Funding you earn now, next payment 01:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h −0.010%
Price spread now: dYdX against BloFin−0.226%92s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as 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−$1751.753% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 3 days (all we have)+0.178%+$18 · spread now −0.226%, 7d avg +0.003%
=Funding pays, the price is against you. dYdX is 0.229% cheaper against BloFin than usual: you would sell low and buy high (spread −0.226% now, against its 7-day average of +0.003%). If the spread goes back, that is −$23 on $10k: about 3.6 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.057% in total) that is about 28 days. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin LINK-USDT | 13.150 | 0.0220 | pay 0.0220% / 8h | 7h 03m | $5.2M | $15.5M | 75x |
| Short | dYdX LINK-USD | 13.120 | 0.0434 | get 0.0054% / 1h | 3m 29s | $348K | $48K | 10x |
BloFin LINK-USDT
dYdX LINK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $44.84
- Price spread: −0.226% → +0.003%
- −$22.88
- Slippage, 4 orders
- −$153.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$153.31
- Costs to cover
- 1.753%
- Break-even
- 30.9 days
Slippage from BloFin: live order book, 5 min ago; dYdX: 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 BloFin live order book, 5 min ago | 0.38 bp | 6.4 bp −$6 | 6.4 bp −$64 | 19.0 bp −$1,900 | doesn't fit |
| Sell dYdX live order book, 6 min ago | 46.74 bp | 110.7 bp −$111 | 166.9 bp −$1,669 | 181.6 bp −$18.2K | 366.3 bp −$183.1K |
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 | 13.161 | +0.081% | $1.8M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 13.163 | +0.098% | $469K | $2.2M | 3.7x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0007% | 1h | 13.161 | +0.081% | $134K | — | 150x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −5.703% | $4K | $48K | 12x | as long as short |
| Phoenix LINK | +0.0036% | 1h | 13.181 | +0.238% | $4K | $89K | 10x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.0046% | 1h | 13.159 | +0.071% | $781K | $212K | 50x | as long as short |
| Orderly PERP_LINK_USDC | +0.0070% | 8h | 13.154 | +0.030% | $133K | $1.5M | 20x | as long as short |
| Lighter LINK | +0.0096% | 1h | 13.112 | −0.286% | $2.0M | $2.8M | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.0099% | 8h | 13.176 | +0.195% | $32K | $2K | 20x | as long as short |
| Nado LINK-PERP | +0.0100% | 1h | 13.105 | −0.342% | $402K | $306K | 10x | as long as short |
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
gTrade (Gains Network) LINK/USD
Injective LINK/USDC PERP
Phoenix LINK
Deribit LINK_USDC-PERPETUAL
Orderly PERP_LINK_USDC
Lighter LINK
Paradex LINK-USD-PERP
Nado LINK-PERPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster LINKUSDT | +0.0100% | 8h | 13.125 | −0.190% | $1.4M | $3.0M | 50x | as long as short |
| Pacifica LINK | +0.0100% | 1h | 13.116 | −0.262% | $275K | $154K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 13.113 | −0.281% | $121.7M | $297.9M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 13.111 | −0.297% | $84.4M | $70.6M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 13.111 | −0.297% | $27.5M | $83.5M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 13.122 | −0.213% | $184K | $167K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 13.110 | −0.304% | $129.8M | $12.5M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 13.098 | −0.395% | $35.8M | $59.3M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 13.123 | −0.205% | $22.9M | $14.4M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 13.096 | −0.411% | $54.3M | $30.1M | 75x | as long as short |
| BingX LINK-USDC | +0.0100% | 8h | 13.102 | −0.365% | — | $6.6M | — | as long as short |
| Variational Omni LINK | +0.0100% | 8h | 13.145 | −0.038% | $3.4M | $1.5M | — | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 13.176 | +0.199% | $44K | $309K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 13.147 | −0.025% | $592K | $2.7M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 13.150 | 0.000% | $153K | $669K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 13.166 | +0.122% | $82K | $69K | 10x | as long as short |
| Derive LINK-PERP | +0.0100% | 1h | 13.154 | +0.027% | $16K | $22K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 13.164 | +0.106% | $34K | $1.5M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 13.150 | 0.000% | $14K | $32K | 10x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 13.158 | +0.058% | $648K | $866K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 13.096 | −0.414% | $667K | $1.9M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 13.159 | +0.065% | $552K | $2K | 3x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0120% | 1h | 13.159 | +0.068% | $998K | $2.7M | 50x | as long as short |
| Backpack LINK_USDC_PERP | +0.0155% | 1h | 13.149 | −0.008% | $364K | $361K | 15x | as long as short |
| BloFin LINK-USDTlong | +0.0220% | 8h | 13.150 | long leg | $5.2M | $15.5M | 75x | |
| Kraken Futures PF_LINKUSD | +0.0365% | 1h | 13.153 | +0.021% | $6.9M | $8.0M | 50x | as long as short |
| Reya LINKRUSDPERP | +0.0382% | 1h | 13.159 | +0.067% | $5K | — | 20x | as long as short |
| dYdX LINK-USDshort | +0.0434% | 1h | 13.120 | −0.226% | $348K | $48K | 10x | |
| Phemex LINKUSDT | +0.0517% | 8h | 13.159 | +0.068% | $20.4M | $11.5M | 50x | as long as short |
| Hyperliquid LINK | +0.0539% | 1h | 13.138 | −0.091% | $81.1M | $25.0M | 10x | as long as short |
Aster LINKUSDT
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDC
Variational Omni LINK
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
HTX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Coinbase International LINK-PERP-INTX
Backpack LINK_USDC_PERP
Kraken Futures PF_LINKUSD
Reya LINKRUSDPERP
Phemex LINKUSDT
Hyperliquid LINK