LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.078%

Price spread now: Kraken Futures against GMX−0.005%7-day average −0.007% · you buy dearer than you sell

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.005%, 7d avg −0.007%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$8 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]	12.930	L −0.0087% / S +0.0165%	get 0.0011% / 1h	0m 02s	$1.7M	—	200x
Short	Kraken Futures PF_LINKUSD	12.929	0.0193	get 0.0024% / 1h	0m 02s	$6.5M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.005%Rate

Funding earned: $58.81
Price spread: −0.005% → −0.007%: $0.17
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $36.98
Costs to cover: 0.220%
Break-even: 2.6 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago	2.70 bp	10.4 bp −$10	14.7 bp −$147	40.9 bp −$4,086	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 −0.0087% / S +0.0165%	1h	12.930	long leg	$1.7M	—	200x
Orderly PERP_LINK_USDC	−0.0043%	8h	12.919	−0.084%	$92K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.931	+0.007%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.929	−0.009%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.098%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.326%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.926	−0.028%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.919	−0.085%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.924	−0.049%	$354K	$339K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.923	−0.051%	$1.3M	$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	12.919	−0.084%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.915	−0.115%	$119.3M	$298.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.913	−0.130%	$83.5M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.916	−0.107%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.940	+0.079%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.927	−0.022%	$134.7M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.919	−0.084%	$34.0M	$59.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.922	−0.060%	$22.9M	$12.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.923	−0.053%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.916	−0.107%	—	$23.3M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.931	+0.009%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.906	−0.182%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.932	+0.016%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.931	+0.008%	$583K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.951	+0.164%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.931	+0.009%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	+0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.940	+0.079%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.926	−0.029%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.909	−0.162%	$631K	$782K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.910	−0.150%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.928	−0.013%	$542K	$2K	3x	as long as short
Hyperliquid LINK	+0.0106%	1h	12.929	−0.006%	$80.9M	$28.0M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.929	−0.006%	$931K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0129%	1h	12.934	+0.031%	$809K	$268K	50x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0193%	1h	12.929	−0.005%	$6.5M	$8.4M	50x
BloFin LINK-USDT	+0.0220%	8h	12.915	−0.115%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.921	−0.064%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0545%	8h	12.942	+0.094%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0594%	1h	12.917	−0.102%	$344K	$45K	10x	as long as short