LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.11 per $10,000 · paid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Polymarket Perps−0.145%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 gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.145% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	12.989	0.0100	pay 0.0013% / 1h	28m 42s	$81K	$70K	10x
Short	gTrade (Gains Network) LINK/USD	12.970	L +0.0004% / S −0.0008%	get 0.0001% / 1h	28m 42s	$149K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.145%Rate

Funding earned: −$19.28
Price spread: −0.145% → 0.000%: −$14.47
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$51.75
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 35 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 gTrade (Gains Network) virtual book (oracle venue), 35 min ago	130.04 bp	142.5 bp −$143	1049.2 bp −$10.5K	doesn't fit	doesn't fit

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 39 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	12.970	−0.146%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.974	−0.114%	$472K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0008%	1h	12.970	−0.145%	$149K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.535%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.972	−0.129%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.967	−0.169%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.990	+0.008%	$955K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0074%	1h	12.974	−0.112%	$770K	$212K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.983	−0.044%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.041	+0.404%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.978	−0.081%	$395K	$317K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.985	−0.034%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.990	+0.009%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.996	+0.052%	$119.4M	$304.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.991	+0.015%	$83.8M	$72.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.996	+0.054%	$27.3M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.004	+0.115%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.980	−0.069%	$128.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.998	+0.069%	$33.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.998	+0.069%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.985	−0.031%	$54.1M	$30.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.979	−0.077%	—	$23.0M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.981	−0.062%	$337K	$386K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	−0.281%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.963	−0.204%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	−0.352%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.961	−0.216%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	12.989	long leg	$81K	$70K	10x
Derive LINK-PERP	+0.0100%	1h	12.968	−0.165%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.980	−0.068%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.964	−0.192%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.972	−0.128%	$640K	$860K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.977	−0.096%	$661K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.967	−0.166%	$544K	$2K	3x	as long as short
dYdX LINK-USD	+0.0296%	1h	12.986	−0.023%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.973	−0.127%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0402%	1h	12.999	+0.077%	$79.7M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.966	−0.178%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0622%	8h	12.982	−0.054%	$20.0M	$11.5M	50x	as long as short