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 Bitget+0.015%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.015%, 7d avg +0.027%

Together, before fees+0.275%+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	13.141	0.0100	pay 0.0100% / 8h	2h 12m	$54.5M	$30.3M	75x
Short	BloFin LINK-USDT	13.143	0.0220	get 0.0220% / 8h	2h 12m	$5.2M	$16.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.015%Rate

Funding earned: $25.2
Price spread: +0.015% → +0.027%: −$1.18
Slippage, 4 orders: −$9.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.79
Costs to cover: 0.338%
Break-even: 9.7 days

Slippage from Bitget: live order book, 6 min ago; BloFin: live order book, 6 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 Bitget live order book, 6 min ago	1.14 bp	8.5 bp −$8	11.7 bp −$117	23.2 bp −$2,319	doesn't fit
Sell BloFin live order book, 6 min ago	2.28 bp	8.3 bp −$8	12.5 bp −$125	27.3 bp −$2,735	doesn't fit

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 −0.0092% / S +0.0167%	1h	13.149	+0.062%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.147	+0.044%	$477K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.148	+0.053%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.152	+0.080%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0015%	1h	13.174	+0.251%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.185	+0.333%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.639%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.145	+0.030%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.144	+0.020%	$2.1M	$2.4M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	13.185	+0.334%	$3.3M	$1.5M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.169	+0.217%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.162	+0.156%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.154	+0.099%	$77.5M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.149	+0.059%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.175	+0.262%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.150	+0.068%	$122.1M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.146	+0.038%	$84.7M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.147	+0.046%	$27.8M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.189	+0.365%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.143	+0.015%	$130.4M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.142	+0.008%	$36.8M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.145	+0.030%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	13.141	long leg	$54.5M	$30.3M	75x
BingX LINK-USDT	+0.0100%	8h	13.148	+0.053%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.182	+0.313%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.187	+0.350%	$595K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.184	+0.327%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.164	+0.175%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.142	+0.009%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.186	+0.345%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.139	−0.015%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.122	−0.142%	$645K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.141	−0.001%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.148	+0.049%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.161	+0.152%	$990K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.150	+0.068%	$366K	$373K	15x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.143	+0.015%	$5.2M	$16.9M	75x
Reya LINKRUSDPERP	+0.0374%	1h	13.158	+0.126%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.159	+0.137%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.150	+0.067%	$6.9M	$7.9M	50x	as long as short