Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: MEXC against Bybit−0.030%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$160.155% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.030%, 7d avg +0.019%

Together, before fees+0.069%+$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 0.049% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.128	0.0100	pay 0.0100% / 8h	1h 52m	$84.6M	$69.7M	75x
Short	MEXC LINK_USDT	13.124	0.0100	get 0.0100% / 8h	1h 52m	$36.5M	$55.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → +0.019%: −$4.93
Slippage, 4 orders: −$4.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$20.45
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.38 bp	7.7 bp −$8	13.7 bp −$137	35.3 bp −$3,528	doesn't fit
Sell MEXC live order book, 1 min ago	0.38 bp	0.5 bp −$1	3.7 bp −$37	27.4 bp −$2,736	47.6 bp −$23.8K

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	13.147	+0.144%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.162	+0.262%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.162	+0.259%	$471K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.147	+0.142%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.149	+0.160%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.545%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.174	+0.352%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.145	+0.129%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.148	+0.149%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.159	+0.234%	$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	13.161	+0.248%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.150	+0.168%	$77.5M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.132	+0.033%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.164	+0.271%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.125	−0.023%	$121.7M	$302.4M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.128	long leg	$84.6M	$69.7M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.119	−0.069%	$27.6M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.171	+0.328%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.125	−0.023%	$130.3M	$12.5M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.124	−0.030%	$36.5M	$55.8M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.126	−0.015%	$22.2M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.121	−0.053%	$54.4M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.123	−0.038%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.148	+0.155%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.165	+0.282%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.173	+0.343%	$590K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.174	+0.350%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.157	+0.221%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.141	+0.102%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.165	+0.280%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.145	+0.129%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.146	+0.141%	$646K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.118	−0.077%	$675K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.149	+0.156%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.154	+0.198%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0173%	1h	13.146	+0.137%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.140	+0.091%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.149	+0.157%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0474%	8h	13.161	+0.251%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0695%	1h	13.153	+0.188%	$6.9M	$8.0M	50x	as long as short