LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0266%/8h= −29.1% APRnext payment −$0.33 per $10,000 · paid last 24h −0.069%

Price spread now: GMX against Polymarket Perps−0.038%7-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 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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.038% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	12.902	0.0100	pay 0.0013% / 1h	35m 06s	$81K	$71K	10x
Short	GMX LINK/USD [LINK-USDC]	12.897	L −0.0089% / S +0.0166%	pay 0.0021% / 1h	35m 06s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$55.85
Price spread: −0.038% → 0.000%: −$3.76
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$79.6
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Polymarket Perps 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 −0.0089% / S +0.0166%	1h	12.897	−0.038%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.899	−0.024%	$506K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.897	−0.039%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.891%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0048%	8h	12.892	−0.078%	$97K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.887	−0.112%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.894	−0.063%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.899	−0.026%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.894	−0.062%	$344K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.881	−0.163%	$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	12.898	−0.030%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.878	−0.187%	$118.8M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.868	−0.264%	$83.0M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.868	−0.264%	$27.2M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.054%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.890	−0.093%	$124.2M	$14.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.893	−0.070%	$33.1M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.897	−0.039%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.880	−0.171%	$53.8M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.882	−0.155%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.895	−0.054%	$336K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	−0.229%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.869	−0.252%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.880	−0.171%	$589K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.877	−0.194%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	12.902	long leg	$81K	$71K	10x
Derive LINK-PERP	+0.0100%	1h	12.898	−0.033%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.914	+0.089%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.897	−0.039%	$10K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.867	−0.274%	$631K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.895	−0.057%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.902	0.000%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.884	−0.140%	$916K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.892	−0.078%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0236%	1h	12.893	−0.070%	$80.3M	$27.6M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0246%	1h	12.906	+0.035%	$792K	$233K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.900	−0.018%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.896	−0.049%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0571%	8h	12.907	+0.039%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0826%	1h	12.894	−0.061%	$343K	$33K	10x	as long as short