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: KuCoin against BloFin+0.039%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

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

costs, in and out, $10k−$380.376% of the position

Long on BloFin Short on KuCoin

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)−0.058%−$6 · spread now +0.039%, 7d avg +0.002%

Together, before fees−0.327%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.037% dearer against BloFin than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of +0.002%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	12.870	0.0220	pay 0.0220% / 8h	1h 29m	$5.2M	$15.8M	75x
Short	KuCoin LINKUSDTM	12.875	0.0100	get 0.0100% / 8h	1h 29m	$22.7M	$12.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$25.2
Price spread: +0.039% → +0.002%: $3.69
Slippage, 4 orders: −$13.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$59.11
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 10 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, 5 min ago	0.39 bp	8.0 bp −$8	10.4 bp −$104	18.9 bp −$1,894	54.2 bp −$27.1K
Sell KuCoin live order book, 10 min ago	1.94 bp	11.9 bp −$12	21.2 bp −$212	62.5 bp −$6,254	doesn't fit

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 −0.0088% / S +0.0166%	1h	12.873	+0.021%	$1.8M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0008%	8h	12.862	−0.062%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.881	+0.084%	$510K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.873	+0.023%	$154K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.652%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.879	+0.072%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.869	−0.006%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.880	+0.081%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.878	+0.062%	$350K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.873	+0.026%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.879	+0.067%	$274K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.870	0.000%	$118.8M	$301.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.866	−0.031%	$83.2M	$73.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.867	−0.023%	$26.9M	$80.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.895	+0.194%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.866	−0.031%	$123.9M	$15.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.872	+0.016%	$34.3M	$58.4M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.875	+0.039%	$22.7M	$12.8M	75x
Bitget LINKUSDT	+0.0100%	8h	12.866	−0.031%	$53.8M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.870	0.000%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.867	−0.021%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.870	−0.002%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.871	+0.012%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.863	−0.054%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.879	+0.070%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.852	−0.140%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.886	+0.127%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.869	−0.008%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.840	−0.230%	$630K	$783K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.864	−0.047%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.872	+0.016%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.869	−0.008%	$933K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0127%	1h	12.876	+0.047%	$335K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.872	+0.012%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	12.870	long leg	$5.2M	$15.8M	75x
Hyperliquid LINK	+0.0337%	1h	12.883	+0.101%	$80.3M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0398%	1h	12.865	−0.038%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0418%	1h	12.878	+0.061%	$805K	$266K	50x	as long as short
Phemex LINKUSDT	+0.0585%	8h	12.888	+0.140%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0900%	1h	12.873	+0.021%	$343K	$33K	10x	as long as short