LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against Binance+0.080%7-day average −0.004% · 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−$20as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.080%, 7d avg −0.004%

Together, before fees+0.277%+$28 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 0.084% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.861	0.0100	pay 0.0100% / 8h	7h 34m	$118.7M	$297.0M	75x
Short	BloFin LINK-USDT	12.871	0.0220	get 0.0220% / 8h	7h 34m	$5.2M	$15.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.080%Rate

Funding earned: $25.2
Price spread: +0.080% → −0.004%: $8.45
Slippage, 4 orders: −$6.38
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $5.27
Costs to cover: 0.284%
Break-even: 5.5 days

Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 4 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 Binance live order book, 9 min ago	0.39 bp	5.4 bp −$5	10.4 bp −$104	38.3 bp −$3,827	125.3 bp −$62.7K
Sell BloFin live order book, 4 min ago	1.16 bp	8.2 bp −$8	11.6 bp −$116	26.3 bp −$2,625	53.3 bp −$26.6K

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
Orderly PERP_LINK_USDC	−0.0114%	8h	12.868	+0.057%	$90K	$976K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.873	+0.096%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.877	+0.128%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.874	+0.108%	$154K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.582%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.875	+0.113%	$6.4M	$8.4M	50x	as long as short
Bybit LINKUSDT	+0.0070%	8h	12.856	−0.036%	$83.3M	$72.9M	75x	as long as short
Phoenix LINK	+0.0087%	1h	12.886	+0.201%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.873	+0.095%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.865	+0.035%	$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	12.877	+0.131%	$349K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.878	+0.135%	$80.4M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.869	+0.067%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.869	+0.061%	$274K	$181K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.861	long leg	$118.7M	$297.0M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.858	−0.021%	$27.0M	$79.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.888	+0.212%	$180K	$98K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.870	+0.073%	$133.4M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.872	+0.088%	$35.6M	$58.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.872	+0.088%	$22.8M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.857	−0.029%	$53.7M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.864	+0.026%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.880	+0.150%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.870	+0.075%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.884	+0.180%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.879	+0.141%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.895	+0.267%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.863	+0.018%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.874	+0.107%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.888	+0.213%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.871	+0.080%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.860	−0.003%	$628K	$717K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.858	−0.020%	$614K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.873	+0.095%	$540K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0107%	1h	12.877	+0.125%	$805K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.924	+0.492%	$930K	$3.2M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	12.871	+0.080%	$5.2M	$15.9M	75x
Reya LINKRUSDPERP	+0.0403%	1h	12.866	+0.042%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0502%	8h	12.889	+0.220%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.1419%	1h	12.867	+0.048%	$345K	$48K	10x	as long as short