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 BingX−0.023%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.023%, 7d avg +0.019%

Together, before fees+0.255%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.041% cheaper against BingX than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.019%). If the spread goes back, that is −$4 on $10k: about 28 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	BingX LINK-USDT	13.149	0.0100	pay 0.0100% / 8h	27m 06s	—	$21.3M	—
Short	BloFin LINK-USDT	13.146	0.0220	get 0.0220% / 8h	27m 06s	$5.3M	$17.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $25.2
Price spread: −0.023% → +0.019%: −$4.13
Slippage, 4 orders: −$7.32
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.25
Costs to cover: 0.293%
Break-even: 9.3 days

Slippage from BingX: live order book, 11 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 BingX live order book, 11 min ago	1.14 bp	6.7 bp −$7	7.6 bp −$76	19.3 bp −$1,928	43.7 bp −$21.8K
Sell BloFin live order book, 7 min ago	1.52 bp	7.5 bp −$8	8.4 bp −$84	16.9 bp −$1,688	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
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	13.143	−0.047%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.149	+0.004%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.149	0.000%	$726K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.143	−0.048%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.152	+0.023%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.696%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.143	−0.046%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.147	−0.015%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.137	−0.091%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.140	−0.068%	$401K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.147	−0.012%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.139	−0.072%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.152	+0.023%	$122.2M	$304.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.147	−0.015%	$84.7M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.150	+0.008%	$27.7M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.154	+0.038%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.149	0.000%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.147	−0.015%	$36.7M	$57.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.148	−0.008%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.146	−0.023%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDTlong	+0.0100%	8h	13.149	long leg	—	$21.3M	—
Variational Omni LINK	+0.0100%	8h	13.146	−0.023%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.140	−0.068%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	−0.029%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	−0.008%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.142	−0.053%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.143	−0.049%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.156	+0.054%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.141	−0.061%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.127	−0.171%	$646K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.143	−0.045%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.145	−0.033%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.139	−0.076%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.146	−0.023%	$5.3M	$17.3M	75x
Backpack LINK_USDC_PERP	+0.0239%	1h	13.161	+0.091%	$363K	$377K	15x	as long as short
Hyperliquid LINK	+0.0284%	1h	13.166	+0.129%	$78.0M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.135	−0.104%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.151	+0.018%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0485%	8h	13.156	+0.053%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0682%	1h	13.142	−0.050%	$348K	$48K	10x	as long as short