Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: MEXC against Aevo−0.021%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now −0.021%, 7d avg −0.007%

Together, before fees−0.163%−$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.165	0.0104	pay 0.0013% / 1h	53m 42s	$552K	$2K	3x
Short	MEXC LINK_USDT	13.162	0.0100	get 0.0100% / 8h	1h 53m	$36.7M	$55.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aevo. 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 AevobpFee MEXCbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$0.84
Price spread: −0.021% → −0.007%: −$1.4
Slippage, 4 orders: −$58.82
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$77.06
Costs to cover: 0.748%
Break-even: never at this rate

Slippage from Aevo: live order book, 30 min ago; MEXC: live order book, 5 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 Aevo live order book, 30 min ago	21.27 bp	38.1 bp −$38	191.7 bp −$1,917	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.38 bp	0.6 bp −$1	3.7 bp −$37	23.7 bp −$2,369	41.7 bp −$20.8K

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 −0.0090% / S +0.0167%	1h	13.164	−0.005%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.162	−0.018%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.176	+0.084%	$471K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.164	−0.006%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.165	0.000%	$133K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.128	−0.281%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.809%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.161	−0.028%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.164	−0.004%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.159	−0.046%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.180	+0.118%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.173	+0.063%	$77.6M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.168	+0.021%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.164	−0.009%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.159	−0.044%	$122.0M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.160	−0.036%	$84.8M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.160	−0.036%	$27.7M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.171	+0.048%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.161	−0.028%	$130.6M	$12.5M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.162	−0.021%	$36.7M	$55.8M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.164	−0.006%	$22.3M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.157	−0.059%	$54.6M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.158	−0.051%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.148	−0.124%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.127	−0.285%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	−0.218%	$589K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.129	−0.271%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.174	+0.070%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.160	−0.034%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.190	+0.195%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.160	−0.036%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.161	−0.031%	$647K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.153	−0.092%	$667K	$1.8M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.165	long leg	$552K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.190	+0.192%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0207%	1h	13.162	−0.021%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.174	+0.070%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.168	+0.026%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0475%	8h	13.172	+0.055%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.164	−0.005%	$6.9M	$8.0M	50x	as long as short