Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against edgeX+0.309%68s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as 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−$150.154% of the position

Long on edgeX 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)−0.522%−$52 · spread now +0.309%, 7d avg +0.016%

Together, before fees−0.589%+ Points / potential airdropedgeX: Active · farm board−$59 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 0.292% dearer against edgeX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 68 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	edgeX LINKUSDC	13.077	0.0100	pay 0.0050% / 4h	2h 34m	$43K	$307K	20x
Short	MEXC LINK_USDT	13.117	0.0100	get 0.0100% / 8h	2h 34m	$35.9M	$56.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against edgeX. 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 edgeXbpFee MEXCbpOrdersPrice spread, now +0.309%Rate

Funding earned: $0
Price spread: +0.309% → +0.016%: $29.24
Slippage, 4 orders: −$6.37
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $13.87
Costs to cover: 0.154%
Break-even: from the start

Slippage from edgeX: live order book, 53 min ago; MEXC: live order book, 4 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 edgeX live order book, 53 min ago	2.65 bp	7.1 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.38 bp	0.4 bp $0	3.8 bp −$38	17.6 bp −$1,763	43.8 bp −$21.9K

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 +0.0165%	1h	13.114	+0.287%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.094	+0.136%	$465K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.108	+0.238%	$710K	$119K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.115	+0.293%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.072	−0.037%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0028%	1h	13.122	+0.349%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.174%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	13.097	+0.156%	$134K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0059%	8h	13.098	+0.164%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.125	+0.374%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.121	+0.336%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.118	+0.320%	$398K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.127	+0.385%	$77.6M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.124	+0.362%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.123	+0.355%	$275K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.120	+0.334%	$121.3M	$299.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.117	+0.309%	$84.5M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.114	+0.286%	$27.6M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.133	+0.431%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.120	+0.332%	$130.6M	$12.7M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.117	+0.309%	$35.9M	$56.2M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.120	+0.332%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.115	+0.293%	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.122	+0.347%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.124	+0.362%	$362K	$369K	15x	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.077	long leg	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.112	+0.271%	$592K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.110	+0.255%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.122	+0.347%	$80K	$65K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.101	+0.185%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.112	+0.268%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.104	+0.209%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.082	+0.042%	$643K	$911K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.119	+0.328%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.107	+0.233%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.099	+0.171%	$987K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.103	+0.202%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.115	+0.294%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0495%	8h	13.120	+0.332%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.114	+0.286%	$7.0M	$7.8M	50x	as long as short