# LINK funding rates and arbitrage

Updated 2026-10-30 03:56 UTC · https://afterfees.xyz/coin/LINK

## Best LINK arbitrage after every cost

No LINK pair nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## LINK funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Phemex](https://afterfees.xyz/venues/phemex) | LINKUSDT | 0.0226% | 8 h | +24.7% | — | $15.3M | 2026-10-30 08:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | LINK-USDT | 0.0177% | 8 h | +19.4% | +17.8% | $4.1M | 2026-10-30 08:00 |
| [Extended](https://afterfees.xyz/venues/extended) | LINK-USD | 0.0013% | 1 h | +11.4% | +10.8% | $498.9K | 2026-10-30 04:00 |
| [Backpack](https://afterfees.xyz/venues/backpack) | LINK_USDC_PERP | 0.0013% | 1 h | +10.9% | +10.9% | $257.5K | 2026-10-30 04:00 |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | LINK | 0.0013% | 1 h | +10.9% | +11.0% | $77.4K | 2026-10-30 04:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | LINKUSDC | 0.0100% | 8 h | +10.9% | — | $1.6M | 2026-10-30 08:00 |
| [HTX](https://afterfees.xyz/venues/htx) | LINK-USDT | 0.0100% | 8 h | +10.9% | +7.4% | $542.3K | 2026-10-30 08:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | LINKUSDT | 0.0100% | 8 h | +10.9% | +7.5% | $43.1M | 2026-10-30 08:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | LINK-USDT | 0.0013% | 1 h | +10.9% | +11.0% | $151.8K | 2026-10-30 04:00 |
| [PopDEX](https://afterfees.xyz/venues/popdex) | LINKUSDT | 0.0013% | 1 h | +10.9% | +11.0% | — | 2026-10-30 04:00 |
| [Arcus](https://afterfees.xyz/venues/arcus) | LINK-USD | 0.0013% | 1 h | +10.9% | +10.3% | $173.9K | 2026-10-30 04:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | LINKUSDTM | 0.0100% | 8 h | +10.9% | +10.4% | $17.8M | 2026-10-30 08:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | LINK-USDT | 0.0100% | 8 h | +10.9% | +9.5% | $16.8M | 2026-10-30 08:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | LINKUSDC | 0.0100% | 8 h | +10.9% | +6.1% | — | 2026-10-30 08:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | LINK_USDT_Perp | 0.0100% | 8 h | +10.9% | +9.3% | $498.5K | 2026-10-30 08:00 |
| [Aster](https://afterfees.xyz/venues/aster) | LINKUSDT | 0.0100% | 8 h | +10.9% | +11.2% | $893.7K | 2026-10-30 08:00 |
| [Gate](https://afterfees.xyz/venues/gate) | LINK_USDT | 0.0100% | 8 h | +10.9% | +7.4% | $46M | 2026-10-30 08:00 |
| [Lighter RH](https://afterfees.xyz/venues/lighterrh) | LINK | 0.0012% | 1 h | +10.5% | +10.3% | $34.1K | 2026-10-30 04:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | LINK-USDC | 0.0010% | 1 h | +8.6% | — | $95K | 2026-10-30 04:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | LINKUSDT | 0.0057% | 8 h | +6.2% | — | — | 2026-10-30 08:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_LINK_USDT | 0.0057% | 8 h | +6.2% | +6.0% | $33.1K | 2026-10-30 08:00 |
| [Binance](https://afterfees.xyz/venues/binance) | LINKUSDT | 0.0057% | 8 h | +6.2% | +6.0% | $91M | 2026-10-30 08:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | LINK_USDT | 0.0056% | 8 h | +6.1% | +5.9% | $30.5M | 2026-10-30 08:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | LINKUSDT | 0.0056% | 8 h | +6.1% | +6.6% | — | 2026-10-30 08:00 |
| [Coinbase Derivatives](https://afterfees.xyz/venues/coinbaseus) | LNP-20DEC30-CDE | 0.0002% | 1 h | +1.8% | — | $2.4M | 2026-10-30 04:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | LINK | 0.0001% | 1 h | +0.8% | +7.6% | $55.5M | 2026-10-30 04:00 |
| [dYdX](https://afterfees.xyz/venues/dydx) | LINK-USD | 0.0000% | 1 h | 0.0% | +4.1% | $192.3K | 2026-10-30 04:00 |
| [Bitfinex](https://afterfees.xyz/venues/bitfinex) | tLINKF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $475K | 2026-10-30 08:00 |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_LINKUSD | -0.0000% | 1 h | −0.2% | +3.4% | $5.2M | 2026-10-30 04:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | LINK | -0.0001% | 1 h | −0.8% | −4.0% | — | 2026-10-30 04:00 |
| [OKX](https://afterfees.xyz/venues/okx) | LINK-USDT-SWAP | -0.0020% | 8 h | −2.2% | +6.6% | $22.9M | 2026-10-30 08:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | LINK-USD-PERP | -0.0084% | 8 h | −9.2% | — | $21.5K | 2026-10-30 08:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | LINK_PERP | -0.0143% | 8 h | −15.6% | +8.9% | $21.1M | 2026-10-30 08:00 |
| [Nado](https://afterfees.xyz/venues/nado) | LINK-PERP_USDT0 | -0.0020% | 1 h | −17.2% | — | $145K | 2026-10-30 04:00 |
| [Variational](https://afterfees.xyz/venues/variational) | LINK-PERP | -0.0157% | 8 h | −17.2% | — | $2M | 2026-10-30 08:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | LINKUSDT | -0.0232% | 8 h | −25.4% | +3.7% | $67M | 2026-10-30 08:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | LINK | -0.0048% | 1 h | −42.0% | +6.0% | $1.4M | 2026-10-30 04:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | LINKUSD-PERP | -0.0089% | 1 h | −78.1% | +1.5% | $321.5K | 2026-10-30 04:00 |

## Borrow LINK to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Binance | 0.62% | — |
| Bybit | 0.92% | — |
| OKX | 1.01% | — |
| Gate | 1.99% | $2M |
| Bitget | 2.27% | — |

## Cost to enter $10,000 of LINK

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | LINK_USDT | 3.1 bp | live order book |
| Lighter | LINK | 3.9 bp | live order book |
| BingX | LINK-USDT | 5.5 bp | live order book |
| Binance | LINKUSDT | 5.5 bp | order-book snapshot, 27 min old |
| Hyperliquid | LINK | 6.2 bp | order-book snapshot, 8 min old |
| Backpack | LINK_USDC_PERP | 7.1 bp * | order-book snapshot, 0 min old |
| BloFin | LINK-USDT | 7.8 bp | live order book |
| Bitget | LINKUSDT | 7.9 bp | live order book |
| Bybit | LINKUSDT | 8.4 bp | order-book snapshot, 23 min old |
| OKX | LINK-USDT-SWAP | 9.5 bp | order-book snapshot, 25 min old |
| HTX | LINK-USDT | 10.7 bp * | order-book snapshot, 14 min old |
| Kraken | PF_LINKUSD | 11.4 bp | order-book snapshot, 4 min old |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account._

## More on LINK

- [Borrow LINK: rates on every exchange](https://afterfees.xyz/borrow/LINK)

## Questions

**Is LINK funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no LINK pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest LINK funding rate?**

Phemex at +24.7% a year (0.0226% every 8 h); the lowest is Crypto.com at −78.1%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._