Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: MEXC against BingX+0.038%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.038%, 7d avg +0.010%

Together, before fees−0.074%−$7 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 0.028% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDT	13.198	0.0100	pay 0.0100% / 8h	7h 42m	—	$21.3M	—
Short	MEXC LINK_USDT	13.203	0.0100	get 0.0100% / 8h	7h 42m	$36.9M	$58.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.010%: $2.8
Slippage, 4 orders: −$4.78
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$11.98
Costs to cover: 0.148%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 1 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 BingX live order book, 6 min ago	1.52 bp	6.5 bp −$7	8.1 bp −$81	17.8 bp −$1,780	40.6 bp −$20.3K
Sell MEXC live order book, 1 min ago	0.76 bp	1.0 bp −$1	4.6 bp −$46	26.7 bp −$2,674	49.7 bp −$24.8K

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 −0.0091% / S +0.0167%	1h	13.201	+0.021%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.187	−0.080%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.199	+0.011%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0023%	1h	13.207	+0.067%	$764K	$182K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.046%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.277%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.198	0.000%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.200	+0.012%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.184	−0.108%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.194	−0.027%	$404K	$311K	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	13.206	+0.060%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.189	−0.070%	$276K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.200	+0.014%	$122.6M	$305.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.197	−0.008%	$85.1M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.198	0.000%	$27.9M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.199	+0.008%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.202	+0.030%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.203	+0.038%	$36.9M	$58.2M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.207	+0.068%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.197	−0.008%	$54.9M	$30.5M	75x	as long as short
BingX LINK-USDTlong	+0.0100%	8h	13.198	long leg	—	$21.3M	—
Variational Omni LINK	+0.0100%	8h	13.146	−0.390%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.156	−0.317%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.161	−0.281%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.242%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.199	+0.008%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.199	+0.011%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.216	+0.134%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.198	0.000%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.170	−0.212%	$648K	$871K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.197	−0.006%	$744K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.202	+0.029%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.198	0.000%	$1.0M	$2.8M	50x	as long as short
Phemex LINKUSDT	+0.0140%	8h	13.210	+0.091%	$20.4M	$11.6M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0197%	1h	13.212	+0.106%	$366K	$369K	15x	as long as short
dYdX LINK-USD	+0.0219%	1h	13.184	−0.108%	$349K	$48K	10x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	−0.015%	$5.3M	$16.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.205	+0.050%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.194	−0.030%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0527%	1h	13.222	+0.182%	$80.8M	$25.0M	10x	as long as short