LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0194%/8h= +21.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.037%

Price spread now: Extended against GMX−0.040%7-day average −0.078% · you buy dearer than you sell

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

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.153%+$15 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now −0.040%, 7d avg −0.078%

Together, before fees−0.084%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.039% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.983	L −0.0090% / S +0.0167%	get 0.0011% / 1h	9m 13s	$1.8M	—	200x
Short	Extended LINK-USD	12.978	0.0104	get 0.0013% / 1h	9m 13s	$647K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.040%Rate

Funding earned: $40.82
Price spread: −0.040% → −0.078%: $3.86
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $27.68
Costs to cover: 0.170%
Break-even: 2.3 days

Slippage unknown: GMX: no order-book sample; Extended: live order book, 4 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 Extended live order book, 4 min ago	1.54 bp	4.8 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit

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 −0.0090% / S +0.0167%	1h	12.983	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.993	+0.076%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.983	−0.003%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.492%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	12.979	−0.033%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.994	+0.083%	$964K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.981	−0.016%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0097%	1h	12.986	+0.024%	$774K	$177K	50x	as long as short
Phoenix LINK	+0.0098%	1h	12.989	+0.047%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.984	+0.005%	$31K	$2K	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	12.979	−0.035%	$393K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.988	+0.038%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.985	+0.010%	$274K	$174K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.983	−0.002%	$120.0M	$296.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.980	−0.025%	$83.8M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.981	−0.018%	$27.4M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.002	+0.144%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.983	−0.002%	$128.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.984	+0.006%	$32.5M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.992	+0.067%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.980	−0.025%	$54.0M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.981	−0.018%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.006	+0.175%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	+0.044%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.993	+0.076%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.211%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.017	+0.260%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.988	+0.036%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.980	−0.027%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.999	+0.123%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.982	−0.010%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.976	−0.058%	$640K	$691K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	12.978	−0.040%	$647K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.984	+0.002%	$544K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.988	+0.036%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.978	−0.040%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.985	+0.016%	$6.8M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0592%	1h	12.987	+0.027%	$344K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0606%	8h	13.000	+0.129%	$20.1M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0646%	1h	13.001	+0.137%	$81.8M	$27.3M	10x	as long as short