Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: MEXC against ApeX Omni−0.182%66s7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as 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−$300.299% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now −0.182%, 7d avg −0.054%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.128% cheaper against ApeX Omni than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.054%. The two prices were read 66 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	ApeX Omni LINKUSDT	13.206	0.0100	pay 0.0013% / 1h	38m 25s	$154K	$669K	50x
Short	MEXC LINK_USDT	13.182	0.0100	get 0.0100% / 8h	1h 38m	$36.7M	$56.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now −0.182%Rate

Funding earned: $0
Price spread: −0.182% → −0.054%: −$12.79
Slippage, 4 orders: −$19.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$42.72
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 45 min ago; MEXC: live order book, 6 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 ApeX Omni live order book, 45 min ago	6.08 bp	13.5 bp −$14	76.1 bp −$761	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.38 bp	0.4 bp $0	4.0 bp −$40	25.7 bp −$2,572	46.0 bp −$23.0K

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	13.185	−0.161%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.172	−0.258%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.190	−0.122%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.178	−0.211%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.185	−0.162%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.103%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.018%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.182	−0.182%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.177	−0.219%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.171	−0.263%	$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	13.181	−0.186%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.194	−0.091%	$77.8M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.182	−0.180%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.173	−0.250%	$276K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.183	−0.174%	$122.3M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.184	−0.167%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.186	−0.151%	$27.7M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	−0.106%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.176	−0.227%	$130.9M	$12.6M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.182	−0.182%	$36.7M	$56.2M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.181	−0.189%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.176	−0.227%	$54.8M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.182	−0.182%	—	$21.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.205	−0.008%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.200	−0.047%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	−0.059%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	13.206	long leg	$154K	$669K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.186	−0.151%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.173	−0.249%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.195	−0.082%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.177	−0.220%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.175	−0.233%	$648K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.182	−0.185%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.173	−0.253%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	−0.030%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0180%	1h	13.186	−0.151%	$365K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.183	−0.174%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.182	−0.181%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0456%	8h	13.192	−0.106%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.185	−0.156%	$6.9M	$8.0M	50x	as long as short