LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0200%/8h= −22.0% APRnext payment −$0.25 per $10,000 · paid last 24h −0.045%

Price spread now: GMX against Injective+6.558%57s7-day average — · you sell dearer than you buy

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

Long on Injective Short on GMX

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

The price spread pays, funding is against you. GMX is 6.558% dearer against Injective than usual: you sell high and buy low (spread +6.558% now, against zero (this spread has no 7-day history yet)): +$656 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 57 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	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	41m 43s	$4K	$48K	12x
Short	GMX LINK/USD [LINK-USDC]	13.213	L −0.0091% / S +0.0167%	pay 0.0021% / 1h	41m 43s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now +6.558%Rate

Funding earned: −$42.1
Price spread: +6.558% → 0.000%: $655.75
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: $601.64
Costs to cover: 0.120%
Break-even: from the start

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

Injective and 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]short	L −0.0091% / S +0.0167%	1h	13.213	+6.558%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.213	+6.557%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.215	+6.573%	$134K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Phoenix LINK	+0.0036%	1h	13.161	+6.140%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.213	+6.556%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0083%	1h	13.222	+6.629%	$768K	$185K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.199	+6.444%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.202	+6.472%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.211	+6.540%	$405K	$310K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.210	+6.534%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.205	+6.495%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.197	+6.424%	$122.5M	$304.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.191	+6.379%	$85.1M	$71.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.190	+6.371%	$27.9M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	+6.605%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.206	+6.500%	$130.8M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.208	+6.516%	$36.9M	$58.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.210	+6.532%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.202	+6.468%	$54.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.203	+6.476%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	+6.020%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.156	+6.098%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.161	+6.136%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	+6.177%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.215	+6.573%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.213	+6.552%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.227	+6.671%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.213	+6.556%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.192	+6.388%	$649K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.199	+6.445%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.215	+6.574%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.214	+6.565%	$1.0M	$2.8M	50x	as long as short
Phemex LINKUSDT	+0.0155%	8h	13.223	+6.637%	$20.5M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0194%	1h	13.201	+6.459%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0208%	1h	13.227	+6.669%	$368K	$370K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	+6.419%	$5.3M	$16.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.220	+6.611%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.209	+6.527%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0538%	1h	13.225	+6.653%	$80.9M	$25.1M	10x	as long as short