LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0742%/8h= −81.3% APRnext payment −$0.93 per $10,000 · paid last 24h −0.092%

Price spread now: GMX against dYdX−0.123%7-day average +0.019% · you buy dearer than you sell

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

Long on dYdX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.419%−$42 on $10k

Price spread, last 4 days (all we have)+0.279%+$28 · spread now −0.123%, 7d avg +0.019%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and GMX is 0.143% cheaper against dYdX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	13.016	0.0575	pay 0.0072% / 1h	10m 37s	$345K	$30K	10x
Short	GMX LINK/USD [LINK-USDC]	13.000	L −0.0090% / S +0.0167%	pay 0.0021% / 1h	10m 37s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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 dYdXbpFee GMXbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$155.92
Price spread: −0.123% → +0.019%: −$14.26
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$192.18
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 53 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 dYdX live order book, 53 min ago	54.59 bp	59.6 bp −$60	59.6 bp −$596	131.3 bp −$13.1K	421.1 bp −$210.6K
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	13.000	−0.123%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.000	−0.121%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.003	−0.103%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.734%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.009	−0.055%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.014	−0.016%	$963K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.014	−0.013%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.026	+0.073%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.019	+0.023%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.997	−0.147%	$393K	$311K	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	13.013	−0.020%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.017	+0.010%	$275K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.016	−0.002%	$120.3M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.014	−0.016%	$84.1M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.016	−0.001%	$27.4M	$82.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.031	+0.114%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.010	−0.047%	$128.5M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.019	+0.022%	$32.6M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.020	+0.030%	$23.0M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.016	−0.001%	$54.1M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.013	−0.024%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.020	+0.030%	$345K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	−0.209%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.009	−0.052%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.996	−0.156%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.017	+0.007%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.004	−0.093%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.008	−0.064%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.017	+0.006%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.012	−0.032%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.972	−0.339%	$640K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.010	−0.046%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.014	−0.016%	$546K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	−0.047%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0257%	1h	13.017	+0.007%	$773K	$175K	50x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.996	−0.156%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.015	−0.008%	$6.8M	$8.1M	50x	as long as short
dYdX LINK-USDlong	+0.0575%	1h	13.016	long leg	$345K	$30K	10x
Phemex LINKUSDT	+0.0590%	8h	13.026	+0.076%	$20.1M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0652%	1h	13.032	+0.122%	$82.0M	$27.4M	10x	as long as short