LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0267%/8h= −29.2% APRnext payment −$0.33 per $10,000 · paid last 24h −0.064%

Price spread now: GMX against Polymarket Perps−0.038%54s7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on GMX

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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.038% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	13.182	0.0100	pay 0.0013% / 1h	14m 30s	$82K	$69K	10x
Short	GMX LINK/USD [LINK-USDC]	13.177	L −0.0090% / S +0.0167%	pay 0.0021% / 1h	14m 30s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Polymarket Perps. 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 Polymarket PerpsbpFee GMXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$55.97
Price spread: −0.038% → 0.000%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$79.82
Costs to cover: 0.200%
Break-even: never at this rate

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

Polymarket Perps and 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	13.177	−0.038%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.172	−0.075%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.178	−0.028%	$720K	$125K	50x	as long as short
dYdX LINK-USD	+0.0003%	1h	13.183	+0.011%	$349K	$48K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.176	−0.043%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.932%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.167	−0.117%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.174	−0.061%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.190	+0.063%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.178	−0.029%	$32K	$3K	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	13.178	−0.027%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.203	+0.156%	$77.9M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.188	+0.046%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.189	+0.054%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.179	−0.026%	$122.4M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.178	−0.030%	$85.1M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.179	−0.023%	$27.8M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	+0.076%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.188	+0.046%	$130.8M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.187	+0.038%	$36.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.192	+0.076%	$22.4M	$15.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.177	−0.038%	$54.9M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.180	−0.015%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	+0.014%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	−0.020%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.015%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	+0.038%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.182	long leg	$82K	$69K	10x
Derive LINK-PERP	+0.0100%	1h	13.173	−0.067%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.190	+0.061%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.181	−0.008%	$5K	$37K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	−0.181%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.174	−0.062%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.178	−0.028%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	+0.053%	$994K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.194	+0.091%	$366K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.183	+0.008%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.178	−0.032%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.189	+0.053%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.193	+0.080%	$7.0M	$8.1M	50x	as long as short