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 +0.043%

Price spread now: BloFin against Bybit+0.015%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.281%+$28 on $10k

Price spread, last 3 days (all we have)+0.045%+$5 · spread now +0.015%, 7d avg +0.030%

Together, before fees+0.326%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, 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	Bybit LINKUSDT	13.082	0.0100	pay 0.0100% / 8h	2h 47m	$84.4M	$69.5M	75x
Short	BloFin LINK-USDT	13.084	0.0220	get 0.0220% / 8h	2h 47m	$5.2M	$16.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.015%Rate

Funding earned: $25.2
Price spread: +0.015% → +0.030%: −$1.51
Slippage, 4 orders: −$9.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.85
Costs to cover: 0.325%
Break-even: 9.5 days

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 7 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 Bybit live order book, 2 min ago	0.38 bp	7.8 bp −$8	13.5 bp −$135	33.5 bp −$3,348	doesn't fit
Sell BloFin live order book, 7 min ago	2.68 bp	8.8 bp −$9	12.7 bp −$127	27.4 bp −$2,739	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 −0.0091% / S +0.0165%	1h	13.086	+0.033%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.099	+0.127%	$456K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.086	+0.030%	$701K	$111K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.087	+0.041%	$82K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.073	−0.067%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.213%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0037%	8h	13.058	−0.187%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	13.079	−0.023%	$134K	$1.6M	20x	as long as short
dYdX LINK-USD	+0.0059%	1h	13.092	+0.076%	$347K	$60K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.082	+0.001%	$2.1M	$2.4M	10x	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	13.090	+0.059%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.089	+0.054%	$397K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.096	+0.107%	$77.3M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.095	+0.099%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.090	+0.064%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.082	+0.002%	$121.0M	$300.1M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.082	long leg	$84.4M	$69.5M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.082	0.000%	$27.6M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.103	+0.161%	$184K	$171K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.085	+0.023%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.086	+0.031%	$35.6M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.089	+0.054%	$21.9M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.083	+0.008%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.084	+0.015%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.101	+0.145%	$363K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.075	−0.051%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.076	−0.047%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.060	−0.168%	$152K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.091	+0.069%	$80K	$63K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.081	−0.004%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.098	+0.124%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.080	−0.015%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.082	+0.004%	$640K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.081	−0.008%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.086	+0.034%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.093	+0.084%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.084	+0.015%	$5.2M	$16.7M	75x
Reya LINKRUSDPERP	+0.0372%	1h	13.087	+0.042%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0504%	8h	13.097	+0.115%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.088	+0.043%	$7.0M	$7.7M	50x	as long as short