LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.030%

Price spread now: BloFin against BingX+0.061%81s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.343% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.061%, 7d avg +0.019%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.041% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.019%. The two prices were read 81 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	BingX LINK-USDC	13.150	0.0100	pay 0.0100% / 8h	31m 46s	—	$6.6M	—
Short	BloFin LINK-USDT	13.158	0.0220	get 0.0220% / 8h	31m 46s	$5.3M	$17.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.061%Rate

Funding earned: $25.2
Price spread: +0.061% → +0.019%: $4.14
Slippage, 4 orders: −$12.25
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$4.92
Costs to cover: 0.343%
Break-even: 8.4 days

Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 2 min ago.

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 BingX live order book, 5 min ago	0.76 bp	9.9 bp −$10	23.1 bp −$231	86.3 bp −$8,632	468.5 bp −$234.3K
Sell BloFin live order book, 2 min ago	1.52 bp	7.5 bp −$8	8.4 bp −$84	16.9 bp −$1,688	53.3 bp −$26.6K

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	13.160	+0.077%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.168	+0.135%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.160	+0.077%	$726K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.161	+0.084%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+0.158%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.703%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.155	+0.038%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.153	+0.023%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.158	+0.063%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.158	+0.061%	$401K	$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	13.151	+0.008%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.165	+0.113%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.147	−0.025%	$122.3M	$304.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.147	−0.023%	$84.7M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.148	−0.015%	$27.7M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.180	+0.228%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.151	+0.008%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.151	+0.008%	$36.8M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.154	+0.030%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.146	−0.030%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	13.150	long leg	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.182	+0.243%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.190	+0.301%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.185	+0.266%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.178	+0.213%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.167	+0.129%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.155	+0.035%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.178	+0.211%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.152	+0.015%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.140	−0.076%	$646K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.144	−0.044%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	+0.050%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.174	+0.183%	$997K	$2.8M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.158	+0.061%	$5.3M	$17.3M	75x
Backpack LINK_USDC_PERP	+0.0271%	1h	13.163	+0.099%	$363K	$379K	15x	as long as short
Hyperliquid LINK	+0.0275%	1h	13.165	+0.114%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.158	+0.057%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.161	+0.080%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0480%	8h	13.171	+0.160%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0652%	1h	13.164	+0.110%	$349K	$48K	10x	as long as short