LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0529%/8h= +57.9% APRnext payment +$0.66 per $10,000 · paid last 24h +0.021%

Price spread now: dYdX against Polymarket Perps−0.070%47s7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.607%+$61 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.070% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$16 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	13.122	0.0100	pay 0.0013% / 1h	24m 44s	$81K	$69K	10x
Short	dYdX LINK-USD	13.113	0.0629	get 0.0079% / 1h	24m 44s	$347K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Polymarket Perps. 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 Polymarket PerpsbpFee dYdXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $111.1
Price spread: −0.070% → 0.000%: −$6.96
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: $86.13
Costs to cover: 0.180%
Break-even: 1.6 days

Slippage unknown: Polymarket Perps: no order-book sample; dYdX: live order book, 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell dYdX live order book, 54 min ago	78.47 bp	83.5 bp −$83	111.1 bp −$1,111	126.8 bp −$12.7K	191.1 bp −$95.5K

Polymarket Perps: 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]	L −0.0091% / S +0.0167%	1h	13.121	−0.004%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.128	+0.043%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.129	+0.051%	$724K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.121	−0.005%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.152	+0.229%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.502%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.121	−0.008%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.117	−0.037%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.108	−0.104%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.120	−0.013%	$400K	$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	13.125	+0.020%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.116	−0.045%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.112	−0.074%	$121.9M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.110	−0.091%	$84.4M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.112	−0.076%	$27.7M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.128	+0.046%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.110	−0.091%	$129.9M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.119	−0.023%	$36.4M	$57.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.122	0.000%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.114	−0.061%	$54.5M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.110	−0.091%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.138	+0.122%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.140	+0.137%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.144	+0.166%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.198%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.122	long leg	$81K	$69K	10x
Derive LINK-PERP	+0.0100%	1h	13.122	+0.002%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.132	+0.079%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.125	+0.023%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.110	−0.095%	$645K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.105	−0.131%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.127	+0.035%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.128	+0.046%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.115	−0.053%	$5.2M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0229%	1h	13.134	+0.091%	$363K	$377K	15x	as long as short
Hyperliquid LINK	+0.0282%	1h	13.133	+0.088%	$77.9M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.118	−0.030%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.135	+0.103%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.139	+0.130%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USDshort	+0.0629%	1h	13.113	−0.070%	$347K	$48K	10x