LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0201%/8h= −22.0% APRnext payment −$0.25 per $10,000 · paid last 24h −0.045%

Price spread now: GMX against Injective+6.693%7-day average — · you sell dearer than you buy

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

Long on Injective Short on GMX

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

The price spread pays, funding is against you. GMX is 6.693% dearer against Injective than usual: you sell high and buy low (spread +6.693% now, against zero (this spread has no 7-day history yet)): +$669 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	42m 48s	$4K	$48K	12x
Short	GMX LINK/USD [LINK-USDC]	13.230	L −0.0091% / S +0.0167%	pay 0.0021% / 1h	42m 48s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now +6.693%Rate

Funding earned: −$42.11
Price spread: +6.693% → 0.000%: $669.25
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: $615.13
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; GMX: 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 Injective no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Injective and 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]short	L −0.0091% / S +0.0167%	1h	13.230	+6.693%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.245	+6.811%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.228	+6.675%	$725K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.230	+6.697%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.267	+6.994%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0041%	8h	13.226	+6.661%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.220	+6.613%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.238	+6.758%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.238	+6.758%	$405K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.223	+6.634%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.248	+6.840%	$278K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.213	+6.556%	$123.1M	$304.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.212	+6.548%	$85.3M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.214	+6.565%	$27.9M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.256	+6.903%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.219	+6.605%	$131.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.215	+6.573%	$36.8M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.221	+6.621%	$22.6M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.209	+6.524%	$55.0M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.216	+6.581%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.249	+6.846%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.246	+6.824%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.251	+6.864%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.250	+6.855%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.238	+6.758%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.223	+6.640%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.240	+6.775%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.219	+6.605%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.229	+6.690%	$651K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.213	+6.553%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.228	+6.681%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.242	+6.790%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.229	+6.685%	$5.3M	$17.3M	75x	as long as short
dYdX LINK-USD	+0.0221%	1h	13.248	+6.840%	$351K	$48K	10x	as long as short
Hyperliquid LINK	+0.0293%	1h	13.228	+6.677%	$78.3M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0348%	1h	13.229	+6.685%	$365K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.230	+6.697%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.240	+6.774%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0475%	1h	13.227	+6.668%	$7.0M	$8.2M	50x	as long as short