LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0267%/8h= −29.2% APRnext payment −$0.33 per $10,000 · paid last 24h −0.065%

Price spread now: GMX against Pacifica−0.199%7-day average +0.017% · you buy dearer than you sell

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

Long on Pacifica Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.232%−$23 on $10k

Price spread, last 3 days (all we have)+0.305%+$30 · spread now −0.199%, 7d avg +0.017%

Together, before fees+0.073%+ Points / potential airdropPacifica: Active · farm board+$7 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 0.216% cheaper against Pacifica than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.175	0.0100	pay 0.0013% / 1h	12m 54s	$276K	$150K	10x
Short	GMX LINK/USD [LINK-USDC]	13.149	L −0.0092% / S +0.0167%	pay 0.0021% / 1h	12m 54s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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 PacificabpFee GMXbpOrdersPrice spread, now −0.199%Rate

Funding earned: −$55.97
Price spread: −0.199% → +0.017%: −$21.62
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$97.6
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 10 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 Pacifica live order book, 10 min ago	3.04 bp	11.1 bp −$11	doesn't fit	doesn't fit	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 −0.0092% / S +0.0167%	1h	13.149	−0.199%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.147	−0.217%	$477K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.148	−0.208%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.152	−0.181%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0015%	1h	13.174	−0.010%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.185	+0.071%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.885%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.145	−0.230%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.144	−0.241%	$2.1M	$2.4M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	13.185	+0.072%	$3.3M	$1.5M	—	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	13.169	−0.045%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.162	−0.105%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.154	−0.162%	$77.5M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.149	−0.202%	$1.6M	$2.7M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.175	long leg	$276K	$150K	10x
Binance LINKUSDT	+0.0100%	8h	13.150	−0.193%	$122.1M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.146	−0.223%	$84.7M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.147	−0.215%	$27.8M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.189	+0.103%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.143	−0.246%	$130.4M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.142	−0.253%	$36.8M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.145	−0.230%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.141	−0.261%	$54.5M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.148	−0.208%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.182	+0.051%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.187	+0.088%	$595K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.184	+0.066%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.164	−0.086%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.142	−0.252%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.186	+0.083%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.139	−0.276%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.122	−0.402%	$645K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.141	−0.262%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.148	−0.212%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.161	−0.109%	$990K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.150	−0.193%	$366K	$373K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.143	−0.246%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.158	−0.135%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.159	−0.124%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.150	−0.194%	$6.9M	$7.9M	50x	as long as short