LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.022%

Price spread now: gTrade (Gains Network) against GMX−0.017%7-day average −0.020% · you buy dearer than you sell

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

Long on GMX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.017%, 7d avg −0.020%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.898	L −0.0089% / S +0.0166%	get 0.0011% / 1h	50m 33s	$1.8M	—	200x
Short	gTrade (Gains Network) LINK/USD	12.896	L +0.0004% / S −0.0005%	get 0.0001% / 1h	50m 33s	$156K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.017%Rate

Funding earned: $19.57
Price spread: −0.017% → −0.020%: $0.38
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$2.05
Costs to cover: 0.220%
Break-even: 7.7 days

Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 54 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 gTrade (Gains Network) virtual book (oracle venue), 54 min ago	130.04 bp	142.5 bp −$143	1049.2 bp −$10.5K	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	12.898	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.903	+0.039%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0005%	1h	12.896	−0.017%	$156K	—	150x
Orderly PERP_LINK_USDC	+0.0011%	8h	12.889	−0.071%	$94K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.862%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.893	−0.037%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.907	+0.069%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.907	+0.068%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.883	−0.117%	$349K	$339K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.904	+0.048%	$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	12.907	+0.069%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.908	+0.075%	$119.0M	$301.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.904	+0.045%	$83.3M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.906	+0.061%	$27.0M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.921	+0.177%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.904	+0.045%	$124.1M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.907	+0.069%	$33.4M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.907	+0.069%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.904	+0.045%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.905	+0.053%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.890	−0.060%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.892	−0.046%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.894	−0.033%	$585K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.897	−0.009%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.901	+0.022%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.895	−0.023%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.896	−0.014%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.896	−0.017%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.877	−0.162%	$631K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.903	+0.038%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.899	+0.006%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.914	+0.123%	$933K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0134%	1h	12.907	+0.069%	$336K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.900	+0.018%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.891	−0.055%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0262%	1h	12.903	+0.040%	$807K	$259K	50x	as long as short
Hyperliquid LINK	+0.0318%	1h	12.922	+0.185%	$80.6M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.894	−0.032%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0573%	8h	12.899	+0.007%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0954%	1h	12.901	+0.025%	$344K	$33K	10x	as long as short