LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.079%

Price spread now: gTrade (Gains Network) against Hyperliquid−0.047%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$2982.976% of the position

Long on Hyperliquid Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.139%−$14 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.047%, 7d avg −0.080%

Together, before fees−0.102%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.032% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.080%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LINK	13.095	0.0100	pay 0.0013% / 1h	41m 17s	$77.2M	$23.6M	10x
Short	gTrade (Gains Network) LINK/USD	13.089	L +0.0003% / S −0.0002%	get 0.0000% / 1h	41m 17s	$82K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Hyperliquid. 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 HyperliquidbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.047%Rate

Funding earned: −$20.53
Price spread: −0.047% → −0.080%: $3.25
Slippage, 4 orders: −$278.62
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$314.9
Costs to cover: 2.976%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; gTrade (Gains Network): virtual book (oracle venue), 47 min ago.

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 Hyperliquid live order book, 12 min ago	0.38 bp	6.8 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 47 min ago	130.05 bp	142.5 bp −$143	1049.2 bp −$10.5K	doesn't fit	doesn't fit

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]	L −0.0091% / S +0.0165%	1h	13.087	−0.059%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.089	−0.043%	$465K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.090	−0.035%	$702K	$112K	50x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0003% / S −0.0002%	1h	13.089	−0.047%	$82K	—	150x
Phoenix LINK	+0.0018%	1h	13.080	−0.115%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.307%	$4K	$48K	12x	as long as short
dYdX LINK-USD	+0.0039%	1h	13.082	−0.102%	$346K	$60K	10x	as long as short
Variational Omni LINK	+0.0043%	8h	13.084	−0.087%	$3.3M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	13.080	−0.115%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.091	−0.029%	$2.1M	$2.4M	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	13.082	−0.097%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.075	−0.149%	$398K	$319K	10x	as long as short
Hyperliquid LINKlong	+0.0100%	1h	13.095	long leg	$77.2M	$23.6M	10x
Aster LINKUSDT	+0.0100%	8h	13.090	−0.041%	$1.5M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.082	−0.097%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.085	−0.073%	$120.9M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.087	−0.061%	$84.3M	$69.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.085	−0.076%	$27.6M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.105	+0.076%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.086	−0.069%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.085	−0.076%	$35.7M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.089	−0.046%	$21.9M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.085	−0.076%	$54.1M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.087	−0.061%	—	$21.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.090	−0.038%	$361K	$370K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.075	−0.152%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.074	−0.160%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.081	−0.107%	$152K	$662K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.091	−0.031%	$80K	$65K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.084	−0.086%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.098	+0.024%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.087	−0.061%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.068	−0.203%	$639K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.084	−0.083%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.089	−0.047%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.096	+0.008%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.088	−0.053%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.089	−0.049%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0500%	8h	13.103	+0.061%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.096	+0.011%	$7.0M	$7.8M	50x	as long as short