Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average−0.034%if it closes, per $10,000$0funding while held, a day−$7.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus LINK-USD | 12.884 | 0.0100 | pay 0.0013% / 1h | 35m 36s | $180K | $126K | 10x |
| Short | GMX LINK/USD [LINK-USDC] | 12.884 | L −0.0091% / S +0.0165% | pay 0.0021% / 1h | 35m 36s | $1.7M | — | 200x |
Arcus LINK-USD
GMX LINK/USD [LINK-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0.03
- Funding while held
- −$7.96
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$24.43
- Spread needed to break even
- 0.165%
Slippage unknown: Arcus: live order book, 64 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0265%
- Per $10,000 a day
- −$7.96
- Average in range /8h
- —
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 Arcus live order book, 64 min ago | 8.55 bp | 22.6 bp −$23 | 39.9 bp −$399 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective12.400cheapestExtended12.866+3.759%HTX12.867+3.764%Bybit12.867+3.766%OKX12.867+3.766%Bitget12.868+3.774%BingX12.868+3.774%Gate12.871+3.798%Paradex12.871+3.799%Binance12.873+3.815%MEXC12.873+3.815%KuCoin12.873+3.815%Pacifica12.874+3.819%Nado12.874+3.827%dYdX12.876+3.835%Lighter12.876+3.841%Variational Omni12.877+3.846%Derive12.877+3.850%Aster12.878+3.854%Reya12.880+3.868%SoDEX12.880+3.871%BloFin12.880+3.871%Hyperliquid12.881+3.879%
Injective
Extended
HTX
Bybit
OKX
Bitget
BingX
Gate
Paradex
Binance
MEXC
KuCoin
Pacifica
Nado
dYdX
Lighter
Variational Omni
Derive
Aster
Reya
SoDEX
BloFin
HyperliquidArcus12.884+3.903%
Polymarket Perps12.884+3.903%Coinbase International12.884+3.903%
Polymarket Perps
Coinbase InternationalGMX12.884+3.904%
Aevo12.885+3.912%gTrade (Gains Network)12.886+3.916%Deribit12.886+3.916%Orderly12.886+3.919%Kraken Futures12.887+3.925%Backpack12.889+3.944%Kalshi12.891+3.957%SunX12.895+3.993%Phoenix12.896+3.999%edgeX12.898+4.013%Phemex12.900+4.032%ApeX Omni12.901+4.040%
Aevo
gTrade (Gains Network)
Deribit
Orderly
Kraken Futures
Backpack
SunX
Phoenix
Phemex
ApeX OmniLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −3.757% | +0.0033% | 1h | $4K | $48K | 12x | as long as short |
| Extended LINK-USD | −0.139% | +0.0104% | 1h | $632K | $1.9M | 25x | as long as short |
| HTX LINK-USDT | −0.134% | +0.0091% | 8h | $624K | $925K | 75x | as long as short |
| Bybit LINKUSDT | −0.132% | −0.0167% | 8h | $82.1M | $64.1M | 75x | as long as short |
| OKX LINK-USDT-SWAP | −0.132% | −0.0021% | 8h | $26.8M | $82.5M | 50x | as long as short |
| Bitget LINKUSDT | −0.124% | +0.0090% | 8h | $53.8M | $29.5M | 75x | as long as short |
| BingX LINK-USDC | −0.124% | +0.0087% | 8h | — | $6.6M | — | as long as short |
| Gate LINK_USDT | −0.101% | +0.0073% | 8h | $129.3M | $12.2M | 75x | as long as short |
| Paradex LINK-USD-PERP | −0.101% | +0.0090% | 8h | $31K | $2K | 20x | as long as short |
| Binance LINKUSDT | −0.085% | +0.0050% | 8h | $116.5M | $288.2M | 75x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC LINK_USDT | −0.085% | +0.0050% | 8h | $33.2M | $55.8M | 300x | as long as short |
| KuCoin LINKUSDTM | −0.085% | +0.0100% | 8h | $21.3M | $16.4M | 75x | as long as short |
| Pacifica LINK | −0.081% | +0.0100% | 1h | $272K | $167K | 10x | as long as short |
| Nado LINK-PERP | −0.074% | +0.0100% | 1h | $423K | $282K | 10x | as long as short |
| dYdX LINK-USD | −0.066% | 0.0000% | 1h | $341K | $60K | 10x | as long as short |
| Lighter LINK | −0.060% | +0.0096% | 1h | $2.0M | $2.3M | 10x | as long as short |
| Variational Omni LINK | −0.055% | −0.0125% | 8h | $3.2M | $1.2M | — | as long as short |
| Derive LINK-PERP | −0.052% | +0.0100% | 1h | $24K | $13K | 10x | as long as short |
| Aster LINKUSDT | −0.047% | +0.0100% | 8h | $1.4M | $2.4M | 50x | as long as short |
| Reya LINKRUSDPERP | −0.034% | +0.0364% | 1h | $4K | $400 | 20x | as long as short |
| SoDEX LINK-USD | −0.031% | +0.0100% | 1h | $4K | $39K | 10x | as long as short |
| BloFin LINK-USDT | −0.031% | +0.0169% | 8h | $5.2M | $13.8M | 75x | as long as short |
| Hyperliquid LINK | −0.023% | +0.0100% | 1h | $75.2M | $22.2M | 10x | as long as short |
| Arcus LINK-USDlong | 0.000% | +0.0100% | 1h | $180K | $126K | 10x | |
| Polymarket Perps LINK-USD | 0.000% | +0.0100% | 1h | $77K | $56K | 10x | as long as short |
| Coinbase International LINK-PERP-INTX | 0.000% | +0.0008% | 1h | $992K | $2.6M | 50x | as long as short |
| GMX LINK/USD [LINK-USDC]short | 0.000% | L −0.0091% / S +0.0165% | 1h | $1.7M | — | 200x | |
| Aevo LINK-PERP | +0.009% | +0.0096% | 1h | $542K | $340 | 3x | as long as short |
| gTrade (Gains Network) LINK/USD | +0.012% | L +0.0003% / S −0.0002% | 1h | $77K | — | 150x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.012% | 0.0000% | 1h | $684K | $106K | 50x | as long as short |
| Orderly PERP_LINK_USDC | +0.016% | +0.0070% | 8h | $145K | $1.7M | 20x | as long as short |
| Kraken Futures PF_LINKUSD | +0.021% | −0.0167% | 1h | $6.0M | $6.4M | 50x | as long as short |
| Backpack LINK_USDC_PERP | +0.039% | +0.0100% | 1h | $350K | $370K | 15x | as long as short |
| Kalshi KXLINKPERP | +0.052% | 0.0000% | 8h | $468K | $2.3M | 3.7x | as long as short |
| SunX LINK-USDT | +0.086% | +0.0100% | 8h | $33K | $1.5M | 30x | as long as short |
| Phoenix LINK | +0.092% | −0.0012% | 1h | $7K | $68K | 10x | as long as short |
| edgeX LINKUSDC | +0.106% | +0.0100% | 4h | $43K | $307K | 20x | as long as short |
| Phemex LINKUSDT | +0.124% | +0.0420% | 8h | $20.1M | $11.2M | 50x | as long as short |
| ApeX Omni LINKUSDT | +0.132% | +0.0100% | 1h | $130K | $651K | 50x | as long as short |