LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0990%/8h= +108.4% APRnext payment +$1.24 per $10,000 · paid last 24h +0.080%

Price spread now: dYdX against GMX−0.107%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 GMX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.367%+$37 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.107%, 7d avg −0.017%

Together, before fees+0.344%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.090% cheaper against GMX than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.017%). If the spread goes back, that is −$9 on $10k: about 7 hours of funding at the current rate (+$30 a day). At the pace of the last 3 days (+0.367% in total) that is about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.950	L −0.0089% / S +0.0166%	get 0.0011% / 1h	20m 23s	$1.8M	—	200x
Short	dYdX LINK-USD	12.936	0.0902	get 0.0113% / 1h	20m 23s	$344K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against GMX. 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 GMXbpFee dYdXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $207.93
Price spread: −0.107% → −0.017%: −$9.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $176.9
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: GMX: no order-book sample; dYdX: live order book, 34 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 GMX no order-book sample	—	—	—	—	—
Sell dYdX live order book, 34 min ago	33.30 bp	38.3 bp −$38	149.8 bp −$1,498	173.8 bp −$17.4K	212.3 bp −$106.1K

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]long	L −0.0089% / S +0.0166%	1h	12.950	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.939	−0.085%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.951	+0.008%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.244%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	12.937	−0.097%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.914	−0.274%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.930	−0.149%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.946	−0.030%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.942	−0.058%	$391K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.949	−0.004%	$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	12.941	−0.063%	$276K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.952	+0.017%	$120.3M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.946	−0.027%	$83.6M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.950	+0.003%	$27.4M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.963	+0.104%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.933	−0.128%	$128.2M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.952	+0.019%	$32.8M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.955	+0.042%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.950	+0.003%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.950	+0.003%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.935	−0.112%	$339K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.935	−0.111%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.927	−0.176%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.938	−0.086%	$586K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.932	−0.136%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.957	+0.058%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.939	−0.085%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.953	+0.027%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.941	−0.066%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.920	−0.228%	$634K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.942	−0.058%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.943	−0.052%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.950	+0.003%	$924K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.948	−0.015%	$786K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.943	−0.051%	$5.3M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.946	−0.030%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0317%	1h	12.963	+0.104%	$81.0M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.949	−0.001%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0543%	8h	12.949	−0.004%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USDshort	+0.0902%	1h	12.936	−0.107%	$344K	$31K	10x