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: Binance against BloFin+0.163%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

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

costs, in and out, $10k−$290.290% of the position

Long on BloFin Short on Binance

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)−0.215%−$22 · spread now +0.163%, 7d avg −0.001%

Together, before fees−0.459%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.164% dearer against BloFin than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of −0.001%): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	12.894	0.0220	pay 0.0220% / 8h	4h 40m	$5.2M	$15.6M	75x
Short	Binance LINKUSDT	12.915	0.0100	get 0.0100% / 8h	4h 40m	$119.4M	$297.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.163%Rate

Funding earned: −$25.2
Price spread: +0.163% → −0.001%: $16.35
Slippage, 4 orders: −$6.97
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.82
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 3 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, 3 min ago	0.39 bp	7.4 bp −$7	11.9 bp −$119	22.6 bp −$2,256	60.5 bp −$30.2K
Sell Binance live order book, 3 min ago	0.39 bp	5.7 bp −$6	12.1 bp −$121	35.5 bp −$3,550	109.5 bp −$54.7K

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	12.892	−0.015%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.894	+0.003%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.896	+0.012%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.831%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0059%	8h	12.894	0.000%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.912	+0.140%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.891	−0.023%	$939K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.894	+0.003%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.912	+0.141%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.912	+0.143%	$390K	$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	12.912	+0.140%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.914	+0.157%	$273K	$176K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.915	+0.163%	$119.4M	$297.0M	75x
Bybit LINKUSDT	+0.0100%	8h	12.908	+0.109%	$83.3M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.908	+0.109%	$27.2M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.913	+0.147%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.908	+0.109%	$127.5M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.912	+0.140%	$32.2M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.917	+0.178%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.912	+0.140%	$53.7M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.911	+0.132%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.907	+0.101%	$337K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.888	−0.046%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	+0.046%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	−0.060%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	−0.023%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.917	+0.178%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.894	−0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.907	+0.099%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.896	+0.016%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.862	−0.245%	$630K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.909	+0.114%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.897	+0.024%	$541K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0176%	1h	12.903	+0.067%	$770K	$193K	50x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	12.894	long leg	$5.2M	$15.6M	75x
Hyperliquid LINK	+0.0357%	1h	12.926	+0.248%	$80.9M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.906	+0.092%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.899	+0.040%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0585%	8h	12.910	+0.124%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0681%	1h	12.915	+0.159%	$342K	$30K	10x	as long as short