data as of
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Price arb /

LINK

all LINK markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.049%
7d average—if it closes, per $10,000$5funding while held, a day−$15.51
Long on ReyaShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LINKRUSDPERP13.0220.0358pay 0.0045% / 1h0m 05s$4K$40020x
ShortGMX LINK/USD [LINK-USDC]13.028L −0.0088% / S +0.0159%pay 0.0020% / 1h0m 05s$1.7M—200x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$4.93
Funding while held
−$15.51
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee GMX: 6 bp × 2 orders
−$12
Net
−$28.57
Spread needed to break even
0.180%
Slippage unknown: Reya: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0517%
Per $10,000 a day
−$15.51
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell GMX no order-book sample—————
Reya 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 price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestOKX13.011+4.927%Bitget13.012+4.935%Bybit13.013+4.944%HTX13.014+4.949%BingX13.014+4.952%Extended13.014+4.954%Gate13.015+4.960%Binance13.016+4.968%Derive13.018+4.981%Nado13.018+4.984%MEXC13.018+4.984%KuCoin13.018+4.984%SoDEX13.018+4.984%Lighter13.018+4.986%
Reya13.022+5.016%
BloFin13.023+5.024%Aevo13.024+5.031%Paradex13.024+5.031%Orderly13.024+5.032%Deribit13.025+5.037%Kraken Futures13.025+5.040%Polymarket Perps13.025+5.040%Pacifica13.025+5.044%Aster13.025+5.044%Coinbase International13.028+5.065%
GMX13.028+5.067%
gTrade (Gains Network)13.029+5.069%Variational Omni13.030+5.077%Hyperliquid13.030+5.081%Backpack13.030+5.081%dYdX13.031+5.092%SunX13.032+5.097%Kalshi13.037+5.136%Phemex13.037+5.137%Arcus13.041+5.169%Phoenix13.045+5.203%edgeX13.062+5.336%ApeX Omni13.074+5.435%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.776%+0.0033%1h$4K$106K12xas long as short
OKX LINK-USDT-SWAP−0.084%+0.0023%8h$27.5M$91.4M50xas long as short
Bitget LINKUSDT−0.076%+0.0100%8h$54.3M$30.1M75xas long as short
Bybit LINKUSDT−0.069%−0.0023%8h$80.7M$60.8M75xas long as short
HTX LINK-USDT−0.063%+0.0100%8h$641K$1.0M75xas long as short
BingX LINK-USDC−0.061%+0.0100%8h—$6.6M—as long as short
Extended LINK-USD−0.059%+0.0064%1h$681K$1.8M25xas long as short
Gate LINK_USDT−0.053%+0.0002%8h$132.6M$12.7M75xas long as short
Binance LINKUSDT−0.045%+0.0044%8h$119.6M$288.8M75xas long as short
Derive LINK-PERP−0.033%+0.0100%1h$28K$10K10xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado LINK-PERP−0.030%+0.0100%1h$431K$363K10xas long as short
MEXC LINK_USDT−0.030%+0.0044%8h$34.7M$58.4M300xas long as short
KuCoin LINKUSDTM−0.030%+0.0100%8h$21.1M$17.5M75xas long as short
SoDEX LINK-USD−0.030%−0.0014%1h$8K$40K10xas long as short
Lighter LINK−0.028%+0.0056%1h$2.0M$2.0M10xas long as short
Reya LINKRUSDPERPlong0.000%+0.0358%1h$4K$40020x
BloFin LINK-USDT+0.008%+0.0164%8h$5.3M$13.2M75xas long as short
Aevo LINK-PERP+0.015%+0.0096%1h$548K$3403xas long as short
Paradex LINK-USD-PERP+0.015%+0.0027%8h$32K$2K20xas long as short
Orderly PERP_LINK_USDC+0.016%+0.0098%8h$177K$1.7M20xas long as short
Deribit LINK_USDC-PERPETUAL+0.021%0.0000%1h$697K$84K50xas long as short
Kraken Futures PF_LINKUSD+0.023%−0.0173%1h$6.1M$6.8M50xas long as short
Polymarket Perps LINK-USD+0.024%+0.0100%1h$74K$43K10xas long as short
Pacifica LINK+0.027%+0.0100%1h$272K$167K10xas long as short
Aster LINKUSDT+0.027%+0.0100%8h$1.5M$2.2M50xas long as short
Coinbase International LINK-PERP-INTX+0.047%+0.0088%1h$997K$2.7M50xas long as short
GMX LINK/USD [LINK-USDC]short+0.049%L −0.0088% / S +0.0159%1h$1.7M—200x
gTrade (Gains Network) LINK/USD+0.051%L +0.0004% / S −0.0007%1h$177K—150xas long as short
Variational Omni LINK+0.059%−0.0055%8h$3.2M$1.2M—as long as short
Hyperliquid LINK+0.062%+0.0100%1h$78.9M$20.5M10xas long as short
Backpack LINK_USDC_PERP+0.062%+0.0100%1h$387K$363K15xas long as short
dYdX LINK-USD+0.073%0.0000%1h$345K$60K10xas long as short
SunX LINK-USDT+0.077%+0.0100%8h$33K$1.6M30xas long as short
Kalshi KXLINKPERP+0.115%0.0000%8h$461K$2.2M3.7xas long as short
Phemex LINKUSDT+0.116%+0.0336%8h$20.3M$11.3M50xas long as short
Arcus LINK-USD+0.146%+0.0100%1h$184K$193K10xas long as short
Phoenix LINK+0.179%−0.0062%1h$3K$47K10xas long as short
edgeX LINKUSDC+0.305%+0.0100%4h$43K$313K20xas long as short
ApeX Omni LINKUSDT+0.400%+0.0100%1h$132K$653K50xas long as short