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Price arb /

LINK

all LINK markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.121%
7d average−0.030%if it closes, per $10,000$12funding while held, a day+$3.64
Long on GMXShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX LINK/USD [LINK-USDC]12.970L −0.0089% / S +0.0161%get 0.0011% / 1h21m 58s$1.7M—200x
ShortBinance LINKUSDT12.9540.0032get 0.0032% / 8h7h 21m$118.9M$289.4M75x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$12.13
Funding while held
$3.64
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$30.49
Spread needed to break even
0.220%
Slippage unknown: GMX: no order-book sample; Binance: live order book, 8 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0121%
Per $10,000 a day
+$3.64
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Binance live order book, 8 min ago0.38 bp5.6 bp −$610.8 bp −$10828.5 bp −$2,850107.9 bp −$54.0K
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.
Injective12.400cheapestOKX12.952+4.452%
Binance12.954+4.468%
Bybit12.954+4.468%Bitget12.954+4.468%Gate12.956+4.484%BingX12.956+4.484%HTX12.956+4.487%MEXC12.957+4.492%Orderly12.959+4.508%Lighter12.959+4.512%Nado12.959+4.512%Reya12.960+4.513%Aster12.960+4.519%Polymarket Perps12.961+4.524%SoDEX12.961+4.524%BloFin12.961+4.524%Extended12.962+4.529%Derive12.963+4.537%Hyperliquid12.964+4.548%KuCoin12.964+4.548%Aevo12.965+4.560%Kraken Futures12.967+4.574%Backpack12.968+4.581%Deribit12.969+4.585%
GMX12.970+4.595%
gTrade (Gains Network)12.970+4.601%Pacifica12.971+4.608%Paradex12.974+4.631%SunX12.974+4.631%Phoenix12.976+4.647%Arcus12.977+4.653%dYdX12.977+4.655%Coinbase International12.978+4.661%Phemex12.980+4.677%Kalshi12.980+4.678%Variational Omni12.988+4.739%edgeX12.989+4.752%ApeX Omni12.997+4.815%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.393%+0.0033%1h$4K$75K12xas long as short
OKX LINK-USDT-SWAP−0.137%−0.0007%8h$27.4M$90.7M50xas long as short
Binance LINKUSDTshort−0.121%+0.0032%8h$118.9M$289.4M75x
Bybit LINKUSDT−0.121%−0.0001%8h$80.2M$59.7M75xas long as short
Bitget LINKUSDT−0.121%+0.0100%8h$53.9M$30.1M75xas long as short
Gate LINK_USDT−0.106%+0.0033%8h$130.8M$12.0M75xas long as short
BingX LINK-USDC−0.106%+0.0100%8h—$6.6M—as long as short
HTX LINK-USDT−0.103%−0.0059%8h$637K$1.0M75xas long as short
MEXC LINK_USDT−0.098%+0.0032%8h$33.2M$57.5M300xas long as short
Orderly PERP_LINK_USDC−0.083%+0.0080%8h$146K$1.7M20xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter LINK−0.079%+0.0096%1h$1.9M$2.0M10xas long as short
Nado LINK-PERP−0.079%+0.0100%1h$427K$350K10xas long as short
Reya LINKRUSDPERP−0.078%+0.0360%1h$4K$40020xas long as short
Aster LINKUSDT−0.073%+0.0100%8h$1.4M$2.4M50xas long as short
Polymarket Perps LINK-USD−0.067%+0.0100%1h$78K$50K10xas long as short
SoDEX LINK-USD−0.067%−0.0105%1h$8K$38K10xas long as short
BloFin LINK-USDT−0.067%+0.0131%8h$5.2M$13.0M75xas long as short
Extended LINK-USD−0.062%−0.0032%1h$677K$1.8M25xas long as short
Derive LINK-PERP−0.055%+0.0100%1h$28K$10K10xas long as short
Hyperliquid LINK−0.044%+0.0100%1h$76.5M$22.0M10xas long as short
KuCoin LINKUSDTM−0.044%+0.0100%8h$21.4M$17.1M75xas long as short
Aevo LINK-PERP−0.034%+0.0088%1h$545K$3403xas long as short
Kraken Futures PF_LINKUSD−0.020%−0.0387%1h$6.0M$6.8M50xas long as short
Backpack LINK_USDC_PERP−0.013%+0.0100%1h$363K$371K15xas long as short
Deribit LINK_USDC-PERPETUAL−0.010%0.0000%1h$693K$85K50xas long as short
GMX LINK/USD [LINK-USDC]long0.000%L −0.0089% / S +0.0161%1h$1.7M—200x
gTrade (Gains Network) LINK/USD+0.006%L +0.0004% / S −0.0008%1h$189K—150xas long as short
Pacifica LINK+0.013%+0.0100%1h$271K$166K10xas long as short
Paradex LINK-USD-PERP+0.034%+0.0044%8h$31K$2K20xas long as short
SunX LINK-USDT+0.035%+0.0100%8h$33K$1.6M30xas long as short
Phoenix LINK+0.050%−0.0061%1h$3K$49K10xas long as short
Arcus LINK-USD+0.056%+0.0100%1h$183K$192K10xas long as short
dYdX LINK-USD+0.058%0.0000%1h$344K$60K10xas long as short
Coinbase International LINK-PERP-INTX+0.064%+0.0072%1h$1.0M$2.6M50xas long as short
Phemex LINKUSDT+0.079%+0.0554%8h$20.2M$11.2M50xas long as short
Kalshi KXLINKPERP+0.080%0.0000%8h$458K$2.2M3.7xas long as short
Variational Omni LINK+0.138%−0.0063%8h$3.2M$1.2M—as long as short
edgeX LINKUSDC+0.151%+0.0100%4h$43K$309K20xas long as short
ApeX Omni LINKUSDT+0.210%+0.0100%1h$132K$656K50xas long as short