LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0282%/8h= +30.9% APRnext payment +$0.35 per $10,000 · paid last 24h +0.078%

Price spread now: Kraken Futures against GMX+0.038%7-day average −0.007% · you sell dearer than you buy

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.038%, 7d avg −0.007%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.044% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.868	L −0.0088% / S +0.0166%	get 0.0011% / 1h	27m 55s	$1.7M	—	200x
Short	Kraken Futures PF_LINKUSD	12.873	0.0193	get 0.0024% / 1h	27m 55s	$6.6M	$8.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.038%Rate

Funding earned: $59.19
Price spread: +0.038% → −0.007%: $4.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $41.64
Costs to cover: 0.220%
Break-even: 2.1 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	4.27 bp	11.9 bp −$12	13.1 bp −$131	37.0 bp −$3,703	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 −0.0088% / S +0.0166%	1h	12.868	long leg	$1.7M	—	200x
Orderly PERP_LINK_USDC	−0.0009%	8h	12.862	−0.047%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.873	+0.038%	$510K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.867	−0.005%	$154K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.638%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.879	+0.087%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.870	+0.011%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.864	−0.029%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.864	−0.032%	$350K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.881	+0.097%	$1.3M	$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	12.872	+0.030%	$274K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.881	+0.100%	$118.9M	$301.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.875	+0.054%	$83.2M	$73.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.882	+0.108%	$26.9M	$80.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.884	+0.123%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.871	+0.022%	$123.9M	$15.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.878	+0.077%	$34.3M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.879	+0.085%	$22.7M	$12.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.881	+0.100%	$53.9M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.877	+0.069%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.867	−0.007%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.870	+0.013%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.871	+0.026%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.863	−0.040%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.870	+0.015%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.852	−0.126%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.883	+0.118%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.870	+0.015%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.815	−0.413%	$629K	$783K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.873	+0.037%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.869	+0.007%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.869	+0.007%	$933K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0125%	1h	12.880	+0.092%	$336K	$388K	15x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0193%	1h	12.873	+0.038%	$6.6M	$8.3M	50x
BloFin LINK-USDT	+0.0220%	8h	12.870	+0.015%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0339%	1h	12.887	+0.147%	$80.4M	$27.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0341%	1h	12.873	+0.042%	$805K	$266K	50x	as long as short
Reya LINKRUSDPERP	+0.0398%	1h	12.865	−0.024%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0585%	8h	12.885	+0.131%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0900%	1h	12.873	+0.036%	$343K	$33K	10x	as long as short