LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0189%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.048%

Price spread now: ApeX Omni against GMX+0.345%68s7-day average +0.016% · you sell dearer than you buy

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

Long on GMX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.186%+$19 on $10k

Price spread, last 4 days (all we have)−0.451%−$45 · spread now +0.345%, 7d avg +0.016%

Together, before fees−0.265%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.329% dearer against GMX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.016%. The two prices were read 68 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	GMX LINK/USD [LINK-USDC]	12.910	L −0.0089% / S +0.0166%	get 0.0011% / 1h	22m 17s	$1.8M	—	200x
Short	ApeX Omni LINKUSDT	12.955	0.0100	get 0.0013% / 1h	22m 17s	$132K	$673K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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 GMXbpFee ApeX OmnibpOrdersPrice spread, now +0.345%Rate

Funding earned: $39.6
Price spread: +0.345% → +0.016%: $32.9
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $50.49
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 31 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 31 min ago	4.98 bp	12.5 bp −$12	98.1 bp −$981	doesn't fit	doesn't fit

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]long	L −0.0089% / S +0.0166%	1h	12.910	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.918	+0.056%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.911	+0.001%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.954%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0048%	8h	12.906	−0.034%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.946	+0.273%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.909	−0.011%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.901	−0.072%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.903	−0.058%	$390K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.908	−0.015%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.909	−0.008%	$275K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.908	−0.019%	$119.8M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.906	−0.034%	$83.3M	$72.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.909	−0.011%	$27.3M	$80.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.919	+0.066%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.904	−0.050%	$127.8M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.911	+0.004%	$32.6M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.915	+0.035%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.908	−0.019%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.910	−0.003%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.915	+0.035%	$338K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.938	+0.214%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.952	+0.320%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.938	+0.217%	$586K	$2.8M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	12.955	+0.345%	$132K	$673K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.918	+0.059%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.906	−0.035%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.924	+0.107%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.910	−0.003%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.889	−0.168%	$632K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.904	−0.050%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.910	−0.003%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.905	−0.042%	$918K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0122%	1h	12.914	+0.029%	$784K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.926	+0.121%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.915	+0.032%	$6.6M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0317%	1h	12.926	+0.121%	$80.8M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.908	−0.021%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0557%	8h	12.929	+0.144%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0884%	1h	12.914	+0.025%	$343K	$31K	10x	as long as short