LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0190%/8h= +20.8% APRnext payment +$0.24 per $10,000 · paid last 24h +0.046%

Price spread now: Polymarket Perps against GMX+0.050%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Polymarket Perps

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Polymarket Perps is 0.050% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.962	L −0.0090% / S +0.0167%	get 0.0011% / 1h	31m 06s	$1.8M	—	200x
Short	Polymarket Perps LINK-USD	12.968	0.0100	get 0.0013% / 1h	31m 06s	$80K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.050%Rate

Funding earned: $39.95
Price spread: +0.050% → 0.000%: $4.97
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $24.92
Costs to cover: 0.200%
Break-even: 2.6 days

Slippage unknown: GMX: no order-book sample; Polymarket Perps: 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 Polymarket Perps no order-book sample	—	—	—	—	—

GMX and Polymarket Perps: 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 39 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	12.962	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.965	+0.030%	$471K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.961	−0.007%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.333%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.978	+0.128%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	12.959	−0.020%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.951	−0.081%	$952K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.958	−0.027%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.000	+0.293%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.958	−0.024%	$394K	$317K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.967	+0.039%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.963	+0.013%	$275K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.964	+0.016%	$119.1M	$305.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.957	−0.035%	$83.6M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.963	+0.011%	$27.2M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.975	+0.104%	$181K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.961	−0.004%	$128.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.960	−0.012%	$33.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.963	+0.011%	$22.5M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.961	−0.004%	$53.9M	$31.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.961	−0.004%	—	$23.0M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.969	+0.057%	$337K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	−0.070%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.955	−0.053%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	−0.141%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.958	−0.027%	$133K	$684K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	12.968	+0.050%	$80K	$70K	10x
Derive LINK-PERP	+0.0100%	1h	12.959	−0.019%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.974	+0.098%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.961	−0.004%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.950	−0.087%	$639K	$864K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.957	−0.038%	$658K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.971	+0.076%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0221%	1h	12.967	+0.042%	$770K	$212K	50x	as long as short
dYdX LINK-USD	+0.0302%	1h	12.955	−0.048%	$343K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.963	+0.012%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0393%	1h	12.973	+0.088%	$79.5M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.965	+0.029%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0636%	8h	12.978	+0.127%	$20.0M	$11.5M	50x	as long as short