LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.043%

Price spread now: Lighter against GMX+0.086%7-day average −0.044% · you sell dearer than you buy

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.125%+$13 on $10k

Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.086%, 7d avg −0.044%

Together, before fees−0.039%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.129% dearer against GMX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	13.165	L −0.0091% / S +0.0167%	get 0.0011% / 1h	15m 45s	$1.8M	—	200x
Short	Lighter LINK	13.176	0.0096	get 0.0012% / 1h	15m 45s	$2.0M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.086%Rate

Funding earned: $39.28
Price spread: +0.086% → −0.044%: $12.9
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $40.18
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 6 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 Lighter live order book, 6 min ago	0.76 bp	0.8 bp −$1	9.1 bp −$91	67.4 bp −$6,738	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	13.165	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.165	0.000%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.165	+0.006%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.808%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.022%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	13.164	−0.004%	$133K	$1.5M	20x	as long as short
Lighter LINKshort	+0.0096%	1h	13.176	+0.086%	$2.0M	$2.7M	10x
Paradex LINK-USD-PERP	+0.0099%	8h	13.207	+0.320%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.161	−0.023%	$404K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.179	+0.107%	$1.4M	$3.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.180	+0.119%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.182	+0.132%	$122.4M	$299.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.178	+0.102%	$85.0M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.177	+0.095%	$27.6M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.189	+0.186%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.176	+0.087%	$130.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.181	+0.125%	$37.2M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.185	+0.155%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.175	+0.079%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.178	+0.102%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.154	−0.077%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	−0.075%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	−0.047%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	−0.050%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.168	+0.026%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.164	−0.001%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.172	+0.059%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.175	+0.079%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.152	−0.091%	$648K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.172	+0.058%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.172	+0.054%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.180	+0.117%	$1.0M	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0175%	1h	13.175	+0.083%	$782K	$211K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0178%	1h	13.180	+0.117%	$365K	$364K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.141	−0.179%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.183	+0.142%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.161	−0.024%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0457%	1h	13.180	+0.116%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0557%	1h	13.191	+0.201%	$81.5M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0615%	8h	13.183	+0.140%	$20.4M	$11.6M	50x	as long as short