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 +0.038%

Price spread now: BloFin against OKX+0.077%7-day average +0.023% · 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−$27as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.077%, 7d avg +0.023%

Together, before fees+0.282%+$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 0.054% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	12.927	0.0100	pay 0.0100% / 8h	5h 04m	$27.3M	$82.0M	50x
Short	BloFin LINK-USDT	12.937	0.0220	get 0.0220% / 8h	5h 04m	$5.2M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.077%Rate

Funding earned: $25.2
Price spread: +0.077% → +0.023%: $5.4
Slippage, 4 orders: −$10.47
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.87
Costs to cover: 0.325%
Break-even: 7.5 days

Slippage from OKX: live order book, 4 min ago; BloFin: live order book, 4 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 OKX live order book, 4 min ago	0.38 bp	7.4 bp −$7	15.4 bp −$154	32.4 bp −$3,242	doesn't fit
Sell BloFin live order book, 4 min ago	1.54 bp	9.2 bp −$9	14.2 bp −$142	29.7 bp −$2,974	62.2 bp −$31.1K

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 −0.0090% / S +0.0167%	1h	12.927	+0.003%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.939	+0.090%	$481K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.929	+0.013%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.077%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0063%	8h	12.926	−0.008%	$117K	$1.4M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.943	+0.124%	$959K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.949	+0.168%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0098%	1h	12.933	+0.046%	$771K	$177K	50x	as long as short
Phoenix LINK	+0.0098%	1h	12.989	+0.483%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.944	+0.131%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.935	+0.066%	$391K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.945	+0.136%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.948	+0.166%	$273K	$174K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.936	+0.072%	$119.6M	$296.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.930	+0.023%	$83.4M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	12.927	long leg	$27.3M	$82.0M	50x
Arcus LINK-USD	+0.0100%	1h	12.956	+0.224%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.945	+0.139%	$127.9M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.936	+0.070%	$32.2M	$57.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.940	+0.101%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.935	+0.062%	$53.8M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.943	+0.124%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.946	+0.147%	$341K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.930	+0.023%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.256%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.980	+0.410%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	+0.449%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.941	+0.108%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.927	−0.002%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.945	+0.143%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.929	+0.015%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.921	−0.046%	$633K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.936	+0.071%	$644K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.931	+0.027%	$542K	$2K	3x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	12.937	+0.077%	$5.2M	$15.7M	75x
Reya LINKRUSDPERP	+0.0388%	1h	12.931	+0.032%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0557%	1h	12.933	+0.047%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0622%	1h	12.947	+0.152%	$81.5M	$27.3M	10x	as long as short
Phemex LINKUSDT	+0.0626%	8h	12.949	+0.170%	$20.0M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0659%	1h	12.943	+0.124%	$343K	$30K	10x	as long as short