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 +0.040%

Price spread now: BloFin against Gate+0.184%78s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as 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−$420.423% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.272%+$27 on $10k

Price spread, last 3 days (all we have)−0.158%−$16 · spread now +0.184%, 7d avg +0.017%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.168% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.017%. The two prices were read 78 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	Gate LINK_USDT	13.013	0.0100	pay 0.0100% / 8h	6h 55m	$129.0M	$12.1M	75x
Short	BloFin LINK-USDT	13.037	0.0220	get 0.0220% / 8h	6h 55m	$5.3M	$15.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.184%Rate

Funding earned: $25.2
Price spread: +0.184% → +0.017%: $16.76
Slippage, 4 orders: −$15.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$0.34
Costs to cover: 0.423%
Break-even: 7.1 days

Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 8 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 Gate live order book, 3 min ago	1.92 bp	13.8 bp −$14	26.0 bp −$260	47.0 bp −$4,701	90.9 bp −$45.4K
Sell BloFin live order book, 8 min ago	0.38 bp	6.4 bp −$6	7.4 bp −$74	15.7 bp −$1,566	49.8 bp −$24.9K

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 +0.0167%	1h	13.005	−0.060%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.042	+0.220%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.013	+0.001%	$773K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.006	−0.056%	$131K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.711%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.118	+0.808%	$4K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0071%	8h	13.003	−0.077%	$129K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.016	+0.023%	$997K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.007	−0.048%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.085	+0.551%	$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	13.019	+0.050%	$398K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.009	−0.034%	$1.3M	$3.0M	50x	as long as short
dYdX LINK-USD	+0.0100%	1h	13.013	+0.002%	$345K	$48K	10x	as long as short
Pacifica LINK	+0.0100%	1h	13.018	+0.041%	$273K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.007	−0.046%	$120.9M	$299.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.002	−0.085%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.003	−0.077%	$27.4M	$83.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.026	+0.100%	$182K	$167K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.013	long leg	$129.0M	$12.1M	75x
MEXC LINK_USDT	+0.0100%	8h	13.009	−0.031%	$34.6M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.015	+0.015%	$22.5M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.008	−0.038%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.004	−0.069%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.008	−0.038%	$349K	$383K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.000	−0.096%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.071	+0.445%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.074	+0.470%	$589K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.080	+0.515%	$152K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.021	+0.061%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.006	−0.056%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.020	+0.053%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.007	−0.046%	$18K	$34K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.002	−0.081%	$642K	$869K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.005	−0.061%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.010	−0.021%	$546K	$2K	3x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.037	+0.184%	$5.3M	$15.2M	75x
Reya LINKRUSDPERP	+0.0383%	1h	13.010	−0.023%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.014	+0.006%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0650%	8h	13.023	+0.077%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0852%	1h	13.025	+0.092%	$83.6M	$27.4M	10x	as long as short