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: KuCoin against BloFin−0.152%110s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as 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−$450.452% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.257%−$26 on $10k

Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.152%, 7d avg −0.011%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.142% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.011%). Swap the legs. The two prices were read 110 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	BloFin LINK-USDT	13.140	0.0220	pay 0.0220% / 8h	1h 31m	$5.2M	$17.0M	75x
Short	KuCoin LINKUSDTM	13.120	0.0100	get 0.0100% / 8h	1h 31m	$22.4M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$25.2
Price spread: −0.152% → −0.011%: −$14.15
Slippage, 4 orders: −$21.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$84.52
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; KuCoin: 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 BloFin live order book, 3 min ago	1.14 bp	9.0 bp −$9	13.3 bp −$133	22.8 bp −$2,279	doesn't fit
Sell KuCoin live order book, 2 min ago	1.14 bp	11.2 bp −$11	19.8 bp −$198	63.0 bp −$6,296	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 −0.0090% / S +0.0167%	1h	13.113	−0.205%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.123	−0.127%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.138	−0.014%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.128	−0.094%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.114	−0.198%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.632%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.134	−0.048%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.122	−0.137%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.122	−0.136%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.119	−0.159%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.117	−0.175%	$398K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.128	−0.091%	$77.5M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.125	−0.115%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.121	−0.142%	$275K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.117	−0.175%	$121.7M	$302.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.117	−0.175%	$84.6M	$70.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.119	−0.160%	$27.6M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.136	−0.030%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.123	−0.129%	$130.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.113	−0.205%	$36.3M	$56.3M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.120	−0.152%	$22.4M	$15.6M	75x
Bitget LINKUSDT	+0.0100%	8h	13.116	−0.183%	$54.6M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.115	−0.190%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.155	+0.114%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.147	+0.053%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	+0.046%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.154	+0.107%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.119	−0.160%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.121	−0.144%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.144	+0.030%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.127	−0.099%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.119	−0.161%	$645K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.112	−0.211%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.127	−0.102%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.129	−0.084%	$992K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0175%	1h	13.131	−0.068%	$364K	$375K	15x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	13.140	long leg	$5.2M	$17.0M	75x
Reya LINKRUSDPERP	+0.0376%	1h	13.114	−0.194%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0474%	8h	13.143	+0.023%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.139	−0.008%	$6.9M	$8.1M	50x	as long as short