LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0263%/8h= −28.8% APRnext payment −$0.33 per $10,000 · paid last 24h −0.062%

Price spread now: GMX against Lighter−0.035%7-day average +0.044% · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.191%−$19 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.035%, 7d avg +0.044%

Together, before fees−0.078%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.078% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINK	13.138	0.0096	pay 0.0012% / 1h	17m 20s	$2.0M	$2.7M	10x
Short	GMX LINK/USD [LINK-USDC]	13.134	L −0.0091% / S +0.0167%	pay 0.0021% / 1h	17m 20s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$55.25
Price spread: −0.035% → +0.044%: −$7.81
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$75.06
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 5 min ago; 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 Lighter live order book, 5 min ago	0.76 bp	4.1 bp −$4	10.9 bp −$109	83.5 bp −$8,348	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	13.134	−0.035%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.149	+0.078%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.136	−0.018%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.620%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.221%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0039%	1h	13.142	+0.027%	$780K	$211K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	13.134	−0.033%	$133K	$1.5M	20x	as long as short
Lighter LINKlong	+0.0096%	1h	13.138	long leg	$2.0M	$2.7M	10x
Paradex LINK-USD-PERP	+0.0099%	8h	13.184	+0.349%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.148	+0.077%	$403K	$307K	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	13.144	+0.040%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.144	+0.040%	$275K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.146	+0.058%	$122.1M	$299.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.144	+0.043%	$84.7M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.135	−0.026%	$27.5M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.158	+0.149%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.141	+0.020%	$130.2M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.142	+0.027%	$36.7M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.147	+0.065%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.136	−0.018%	$54.5M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.135	−0.026%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.144%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	+0.124%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	+0.152%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	+0.149%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.148	+0.073%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.134	−0.032%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.150	+0.092%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.137	−0.011%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.138	−0.003%	$646K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.131	−0.055%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.137	−0.011%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.153	+0.111%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0176%	1h	13.159	+0.157%	$364K	$364K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.141	+0.020%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.146	+0.055%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.138	−0.006%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0454%	1h	13.141	+0.018%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0552%	1h	13.161	+0.172%	$81.3M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0689%	8h	13.155	+0.126%	$20.4M	$11.6M	50x	as long as short