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 +0.038%

Price spread now: BloFin against OKX−0.046%7-day average +0.016% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.046%, 7d avg +0.016%

Together, before fees+0.366%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.062% cheaper against OKX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.016%). If the spread goes back, that is −$6 on $10k: about 41 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	12.923	0.0100	pay 0.0100% / 8h	4h 50m	$27.2M	$81.4M	50x
Short	BloFin LINK-USDT	12.917	0.0220	get 0.0220% / 8h	4h 50m	$5.2M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now −0.046%Rate

Funding earned: $25.2
Price spread: −0.046% → +0.016%: −$6.22
Slippage, 4 orders: −$7.91
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.93
Costs to cover: 0.299%
Break-even: 10.0 days

Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 3 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 OKX live order book, 3 min ago	0.39 bp	7.7 bp −$8	17.4 bp −$174	36.8 bp −$3,678	doesn't fit
Sell BloFin live order book, 3 min ago	0.77 bp	6.8 bp −$7	10.7 bp −$107	27.4 bp −$2,741	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	12.911	−0.092%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.917	−0.044%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.910	−0.104%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.047%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.908	−0.116%	$116K	$1.3M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0091%	1h	12.913	−0.080%	$771K	$189K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.908	−0.114%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.954	+0.240%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.947	+0.184%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.910	−0.104%	$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	12.905	−0.137%	$390K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.915	−0.060%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.909	−0.105%	$272K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.923	−0.001%	$119.5M	$296.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.919	−0.031%	$83.4M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	12.923	long leg	$27.2M	$81.4M	50x
Arcus LINK-USD	+0.0100%	1h	12.928	+0.039%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.912	−0.085%	$127.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.924	+0.008%	$32.3M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.922	−0.008%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.922	−0.008%	$53.7M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.921	−0.015%	—	$22.4M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.920	−0.023%	$338K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.903	−0.153%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	+0.158%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	+0.120%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.945	+0.170%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.919	−0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.907	−0.122%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.925	+0.017%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.909	−0.108%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.894	−0.223%	$631K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.921	−0.017%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.911	−0.095%	$541K	$2K	3x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	12.917	−0.046%	$5.2M	$15.6M	75x
Reya LINKRUSDPERP	+0.0388%	1h	12.909	−0.105%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.912	−0.085%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0399%	1h	12.923	0.000%	$81.0M	$27.4M	10x	as long as short
Phemex LINKUSDT	+0.0621%	8h	12.926	+0.023%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0727%	1h	12.907	−0.126%	$342K	$30K	10x	as long as short