LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.070%

Price spread now: GMX against Aevo+0.020%7-day average +0.015% · you sell dearer than you buy

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

Long on Aevo Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.262%−$26 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.020%, 7d avg +0.015%

Together, before fees−0.297%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.841	0.0104	pay 0.0013% / 1h	31m 30s	$538K	$2K	3x
Short	GMX LINK/USD [LINK-USDC]	12.844	L −0.0089% / S +0.0166%	pay 0.0021% / 1h	31m 30s	$1.7M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aevo. 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 AevobpFee GMXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$56.69
Price spread: +0.020% → +0.015%: $0.5
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GMX: 6 bp × 2 orders: −$12
Net: −$84.19
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 18 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 Aevo live order book, 18 min ago	16.63 bp	29.1 bp −$29	166.3 bp −$1,663	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 −0.0089% / S +0.0166%	1h	12.844	+0.020%	$1.7M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.852	+0.086%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.845	+0.028%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.435%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0046%	8h	12.838	−0.024%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.854	+0.100%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.840	−0.009%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.839	−0.019%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.834	−0.057%	$342K	$341K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.840	−0.009%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.842	+0.007%	$273K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.838	−0.022%	$118.4M	$302.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.833	−0.063%	$82.7M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.834	−0.055%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.856	+0.116%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.836	−0.040%	$123.7M	$14.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.842	+0.007%	$32.9M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.844	+0.023%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.834	−0.055%	$53.6M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.839	−0.016%	—	$22.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.849	+0.062%	$335K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	+0.245%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.839	−0.016%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.839	−0.015%	$581K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.838	−0.024%	$131K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.840	−0.009%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.838	−0.021%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.861	+0.153%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.841	−0.001%	$10K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.827	−0.107%	$630K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.834	−0.059%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.841	long leg	$538K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0116%	1h	12.846	+0.037%	$793K	$239K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.866	+0.194%	$915K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.843	+0.015%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0224%	1h	12.848	+0.054%	$80.0M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.841	−0.002%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.834	−0.054%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0588%	8h	12.856	+0.116%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0903%	1h	12.836	−0.043%	$342K	$33K	10x	as long as short