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: BloFin against SunX−0.060%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on SunX Short on BloFin

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)−0.066%−$7 · spread now −0.060%, 7d avg −0.092%

Together, before fees+0.107%+$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 0.031% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	13.098	0.0100	pay 0.0100% / 8h	2h 52m	$34K	$1.6M	30x
Short	BloFin LINK-USDT	13.090	0.0220	get 0.0220% / 8h	2h 52m	$5.2M	$16.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now −0.060%Rate

Funding earned: $25.2
Price spread: −0.060% → −0.092%: $3.14
Slippage, 4 orders: −$31.17
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$22.84
Costs to cover: 0.512%
Break-even: 13.3 days

Slippage from SunX: live order book, 12 min ago; BloFin: 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 SunX live order book, 12 min ago	13.68 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.38 bp	7.5 bp −$8	11.7 bp −$117	21.8 bp −$2,179	55.4 bp −$27.7K

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 +0.0166%	1h	13.090	−0.057%	$1.7M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.085	−0.099%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.095	−0.019%	$457K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.090	−0.058%	$697K	$107K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.093	−0.038%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.127	+0.226%	$3K	$84K	10x	as long as short
Variational Omni LINK	+0.0031%	8h	13.109	+0.088%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.328%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0056%	8h	13.080	−0.137%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.091	−0.055%	$2.1M	$2.3M	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	13.086	−0.092%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.093	−0.034%	$399K	$315K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.103	+0.039%	$78.0M	$23.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.088	−0.074%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.085	−0.102%	$274K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.082	−0.121%	$121.0M	$300.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.082	−0.121%	$84.3M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.090	−0.060%	$27.6M	$84.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.109	+0.085%	$184K	$170K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.087	−0.083%	$130.5M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.079	−0.144%	$35.6M	$55.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.089	−0.068%	$21.7M	$16.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.087	−0.083%	$54.1M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.081	−0.129%	—	$21.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.101	+0.024%	$363K	$370K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.117	+0.144%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.133	+0.268%	$591K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.109	+0.085%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.096	−0.015%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.083	−0.117%	$22K	$16K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.098	long leg	$34K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.086	−0.091%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.037	−0.463%	$638K	$905K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.087	−0.085%	$665K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.090	−0.057%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.095	−0.022%	$989K	$2.7M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.090	−0.060%	$5.2M	$16.6M	75x
Reya LINKRUSDPERP	+0.0372%	1h	13.094	−0.027%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.096	−0.013%	$6.9M	$7.7M	50x	as long as short
Phemex LINKUSDT	+0.0510%	8h	13.103	+0.039%	$20.2M	$11.5M	50x	as long as short