LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.030%

Price spread now: BloFin against KuCoin+0.046%50s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as 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−$440.440% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.046%, 7d avg +0.002%

Together, before fees+0.275%+$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 0.044% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.956	0.0100	pay 0.0100% / 8h	4h 14m	$22.7M	$13.4M	75x
Short	BloFin LINK-USDT	12.962	0.0220	get 0.0220% / 8h	4h 14m	$5.2M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.046%Rate

Funding earned: $25.2
Price spread: +0.046% → +0.002%: $4.43
Slippage, 4 orders: −$20.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.37
Costs to cover: 0.440%
Break-even: 11.0 days

Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 5 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 KuCoin live order book, 5 min ago	1.93 bp	14.1 bp −$14	19.3 bp −$193	61.3 bp −$6,128	doesn't fit
Sell BloFin live order book, 5 min ago	0.77 bp	6.8 bp −$7	10.9 bp −$109	23.7 bp −$2,370	60.8 bp −$30.4K

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 −0.0089% / S +0.0166%	1h	12.947	−0.068%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.961	+0.039%	$520K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.950	−0.049%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.291%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0055%	8h	12.949	−0.054%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.955	−0.009%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.970	+0.108%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.944	−0.096%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.955	−0.008%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.952	−0.031%	$392K	$310K	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	12.959	+0.026%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.957	+0.008%	$275K	$177K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.950	−0.047%	$119.9M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.945	−0.085%	$83.5M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.951	−0.039%	$27.3M	$81.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.971	+0.116%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.954	−0.015%	$128.2M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.953	−0.023%	$32.8M	$56.9M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.956	long leg	$22.7M	$13.4M	75x
Bitget LINKUSDT	+0.0100%	8h	12.949	−0.054%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.950	−0.046%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.962	+0.046%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.949	−0.052%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.954	−0.018%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.962	+0.043%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.965	+0.069%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.959	+0.023%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.950	−0.046%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.966	+0.078%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.956	0.000%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.940	−0.123%	$635K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.948	−0.058%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.957	+0.005%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0205%	1h	12.959	+0.023%	$779K	$202K	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	12.962	+0.046%	$5.2M	$15.7M	75x
Hyperliquid LINK	+0.0374%	1h	12.967	+0.085%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.947	−0.070%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.958	+0.017%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0410%	1h	12.959	+0.021%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0532%	8h	12.972	+0.123%	$20.0M	$11.4M	50x	as long as short