LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%

Price spread now: MEXC against BloFin−0.031%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.031%, 7d avg +0.001%

Together, before fees−0.266%−$27 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 MEXC is 0.032% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	12.980	0.0220	pay 0.0220% / 8h	3h 58m	$5.2M	$15.7M	75x
Short	MEXC LINK_USDT	12.976	0.0100	get 0.0100% / 8h	3h 58m	$32.8M	$56.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$25.2
Price spread: −0.031% → +0.001%: −$3.19
Slippage, 4 orders: −$5.92
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$46.31
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	1.54 bp	8.2 bp −$8	10.8 bp −$108	21.6 bp −$2,160	doesn't fit
Sell MEXC live order book, 5 min ago	0.77 bp	1.0 bp −$1	4.2 bp −$42	27.6 bp −$2,758	46.6 bp −$23.3K

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 −0.0089% / S +0.0166%	1h	12.982	+0.017%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	12.975	−0.040%	$344K	$30K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.999	+0.149%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.982	+0.018%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.468%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	12.980	0.000%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.982	+0.015%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0097%	1h	12.985	+0.042%	$781K	$202K	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.977	−0.024%	$3K	$81K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.998	+0.136%	$31K	$2K	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	12.995	+0.112%	$392K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.981	+0.006%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.999	+0.150%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.980	0.000%	$120.3M	$297.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.976	−0.031%	$83.8M	$72.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.980	0.000%	$27.4M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.008	+0.216%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.975	−0.039%	$128.5M	$12.7M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.976	−0.031%	$32.8M	$56.2M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.978	−0.015%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.975	−0.039%	$54.0M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.976	−0.031%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.990	+0.079%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.991	+0.084%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.971	−0.070%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	−0.039%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.994	+0.108%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.979	−0.005%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.011	+0.240%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.980	0.000%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.976	−0.028%	$637K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.970	−0.078%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.982	+0.015%	$544K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.998	+0.139%	$943K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0169%	1h	12.982	+0.015%	$339K	$386K	15x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	12.980	long leg	$5.2M	$15.7M	75x
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.983	+0.020%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0273%	1h	12.996	+0.120%	$81.4M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.982	+0.019%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0528%	8h	12.994	+0.108%	$20.1M	$11.3M	50x	as long as short