Spread before costs (cost unknown: a leg has no order-book sample)−0.082%
7d average—if it closes, per $10,000$8funding while held, a day+$13.70
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX LINK/USD [LINK-USDC] | 12.876 | L −0.0091% / S +0.0165% | get 0.0011% / 1h | 21m 03s | $1.7M | — | 200x |
| Short | Reya LINKRUSDPERP | 12.865 | 0.0365 | get 0.0046% / 1h | 21m 03s | $4K | $200 | 20x |
GMX LINK/USD [LINK-USDC]
Reya LINKRUSDPERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$8.18
- Funding while held
- $13.7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$12.49
- Spread needed to break even
- 0.180%
Slippage unknown: GMX: no order-book sample; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0457%
- Per $10,000 a day
- +$13.70
- Average in range /8h
- —
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 Reya no order-book sample | — | — | — | — | — |
GMX and Reya: 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.Injective12.400cheapestHTX12.858+3.691%Nado12.860+3.714%edgeX12.864+3.743%Pacifica12.864+3.744%Coinbase International12.865+3.750%
Injective
HTX
Nado
Pacifica
Coinbase InternationalReya12.865+3.751%
dYdX12.865+3.752%Variational Omni12.867+3.767%Paradex12.867+3.767%Polymarket Perps12.868+3.774%Bybit12.869+3.782%Bitget12.869+3.782%BloFin12.871+3.798%Derive12.872+3.803%BingX12.872+3.806%Extended12.873+3.811%OKX12.873+3.815%KuCoin12.873+3.815%Gate12.874+3.823%SoDEX12.874+3.823%MEXC12.875+3.831%
dYdX
Variational Omni
Paradex
Polymarket Perps
Bybit
Bitget
BloFin
Derive
BingX
Extended
OKX
KuCoin
Gate
SoDEX
MEXCGMX12.876+3.836%
Binance12.876+3.839%Aster12.876+3.842%ApeX Omni12.877+3.847%gTrade (Gains Network)12.878+3.852%Arcus12.878+3.855%Lighter12.878+3.856%Kalshi12.879+3.860%SunX12.879+3.861%Orderly12.879+3.863%Aevo12.880+3.870%Kraken Futures12.881+3.878%Hyperliquid12.881+3.879%Deribit12.883+3.894%Phemex12.885+3.911%Backpack12.886+3.919%Phoenix12.889+3.948%
Binance
Aster
ApeX Omni
gTrade (Gains Network)
Arcus
Lighter
SunX
Orderly
Aevo
Kraken Futures
Hyperliquid
Deribit
Phemex
Backpack
PhoenixLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −3.694% | +0.0033% | 1h | $4K | $48K | 12x | as long as short |
| HTX LINK-USDT | −0.139% | +0.0099% | 8h | $623K | $919K | 75x | as long as short |
| Nado LINK-PERP | −0.118% | +0.0100% | 1h | $392K | $293K | 10x | as long as short |
| edgeX LINKUSDC | −0.089% | +0.0100% | 4h | $43K | $307K | 20x | as long as short |
| Pacifica LINK | −0.089% | +0.0100% | 1h | $270K | $169K | 10x | as long as short |
| Coinbase International LINK-PERP-INTX | −0.083% | +0.0008% | 1h | $988K | $2.6M | 50x | as long as short |
| Reya LINKRUSDPERPshort | −0.082% | +0.0365% | 1h | $4K | $200 | 20x | |
| dYdX LINK-USD | −0.081% | 0.0000% | 1h | $341K | $60K | 10x | as long as short |
| Variational Omni LINK | −0.066% | −0.0125% | 8h | $3.2M | $1.2M | — | as long as short |
| Paradex LINK-USD-PERP | −0.066% | +0.0093% | 8h | $31K | $2K | 20x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps LINK-USD | −0.059% | +0.0100% | 1h | $77K | $56K | 10x | as long as short |
| Bybit LINKUSDT | −0.052% | −0.0140% | 8h | $82.2M | $64.3M | 75x | as long as short |
| Bitget LINKUSDT | −0.052% | +0.0093% | 8h | $53.8M | $29.4M | 75x | as long as short |
| BloFin LINK-USDT | −0.036% | +0.0180% | 8h | $5.1M | $13.8M | 75x | as long as short |
| Derive LINK-PERP | −0.032% | +0.0100% | 1h | $24K | $13K | 10x | as long as short |
| BingX LINK-USDC | −0.028% | +0.0092% | 8h | — | $6.6M | — | as long as short |
| Extended LINK-USD | −0.024% | +0.0104% | 1h | $631K | $1.9M | 25x | as long as short |
| OKX LINK-USDT-SWAP | −0.020% | −0.0014% | 8h | $26.8M | $81.0M | 50x | as long as short |
| KuCoin LINKUSDTM | −0.020% | +0.0100% | 8h | $21.3M | $16.2M | 75x | as long as short |
| Gate LINK_USDT | −0.013% | +0.0100% | 8h | $129.4M | $12.2M | 75x | as long as short |
| SoDEX LINK-USD | −0.013% | +0.0100% | 1h | $4K | $39K | 10x | as long as short |
| MEXC LINK_USDT | −0.005% | +0.0059% | 8h | $33.1M | $56.1M | 300x | as long as short |
| GMX LINK/USD [LINK-USDC]long | 0.000% | L −0.0091% / S +0.0165% | 1h | $1.7M | — | 200x | |
| Binance LINKUSDT | +0.003% | +0.0060% | 8h | $116.5M | $287.3M | 75x | as long as short |
| Aster LINKUSDT | +0.006% | +0.0100% | 8h | $1.4M | $2.4M | 50x | as long as short |
| ApeX Omni LINKUSDT | +0.011% | +0.0100% | 1h | $130K | $652K | 50x | as long as short |
| gTrade (Gains Network) LINK/USD | +0.015% | L +0.0004% / S −0.0005% | 1h | $117K | — | 150x | as long as short |
| Arcus LINK-USD | +0.018% | +0.0100% | 1h | $180K | $126K | 10x | as long as short |
| Lighter LINK | +0.019% | +0.0096% | 1h | $2.0M | $2.3M | 10x | as long as short |
| Kalshi KXLINKPERP | +0.024% | 0.0000% | 8h | $467K | $2.2M | 3.7x | as long as short |
| SunX LINK-USDT | +0.025% | +0.0100% | 8h | $33K | $1.5M | 30x | as long as short |
| Orderly PERP_LINK_USDC | +0.026% | +0.0070% | 8h | $145K | $1.7M | 20x | as long as short |
| Aevo LINK-PERP | +0.033% | +0.0096% | 1h | $542K | $340 | 3x | as long as short |
| Kraken Futures PF_LINKUSD | +0.040% | −0.0167% | 1h | $6.0M | $6.3M | 50x | as long as short |
| Hyperliquid LINK | +0.042% | +0.0100% | 1h | $75.2M | $22.2M | 10x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.056% | +0.0037% | 1h | $684K | $106K | 50x | as long as short |
| Phemex LINKUSDT | +0.073% | +0.0447% | 8h | $20.0M | $11.2M | 50x | as long as short |
| Backpack LINK_USDC_PERP | +0.081% | +0.0100% | 1h | $350K | $368K | 15x | as long as short |
| Phoenix LINK | +0.108% | −0.0012% | 1h | $3K | $68K | 10x | as long as short |