LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0162%/8h= +17.8% APRnext payment +$0.20 per $10,000 · paid last 24h +0.013%

Price spread now: Phoenix against GMX+0.095%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.095% dearer against GMX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.978	L −0.0089% / S +0.0166%	get 0.0011% / 1h	28m 55s	$1.8M	—	200x
Short	Phoenix LINK	12.990	0.0074	get 0.0009% / 1h	28m 55s	$3K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.095%Rate

Funding earned: $34.11
Price spread: +0.095% → 0.000%: $9.46
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $24.56
Costs to cover: 0.190%
Break-even: 2.0 days

Slippage unknown: GMX: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—

GMX and Phoenix: 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	12.978	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.988	+0.083%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.980	+0.019%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.450%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0050%	8h	12.973	−0.035%	$117K	$1.1M	20x	as long as short
Phoenix LINKshort	+0.0074%	1h	12.990	+0.095%	$3K	$82K	10x
Lighter LINK	+0.0096%	1h	12.977	−0.004%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.983	+0.045%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.976	−0.008%	$392K	$308K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.980	+0.021%	$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	12.988	+0.081%	$277K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.976	−0.012%	$120.5M	$300.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.973	−0.035%	$83.9M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.977	−0.004%	$27.4M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.999	+0.165%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.976	−0.012%	$128.6M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.974	−0.027%	$32.9M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.977	−0.004%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.977	−0.004%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.974	−0.027%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.980	+0.019%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.006	+0.221%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	+0.138%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.007	+0.226%	$584K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.997	+0.150%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.985	+0.058%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.973	−0.032%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.993	+0.119%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.979	+0.011%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.970	−0.058%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.970	−0.056%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.980	+0.017%	$544K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.005	+0.212%	$926K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0135%	1h	12.980	+0.019%	$788K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.974	−0.027%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.980	+0.022%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0344%	1h	12.991	+0.104%	$81.2M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.978	+0.007%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0550%	8h	12.996	+0.142%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0687%	1h	12.985	+0.061%	$344K	$30K	10x	as long as short