LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1532%/8h= +167.7% APRnext payment +$1.91 per $10,000 · paid last 24h +0.091%

Price spread now: dYdX against GMX−0.024%7-day average −0.013% · you buy dearer than you sell

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

Long on GMX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.403%+$40 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.024%, 7d avg −0.013%

Together, before fees+0.272%+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$46 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.403% in total (about 41.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.91 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.851	L −0.0087% / S +0.0165%	get 0.0011% / 1h	26m 37s	$1.7M	—	200x
Short	dYdX LINK-USD	12.847	0.1445	get 0.0181% / 1h	26m 37s	$345K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $321.71
Price spread: −0.024% → −0.013%: −$1.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $298.64
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: GMX: no order-book sample; dYdX: live order book, 7 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 dYdX live order book, 7 min ago	38.99 bp	67.9 bp −$68	163.5 bp −$1,635	179.6 bp −$18.0K	226.6 bp −$113.3K

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
Orderly PERP_LINK_USDC	−0.0119%	8h	12.840	−0.082%	$90K	$965K	20x	as long as short
GMX LINK/USD [LINK-USDC]long	L −0.0087% / S +0.0165%	1h	12.851	long leg	$1.7M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.854	+0.023%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.823	−0.215%	$105K	—	150x	as long as short
Bybit LINKUSDT	+0.0025%	8h	12.840	−0.082%	$83.1M	$72.7M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.506%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.847	−0.028%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.834	−0.131%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.843	−0.059%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.838	−0.100%	$31K	$2K	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	12.849	−0.014%	$347K	$336K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.848	−0.020%	$80.2M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.848	−0.016%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.843	−0.062%	$273K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.842	−0.065%	$118.5M	$295.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.841	−0.075%	$27.0M	$79.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.856	+0.042%	$180K	$100K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.844	−0.051%	$133.2M	$17.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.842	−0.067%	$35.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.848	−0.020%	$22.8M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.835	−0.121%	$53.6M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.839	−0.090%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.853	+0.019%	$334K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.832	−0.142%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.834	−0.131%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.831	−0.154%	$575K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.841	−0.075%	$131K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.850	−0.005%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.822	−0.220%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.863	+0.093%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.847	−0.028%	$10K	$58K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.828	−0.175%	$627K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.831	−0.150%	$614K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.846	−0.036%	$539K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0124%	1h	12.852	+0.010%	$804K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.822	−0.222%	$922K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.844	−0.051%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.841	−0.071%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0529%	8h	12.862	+0.089%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USDshort	+0.1445%	1h	12.847	−0.024%	$345K	$49K	10x