LINK

Alert

Funding spread now, next payment 14:00 UTC−0.0088%/8h

next payment, per $10,000−$0.11paid, last 24h−0.057%paid, last 3 days−0.180%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINK	13.042	0.0016	pay 0.0002% / 1h	32m 44s	$2.1M	$2.7M	10x
Short	GMX LINK/USD [LINK-USDC]	13.034	L −0.0002% / S +0.0072%	pay 0.0009% / 1h	32m 44s	$1.9M	—	200x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersRate

Funding earned: −$18.55
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$30.55
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.063%
Avg gap 7d: +0.048%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Lighter live order book, 6 min ago	1.15 bp	2.5 bp −$2	10.1 bp −$101	80.5 bp −$8,053	doesn't fit
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 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX LINK-USD	−0.0195%	1h	$8K	$45K	10x	as long as short
Phoenix LINK	−0.0097%	1h	$4K	$38K	10x	as long as short
GMX LINK/USD [LINK-USDC]short	L −0.0002% / S +0.0072%	1h	$1.9M	—	200x
dYdX LINK-USD	0.0000%	1h	$345K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$557K	$1.9M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$705K	$68K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0007%	1h	$102K	—	150x	as long as short
Lighter LINKlong	+0.0016%	1h	$2.1M	$2.7M	10x
Gate LINK_USDT	+0.0024%	8h	$134.1M	$11.9M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$141K	12x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0048%	8h	$32K	$2K	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0056%	1h	$995K	$2.5M	50x	as long as short
Variational Omni LINK	+0.0060%	8h	$3.3M	$1.1M	—	as long as short
Bybit LINKUSDT	+0.0073%	8h	$81.1M	$57.8M	75x	as long as short
Binance LINKUSDT	+0.0082%	8h	$118.1M	$260.0M	75x	as long as short
MEXC LINK_USDT	+0.0084%	8h	$35.0M	$55.5M	300x	as long as short
Orderly PERP_LINK_USDC	+0.0099%	8h	$219K	$1.5M	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	$428K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$79.9M	$20.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.5M	$1.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$272K	$153K	10x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	$28.8M	$80.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	$184K	$195K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.4M	$17.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.1M	$28.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$359K	$279K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$309K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$140K	$642K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$76K	$24K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$30K	$6K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.4M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	$645K	$1.2M	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$666K	$720K	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	$548K	$340	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0113%	1h	$6.3M	$5.9M	50x	as long as short
BloFin LINK-USDT	+0.0204%	8h	$5.2M	$7.4M	75x	as long as short
Phemex LINKUSDT	+0.0307%	8h	$20.5M	$11.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0351%	1h	$4K	$400	20x	as long as short