LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.017%

Price spread now: gTrade (Gains Network) against GMX0.000%7-day average −0.023% · you buy dearer than you sell

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

Long on GMX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.083%+$8 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now 0.000%, 7d avg −0.023%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.022% dearer against GMX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	13.259	L −0.0090% / S +0.0167%	get 0.0011% / 1h	52m 42s	$1.8M	—	200x
Short	gTrade (Gains Network) LINK/USD	13.259	L +0.0004% / S −0.0007%	get 0.0001% / 1h	52m 42s	$135K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now 0.000%Rate

Funding earned: $20.31
Price spread: 0.000% → −0.023%: $2.22
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $0.53
Costs to cover: 0.220%
Break-even: 6.8 days

Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 21 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 gTrade (Gains Network) virtual book (oracle venue), 21 min ago	130.05 bp	142.5 bp −$143	1049.2 bp −$10.5K	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 −0.0090% / S +0.0167%	1h	13.259	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.255	−0.031%	$476K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0007%	1h	13.259	0.000%	$135K	—	150x
Phoenix LINK	+0.0012%	1h	13.224	−0.265%	$4K	$84K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0014%	1h	13.263	+0.029%	$727K	$128K	50x	as long as short
dYdX LINK-USD	+0.0033%	1h	13.248	−0.084%	$351K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.479%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.258	−0.008%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.239	−0.153%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.240	−0.146%	$32K	$3K	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	13.257	−0.019%	$406K	$313K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.251	−0.062%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.244	−0.110%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.240	−0.144%	$123.3M	$303.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.237	−0.166%	$85.5M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.243	−0.121%	$27.9M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.259	0.000%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.258	−0.008%	$131.4M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.242	−0.129%	$37.0M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.250	−0.068%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.241	−0.136%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.252	−0.053%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.231	−0.214%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.250	−0.069%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.248	−0.083%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.228	−0.234%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.264	+0.037%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.254	−0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.276	+0.125%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.260	+0.007%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.229	−0.227%	$651K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.248	−0.084%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.260	+0.004%	$556K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.251	−0.061%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.249	−0.076%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0301%	1h	13.263	+0.030%	$78.4M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.259	−0.002%	$5K	—	20x	as long as short
Backpack LINK_USDC_PERP	+0.0392%	1h	13.270	+0.083%	$366K	$381K	15x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.274	+0.113%	$20.6M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0473%	1h	13.269	+0.075%	$7.0M	$8.2M	50x	as long as short