Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.008%

Price spread now: MEXC against Extended+0.024%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$120.117% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.024%, 7d avg +0.053%

Together, before fees+0.004%+ Points / potential airdropExtended: Active · farm board$0 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 0.029% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.169	0.0104	pay 0.0013% / 1h	12m 25s	$678K	$1.8M	25x
Short	MEXC LINK_USDT	13.172	0.0100	get 0.0100% / 8h	1h 12m	$36.3M	$56.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$0.84
Price spread: +0.024% → +0.053%: −$2.87
Slippage, 4 orders: −$6.65
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$15.36
Costs to cover: 0.117%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; MEXC: live order book, 2 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 Extended live order book, 1 min ago	1.14 bp	6.1 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.38 bp	0.5 bp −$1	3.6 bp −$36	20.2 bp −$2,023	43.5 bp −$21.8K

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	13.175	+0.045%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.170	+0.010%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.165	−0.029%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.175	+0.051%	$134K	—	150x	as long as short
dYdX LINK-USD	+0.0030%	1h	13.174	+0.042%	$349K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.838%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.183	+0.105%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.170	+0.009%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.175	+0.047%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.170	+0.008%	$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	13.172	+0.024%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.188	+0.146%	$77.9M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.176	+0.052%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.176	+0.051%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.174	+0.036%	$122.4M	$303.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.172	+0.024%	$85.0M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.175	+0.047%	$27.8M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.187	+0.138%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.173	+0.032%	$130.6M	$12.8M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.172	+0.024%	$36.3M	$56.9M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.175	+0.047%	$22.4M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.171	+0.016%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.174	+0.039%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	+0.114%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	+0.080%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.115%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	+0.138%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.176	+0.054%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.157	−0.087%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.175	+0.045%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.162	−0.052%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	−0.085%	$647K	$894K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.169	long leg	$678K	$1.8M	25x
Aevo LINK-PERP	+0.0104%	1h	13.163	−0.041%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.178	+0.070%	$995K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0210%	1h	13.176	+0.054%	$365K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.166	−0.022%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.170	+0.011%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.181	+0.092%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.170	+0.010%	$6.9M	$8.1M	50x	as long as short