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: BloFin against KuCoin−0.054%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on KuCoin Short on BloFin

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)+0.092%+$9 · spread now −0.054%, 7d avg 0.000%

Together, before fees+0.360%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.054% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of 0.000%). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.015	0.0100	pay 0.0100% / 8h	3h 45m	$22.8M	$13.5M	75x
Short	BloFin LINK-USDT	13.008	0.0220	get 0.0220% / 8h	3h 45m	$5.3M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.054%Rate

Funding earned: $25.2
Price spread: −0.054% → 0.000%: −$5.38
Slippage, 4 orders: −$16.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$21.12
Costs to cover: 0.409%
Break-even: 12.9 days

Slippage from KuCoin: 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 KuCoin live order book, 4 min ago	1.15 bp	11.1 bp −$11	15.5 bp −$155	55.5 bp −$5,545	doesn't fit
Sell BloFin live order book, 4 min ago	0.38 bp	9.0 bp −$9	12.5 bp −$125	32.1 bp −$3,212	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 −0.0089% / S +0.0166%	1h	13.005	−0.074%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.018	+0.025%	$500K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.008	−0.057%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.725%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	13.010	−0.038%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.000	−0.113%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.014	−0.007%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.003	−0.089%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.012	−0.019%	$393K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.016	+0.011%	$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	13.006	−0.067%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.012	−0.023%	$121.1M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.007	−0.061%	$84.1M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.011	−0.031%	$27.5M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.025	+0.077%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.012	−0.023%	$128.9M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.010	−0.038%	$32.9M	$56.6M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.015	long leg	$22.8M	$13.5M	75x
Bitget LINKUSDT	+0.0100%	8h	13.008	−0.054%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.011	−0.031%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.008	−0.052%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.002	−0.099%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.993	−0.171%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.006	−0.069%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.010	−0.038%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.015	−0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	+0.120%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.017	+0.015%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.986	−0.222%	$637K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.004	−0.082%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.018	+0.027%	$546K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.997	−0.138%	$925K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0122%	1h	13.019	+0.031%	$342K	$391K	15x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.008	−0.054%	$5.3M	$15.8M	75x
Deribit LINK_USDC-PERPETUAL	+0.0234%	1h	13.023	+0.059%	$786K	$205K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.020	+0.037%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0309%	1h	13.005	−0.075%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	13.002	−0.096%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0402%	1h	13.027	+0.092%	$81.6M	$27.4M	10x	as long as short
Phemex LINKUSDT	+0.0528%	8h	13.028	+0.100%	$20.1M	$11.3M	50x	as long as short