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: SunX against BloFin+0.093%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.093%, 7d avg +0.093%

Together, before fees−0.205%−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.093%, 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	BloFin LINK-USDT	13.183	0.0220	pay 0.0220% / 8h	1h 38m	$5.2M	$17.0M	75x
Short	SunX LINK-USDT	13.195	0.0100	get 0.0100% / 8h	1h 38m	$34K	$1.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$25.2
Price spread: +0.093% → +0.093%: −$0.06
Slippage, 4 orders: −$33.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$78.93
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; SunX: 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 BloFin live order book, 5 min ago	1.14 bp	8.3 bp −$8	10.6 bp −$106	22.2 bp −$2,220	doesn't fit
Sell SunX live order book, 6 min ago	13.65 bp	19.2 bp −$19	doesn't fit	doesn't fit	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	13.185	+0.013%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.172	−0.084%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.190	+0.052%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.178	−0.036%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.185	+0.012%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.939%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.193%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.182	−0.008%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.177	−0.045%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.171	−0.089%	$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	13.181	−0.011%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.194	+0.083%	$77.8M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.182	−0.006%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.173	−0.076%	$276K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.183	0.000%	$122.3M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.184	+0.008%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.186	+0.023%	$27.7M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	+0.068%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.176	−0.053%	$130.9M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.182	−0.008%	$36.7M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.181	−0.015%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.176	−0.053%	$54.8M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.182	−0.008%	—	$21.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.205	+0.167%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.200	+0.128%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	+0.115%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.206	+0.174%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.186	+0.023%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.173	−0.075%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.195	+0.093%	$34K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.177	−0.046%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.175	−0.059%	$648K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.182	−0.010%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.173	−0.079%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	+0.144%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0180%	1h	13.186	+0.023%	$365K	$374K	15x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	13.183	long leg	$5.2M	$17.0M	75x
Reya LINKRUSDPERP	+0.0375%	1h	13.182	−0.007%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0456%	8h	13.192	+0.068%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.185	+0.018%	$6.9M	$8.0M	50x	as long as short