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 +0.040%

Price spread now: BloFin against Gate+0.076%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

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

costs, in and out, $10k−$420.424% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.272%+$27 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.076%, 7d avg +0.016%

Together, before fees+0.223%+$22 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 0.059% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.219	0.0100	pay 0.0100% / 8h	42m 54s	$131.0M	$12.7M	75x
Short	BloFin LINK-USDT	13.229	0.0220	get 0.0220% / 8h	42m 54s	$5.3M	$17.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.076%Rate

Funding earned: $25.2
Price spread: +0.076% → +0.016%: $5.93
Slippage, 4 orders: −$15.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.25
Costs to cover: 0.424%
Break-even: 10.1 days

Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago	1.51 bp	12.1 bp −$12	19.1 bp −$191	33.6 bp −$3,362	75.9 bp −$38.0K
Sell BloFin live order book, 6 min ago	1.89 bp	7.9 bp −$8	12.5 bp −$125	22.4 bp −$2,241	52.9 bp −$26.4K

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	13.230	+0.082%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.245	+0.194%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.228	+0.066%	$725K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.230	+0.086%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.267	+0.365%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.196%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.226	+0.053%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.220	+0.008%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.238	+0.144%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.238	+0.144%	$405K	$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	13.223	+0.027%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.248	+0.220%	$278K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.213	−0.045%	$123.1M	$304.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.212	−0.053%	$85.3M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.214	−0.038%	$27.9M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.256	+0.280%	$186K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.219	long leg	$131.0M	$12.7M	75x
MEXC LINK_USDT	+0.0100%	8h	13.215	−0.030%	$36.8M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.221	+0.015%	$22.6M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.209	−0.076%	$55.0M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.216	−0.023%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.249	+0.226%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.246	+0.206%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.251	+0.243%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.250	+0.235%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.238	+0.144%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.223	+0.033%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.240	+0.160%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.219	0.000%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.229	+0.079%	$651K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.213	−0.048%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.228	+0.071%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.242	+0.174%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.229	+0.076%	$5.3M	$17.3M	75x
dYdX LINK-USD	+0.0221%	1h	13.248	+0.220%	$351K	$48K	10x	as long as short
Hyperliquid LINK	+0.0293%	1h	13.228	+0.068%	$78.3M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0348%	1h	13.229	+0.076%	$365K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.230	+0.087%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.240	+0.159%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0475%	1h	13.227	+0.059%	$7.0M	$8.2M	50x	as long as short