LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.026%

Price spread now: Injective against GMX−5.274%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 5.274% cheaper against GMX than usual: you would sell low and buy high (spread −5.274% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$527 on $10k: about 5 months of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	13.090	L −0.0091% / S +0.0166%	get 0.0011% / 1h	53m 10s	$1.7M	—	200x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	53m 10s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.274%Rate

Funding earned: $26.14
Price spread: −5.274% → 0.000%: −$527.39
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$513.28
Costs to cover: 0.120%
Break-even: 144.5 days

Slippage unknown: GMX: no order-book sample; Injective: 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 GMX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

GMX and Injective: 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 +0.0166%	1h	13.090	long leg	$1.7M	—	200x
dYdX LINK-USD	0.0000%	1h	13.085	−0.042%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.095	+0.038%	$457K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.090	−0.001%	$697K	$107K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.093	+0.019%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.127	+0.284%	$3K	$84K	10x	as long as short
Variational Omni LINK	+0.0031%	8h	13.109	+0.146%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−5.274%	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0056%	8h	13.080	−0.079%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.091	+0.002%	$2.1M	$2.3M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.086	−0.035%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.093	+0.024%	$399K	$315K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.103	+0.096%	$78.0M	$23.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.095	+0.035%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.085	−0.045%	$274K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.084	−0.049%	$121.0M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.081	−0.072%	$84.3M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.087	−0.026%	$27.6M	$84.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.109	+0.142%	$184K	$170K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.087	−0.026%	$130.5M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.089	−0.011%	$35.6M	$55.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.091	+0.005%	$21.7M	$16.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.088	−0.018%	$54.1M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.090	−0.003%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.101	+0.081%	$363K	$370K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.117	+0.201%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.133	+0.325%	$591K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.109	+0.142%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.096	+0.043%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.083	−0.059%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.098	+0.057%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.086	−0.033%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.037	−0.405%	$638K	$905K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.083	−0.058%	$665K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.090	0.000%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.095	+0.035%	$989K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.090	−0.003%	$5.2M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.094	+0.031%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.096	+0.045%	$6.9M	$7.7M	50x	as long as short
Phemex LINKUSDT	+0.0510%	8h	13.103	+0.096%	$20.2M	$11.5M	50x	as long as short