LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0647%/8h= −70.8% APRnext payment −$0.81 per $10,000 · paid last 24h −0.086%

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

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

Long on dYdX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.404%−$40 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.020%, 7d avg +0.020%

Together, before fees−0.307%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and GMX is 0.040% cheaper against dYdX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	13.183	0.0480	pay 0.0060% / 1h	28m 10s	$349K	$48K	10x
Short	GMX LINK/USD [LINK-USDC]	13.181	L −0.0091% / S +0.0167%	pay 0.0021% / 1h	28m 10s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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 dYdXbpFee GMXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$135.81
Price spread: −0.020% → +0.020%: −$4.01
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$161.82
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 46 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 dYdX live order book, 46 min ago	44.42 bp	49.4 bp −$49	55.2 bp −$552	101.1 bp −$10.1K	139.2 bp −$69.6K
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	13.181	−0.020%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.185	+0.015%	$474K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.181	−0.016%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.943%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.191%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	13.185	+0.012%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.182	−0.010%	$2.0M	$2.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	13.192	+0.063%	$783K	$211K	50x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.227	+0.327%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.185	+0.012%	$405K	$309K	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	13.182	−0.011%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.189	+0.039%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.182	−0.010%	$122.5M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.178	−0.042%	$84.8M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.180	−0.026%	$27.6M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.200	+0.125%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.183	−0.004%	$130.5M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.181	−0.019%	$37.2M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.187	+0.027%	$23.0M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.176	−0.057%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.182	−0.011%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	−0.061%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.183	0.000%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.174	−0.070%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.205	+0.163%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.184	+0.004%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.183	0.000%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.188	+0.038%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.183	−0.004%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.179	−0.035%	$648K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.179	−0.033%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.188	+0.035%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.177	−0.049%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0188%	1h	13.191	+0.057%	$368K	$369K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.167	−0.125%	$5.3M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.190	+0.052%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.179	−0.031%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0471%	8h	13.200	+0.125%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USDlong	+0.0480%	1h	13.183	long leg	$349K	$48K	10x
Hyperliquid LINK	+0.0581%	1h	13.194	+0.080%	$81.6M	$25.1M	10x	as long as short