LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0087%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h +0.029%

Price spread now: dYdX against Polymarket Perps−0.070%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.607%+$61 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.070% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.607%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	13.140	0.0100	pay 0.0013% / 1h	2m 51s	$80K	$68K	10x
Short	dYdX LINK-USD	13.131	0.0013	get 0.0002% / 1h	2m 51s	$348K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Polymarket Perps. 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 Polymarket PerpsbpFee dYdXbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$18.35
Price spread: −0.070% → 0.000%: −$7.01
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$43.36
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; dYdX: live order book, 21 min ago. 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell dYdX live order book, 21 min ago	125.69 bp	130.7 bp −$131	130.7 bp −$1,307	133.9 bp −$13.4K	195.3 bp −$97.6K

Polymarket Perps: 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]	L −0.0090% / S +0.0167%	1h	13.137	−0.020%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.141	+0.008%	$469K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.142	+0.017%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.137	−0.019%	$133K	—	150x	as long as short
dYdX LINK-USDshort	+0.0013%	1h	13.131	−0.070%	$348K	$60K	10x
Phoenix LINK	+0.0018%	1h	13.136	−0.028%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.632%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.137	−0.023%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.142	+0.017%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.136	−0.029%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.138	−0.015%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.149	+0.068%	$77.5M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.140	−0.002%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.137	−0.026%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.139	−0.010%	$121.6M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.136	−0.030%	$84.6M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.138	−0.015%	$27.7M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.149	+0.068%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.138	−0.015%	$130.4M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.138	−0.015%	$36.6M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.143	+0.023%	$22.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.139	−0.008%	$54.4M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.136	−0.030%	—	$21.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.121	−0.145%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.120	−0.150%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.112	−0.215%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.126	−0.107%	$153K	$665K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.140	long leg	$80K	$68K	10x
Derive LINK-PERP	+0.0100%	1h	13.135	−0.042%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.155	+0.113%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.139	−0.008%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.120	−0.155%	$645K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.136	−0.028%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.142	+0.011%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.126	−0.107%	$988K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0112%	1h	13.149	+0.068%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.130	−0.076%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.138	−0.019%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0475%	8h	13.155	+0.114%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.149	+0.067%	$6.9M	$8.0M	50x	as long as short