	1h	13.201	−0.021%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0209%	1h	13.207	+0.025%	$367K	$371K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	−0.028%	$5.3M	$16.5M	75x	as long as short
Phemex LINKUSDT	+0.0268%	8h	13.219	+0.116%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.212	+0.063%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.201	−0.018%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0540%	1h	13.218	+0.109%	$81.0M	$25.2M	10x	as long as short