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 +0.036%

Price spread now: BloFin against MEXC+0.039%7-day average −0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on MEXC 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)−0.016%−$2 · spread now +0.039%, 7d avg −0.004%

Together, before fees+0.228%+$23 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 0.043% dearer against MEXC than usual: you sell high and buy low: +$4 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	MEXC LINK_USDT	12.929	0.0100	pay 0.0100% / 8h	2h 48m	$33.2M	$56.5M	300x
Short	BloFin LINK-USDT	12.934	0.0220	get 0.0220% / 8h	2h 48m	$5.2M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.039%Rate

Funding earned: $25.2
Price spread: +0.039% → −0.004%: $4.31
Slippage, 4 orders: −$5.8
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $11.72
Costs to cover: 0.178%
Break-even: 3.7 days

Slippage from MEXC: 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 MEXC live order book, 5 min ago	0.39 bp	0.6 bp −$1	4.0 bp −$40	24.3 bp −$2,425	46.9 bp −$23.5K
Sell BloFin live order book, 5 min ago	2.33 bp	8.3 bp −$8	11.3 bp −$113	22.3 bp −$2,231	66.1 bp −$33.1K

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 −0.0089% / S +0.0166%	1h	12.936	+0.056%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.945	+0.124%	$516K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.938	+0.067%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.092%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0055%	8h	12.932	+0.023%	$116K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.945	+0.125%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.933	+0.028%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0098%	1h	12.939	+0.079%	$791K	$218K	50x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.940	+0.086%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.938	+0.070%	$343K	$339K	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	12.936	+0.055%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.943	+0.107%	$276K	$185K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.934	+0.039%	$119.7M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.929	0.000%	$83.4M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.931	+0.015%	$27.3M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.954	+0.193%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.927	−0.015%	$124.5M	$14.6M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.929	long leg	$33.2M	$56.5M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.935	+0.046%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.931	+0.015%	$54.3M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.933	+0.031%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.936	+0.054%	$339K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.930	+0.010%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.906	−0.180%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.937	+0.062%	$587K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.934	+0.039%	$132K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.944	+0.116%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.931	+0.019%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.951	+0.174%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.929	0.000%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.927	−0.015%	$634K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.924	−0.039%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.935	+0.046%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.937	+0.062%	$919K	$2.8M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	12.934	+0.039%	$5.2M	$15.8M	75x
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.930	+0.011%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0305%	1h	12.945	+0.124%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.935	+0.046%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0572%	8h	12.949	+0.155%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1065%	1h	12.938	+0.070%	$344K	$32K	10x	as long as short