LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0267%/8h= −29.2% APRnext payment −$0.33 per $10,000 · paid last 24h −0.067%

Price spread now: GMX against Pacifica−0.090%7-day average +0.016% · you buy dearer than you sell

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

Long on Pacifica Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.249%−$25 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.090%, 7d avg +0.016%

Together, before fees−0.022%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.107% cheaper against Pacifica than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.035	0.0100	pay 0.0013% / 1h	32m 39s	$275K	$170K	10x
Short	GMX LINK/USD [LINK-USDC]	13.024	L −0.0090% / S +0.0167%	pay 0.0021% / 1h	32m 39s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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 PacificabpFee GMXbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$56.07
Price spread: −0.090% → +0.016%: −$10.68
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$86.75
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 31 min ago; GMX: 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 Pacifica live order book, 31 min ago	5.38 bp	10.6 bp −$11	doesn't fit	doesn't fit	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 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]short	L −0.0090% / S +0.0167%	1h	13.024	−0.090%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.023	−0.099%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.024	−0.085%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.875%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.007	−0.218%	$938K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.023	−0.095%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.033	−0.017%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.016	−0.148%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.034	−0.014%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.023	−0.095%	$396K	$315K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.032	−0.027%	$1.3M	$2.3M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.035	long leg	$275K	$170K	10x
Binance LINKUSDT	+0.0100%	8h	13.034	−0.009%	$120.2M	$296.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.031	−0.034%	$84.2M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.033	−0.019%	$27.5M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.046	+0.081%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.034	−0.011%	$128.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.033	−0.019%	$32.1M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.038	+0.020%	$23.1M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.034	−0.011%	$54.2M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.032	−0.026%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.034	−0.011%	$344K	$379K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.994	−0.318%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.004	−0.244%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.016	−0.149%	$585K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.005	−0.233%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.031	−0.034%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.023	−0.095%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.040	+0.032%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.026	−0.072%	$23K	$53K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.982	−0.408%	$640K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.031	−0.036%	$659K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.026	−0.074%	$546K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.025	−0.080%	$5.3M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0354%	1h	13.030	−0.044%	$345K	$30K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0364%	1h	13.029	−0.049%	$774K	$183K	50x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.025	−0.081%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.029	−0.047%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0609%	8h	13.042	+0.050%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0647%	1h	13.053	+0.135%	$81.8M	$27.1M	10x	as long as short