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 +0.032%

Price spread now: SoDEX against GMX+0.173%55s7-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 SoDEX

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 SoDEX is 0.173% dearer against GMX than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	13.027	L −0.0090% / S +0.0167%	get 0.0011% / 1h	24m 29s	$1.8M	—	200x
Short	SoDEX LINK-USD	13.050	0.0100	get 0.0013% / 1h	24m 29s	$15K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.173%Rate

Funding earned: $39.95
Price spread: +0.173% → 0.000%: $17.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $37.25
Costs to cover: 0.200%
Break-even: 0.5 days

Slippage unknown: GMX: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

GMX and SoDEX: 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	13.027	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.052	+0.188%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.030	+0.017%	$150K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.817%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.024	−0.027%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.028	+0.004%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.041	+0.104%	$956K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.044	+0.127%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.030	+0.023%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.032	+0.037%	$396K	$322K	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	13.039	+0.087%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.046	+0.139%	$276K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.031	+0.025%	$119.6M	$303.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.024	−0.027%	$84.1M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.032	+0.035%	$27.4M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.049	+0.165%	$183K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.032	+0.035%	$128.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.031	+0.027%	$33.2M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.033	+0.042%	$22.6M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.030	+0.019%	$54.2M	$31.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.032	+0.035%	—	$23.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.044	+0.130%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.024	−0.025%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.020	−0.054%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.992	−0.272%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.036	+0.065%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.026	−0.008%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.058	+0.234%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	13.050	+0.173%	$15K	$41K	10x
HTX LINK-USDT	+0.0100%	8h	13.037	+0.072%	$643K	$859K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.029	+0.008%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.033	+0.041%	$547K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.053	+0.196%	$339K	$386K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0164%	1h	13.054	+0.207%	$775K	$212K	50x	as long as short
dYdX LINK-USD	+0.0263%	1h	13.048	+0.156%	$346K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.029	+0.015%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0446%	1h	13.048	+0.158%	$80.6M	$26.2M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0499%	1h	13.055	+0.208%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0606%	8h	13.059	+0.242%	$20.2M	$11.5M	50x	as long as short