Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0187%/8h= +20.4% APRpaid last 24h +0.050%

Price spread now: BloFin against Injective+3.895%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.752%−$75 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 3.895% dearer against Injective than usual: you sell high and buy low: +$390 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.752%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	49m 40s	$4K	$48K	12x
Short	BloFin LINK-USDT	12.883	0.0220	get 0.0220% / 8h	4h 49m	$5.4M	$15.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +3.895%Rate

Funding earned: $39.2
Price spread: +3.895% → 0.000%: $389.52
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $416.7
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 2 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	0.78 bp	6.8 bp −$7	10.1 bp −$101	23.5 bp −$2,347	59.7 bp −$29.8K

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 40 exchanges

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
Orderly PERP_LINK_USDC	−0.0248%	8h	12.881	+3.879%	$84K	$778K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.901	+4.042%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.888	+3.939%	$478K	$2.0M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.899	+4.028%	$114K	—	150x	as long as short
Phoenix LINK	+0.0025%	1h	12.914	+4.144%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Variational Omni LINK	+0.0067%	8h	12.873	+3.815%	$3.3M	$1.7M	—	as long as short
Lighter LINK	+0.0096%	1h	12.863	+3.732%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.865	+3.747%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.889	+3.948%	$345K	$273K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.867	+3.766%	$80.9M	$25.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.872	+3.802%	$1.2M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.868	+3.777%	$273K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.869	+3.782%	$119.7M	$263.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.862	+3.726%	$83.6M	$66.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.870	+3.790%	$27.3M	$72.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.892	+3.968%	$180K	$84K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.873	+3.815%	$132.7M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.868	+3.774%	$35.8M	$52.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.864	+3.742%	$23.1M	$11.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.870	+3.790%	$53.8M	$25.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.874	+3.823%	—	$23.4M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.885	+3.911%	$324K	$350K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.904	+4.068%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.907	+4.089%	$581K	$3.2M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.913	+4.137%	$104K	$686K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.901	+4.040%	$82K	$56K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.884	+3.902%	$16K	$18K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.901	+4.040%	$33K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.890	+3.952%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.872	+3.808%	$612K	$700K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.866	+3.759%	$622K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.890	+3.951%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.895	+3.992%	$982K	$3.0M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0216%	1h	12.882	+3.884%	$6.6M	$7.5M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	12.883	+3.895%	$5.4M	$15.1M	75x
Deribit LINK_USDC-PERPETUAL	+0.0340%	1h	12.896	+4.002%	$889K	$361K	50x	as long as short
Phemex LINKUSDT	+0.0407%	8h	12.889	+3.944%	$19.9M	$10.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0410%	1h	12.894	+3.983%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.1071%	1h	12.863	+3.735%	$346K	$20K	10x	as long as short