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 +0.038%

Price spread now: BloFin against OKX−0.129%53s7-day average +0.023% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.324% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 3 days (all we have)+0.156%+$16 · spread now −0.129%, 7d avg +0.023%

Together, before fees+0.407%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.152% cheaper against OKX than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of +0.023%). If the spread goes back, that is −$15 on $10k: about 4.2 days of funding at the current rate (+$4 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	13.128	0.0100	pay 0.0100% / 8h	22m 20s	$27.7M	$85.5M	50x
Short	BloFin LINK-USDT	13.111	0.0220	get 0.0220% / 8h	22m 20s	$5.2M	$17.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now −0.129%Rate

Funding earned: $25.2
Price spread: −0.129% → +0.023%: −$15.21
Slippage, 4 orders: −$10.35
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$22.36
Costs to cover: 0.324%
Break-even: 13.2 days

Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 7 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 OKX live order book, 2 min ago	0.38 bp	8.4 bp −$8	18.8 bp −$188	39.7 bp −$3,966	doesn't fit
Sell BloFin live order book, 7 min ago	1.14 bp	7.1 bp −$7	10.4 bp −$104	24.3 bp −$2,433	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 −0.0091% / S +0.0167%	1h	13.129	+0.010%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.113	−0.113%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.132	+0.029%	$725K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.129	+0.008%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.129	+0.008%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.545%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.127	−0.008%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.119	−0.069%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.123	−0.042%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.131	+0.023%	$401K	$310K	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	13.129	+0.005%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.122	−0.044%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.129	+0.010%	$122.0M	$305.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.125	−0.023%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.128	long leg	$27.7M	$85.5M	50x
Arcus LINK-USD	+0.0100%	1h	13.138	+0.076%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.127	−0.008%	$130.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.124	−0.030%	$36.3M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.131	+0.023%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.128	0.000%	$54.6M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.127	−0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.138	+0.076%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.118	−0.079%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.144	+0.120%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.118	−0.076%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.133	+0.038%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.125	−0.022%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.120	−0.061%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.118	−0.076%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.094	−0.263%	$644K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.125	−0.020%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.129	+0.011%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.123	−0.038%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.111	−0.129%	$5.2M	$17.2M	75x
Backpack LINK_USDC_PERP	+0.0222%	1h	13.128	0.000%	$362K	$377K	15x	as long as short
Hyperliquid LINK	+0.0287%	1h	13.148	+0.152%	$78.0M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.124	−0.031%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.128	−0.002%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0487%	8h	13.121	−0.053%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0602%	1h	13.121	−0.055%	$348K	$48K	10x	as long as short