LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0122%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.028%

Price spread now: Injective against GMX−4.237%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Injective

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

Funding pays, the price is against you. Injective is 4.237% cheaper against GMX than usual: you would sell low and buy high (spread −4.237% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$424 on $10k: about 4 months of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.949	L −0.0089% / S +0.0166%	get 0.0011% / 1h	27m 14s	$1.8M	—	200x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	27m 14s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.237%Rate

Funding earned: $25.6
Price spread: −4.237% → 0.000%: −$423.73
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$410.15
Costs to cover: 0.120%
Break-even: 119.2 days

Slippage unknown: GMX: no order-book sample; Injective: 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 GMX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

GMX and Injective: 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	12.949	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.961	+0.097%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.949	+0.006%	$185K	—	150x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−4.237%	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0049%	8h	12.943	−0.044%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.990	+0.318%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.948	−0.006%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.955	+0.050%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.953	+0.033%	$391K	$308K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.949	−0.001%	$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	12.958	+0.071%	$276K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.948	−0.005%	$120.2M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.946	−0.021%	$83.7M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.947	−0.013%	$27.4M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.972	+0.180%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.952	+0.026%	$128.3M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.947	−0.013%	$32.6M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.952	+0.026%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.947	−0.013%	$54.0M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.947	−0.013%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.968	+0.149%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.006	+0.444%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.981	+0.246%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.976	+0.211%	$591K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.997	+0.373%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.960	+0.087%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.944	−0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.966	+0.135%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.948	−0.005%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.935	−0.106%	$635K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.941	−0.061%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.948	−0.001%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.975	+0.203%	$924K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0105%	1h	12.950	+0.009%	$786K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.951	+0.018%	$5.3M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.952	+0.028%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0336%	1h	12.968	+0.149%	$81.0M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.950	+0.012%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0556%	8h	12.965	+0.126%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0757%	1h	12.955	+0.052%	$344K	$31K	10x	as long as short