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: Gate against BloFin+0.038%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on BloFin Short on Gate

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)−0.091%−$9 · spread now +0.038%, 7d avg −0.014%

Together, before fees−0.363%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.052% dearer against BloFin than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	13.164	0.0220	pay 0.0220% / 8h	2h 20m	$5.2M	$16.9M	75x
Short	Gate LINK_USDT	13.169	0.0100	get 0.0100% / 8h	2h 20m	$130.9M	$12.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.038%Rate

Funding earned: −$25.2
Price spread: +0.038% → −0.014%: $5.2
Slippage, 4 orders: −$11.79
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.79
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Gate: 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	0.76 bp	6.8 bp −$7	10.3 bp −$103	23.4 bp −$2,343	doesn't fit
Sell Gate live order book, 3 min ago	1.90 bp	9.8 bp −$10	15.5 bp −$155	32.5 bp −$3,250	75.1 bp −$37.5K

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 −0.0092% / S +0.0166%	1h	13.163	−0.004%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.171	+0.056%	$483K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.171	+0.054%	$714K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.165	+0.011%	$133K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.159	−0.039%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0019%	1h	13.168	+0.032%	$349K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.804%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.161	−0.023%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0076%	8h	13.148	−0.121%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.173	+0.070%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.166	+0.012%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.165	+0.008%	$399K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.184	+0.152%	$77.9M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.170	+0.043%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.171	+0.051%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.172	+0.061%	$121.8M	$300.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.171	+0.053%	$84.8M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.174	+0.076%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.178	+0.106%	$185K	$172K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	13.169	+0.038%	$130.9M	$12.7M	75x
MEXC LINK_USDT	+0.0100%	8h	13.174	+0.076%	$37.1M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.173	+0.068%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.171	+0.053%	$54.5M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.170	+0.046%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.151	−0.096%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	−0.144%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.155	−0.068%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.170	+0.046%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.165	+0.006%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.183	+0.143%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.168	+0.030%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	−0.046%	$647K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.171	+0.050%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.169	+0.041%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.165	+0.008%	$988K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0120%	1h	13.183	+0.144%	$365K	$372K	15x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	13.164	long leg	$5.2M	$16.9M	75x
Reya LINKRUSDPERP	+0.0373%	1h	13.156	−0.059%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.179	+0.114%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	13.177	+0.102%	$7.0M	$7.8M	50x	as long as short