Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.023%

Price spread now: MEXC against gTrade (Gains Network)−0.014%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2862.856% of the position

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.082%+$8 on $10k

Price spread, last 3 days (all we have)−0.266%−$27 · spread now −0.014%, 7d avg −0.005%

Together, before fees−0.185%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	13.148	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	27m 03s	$83K	—	150x
Short	MEXC LINK_USDT	13.146	0.0100	get 0.0100% / 8h	2h 27m	$36.8M	$56.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now −0.014%Rate

Funding earned: $20.27
Price spread: −0.014% → −0.005%: −$0.92
Slippage, 4 orders: −$275.59
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$266.24
Costs to cover: 2.856%
Break-even: 98.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 61 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 gTrade (Gains Network) virtual book (oracle venue), 61 min ago	130.05 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell MEXC live order book, 2 min ago	0.76 bp	0.8 bp −$1	4.5 bp −$45	28.3 bp −$2,827	49.4 bp −$24.7K

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 −0.0092% / S +0.0166%	1h	13.148	+0.003%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.152	+0.033%	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.152	+0.028%	$713K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0003% / S −0.0002%	1h	13.148	long leg	$83K	—	150x
Phoenix LINK	+0.0018%	1h	13.140	−0.060%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0022%	1h	13.148	+0.002%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.688%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0046%	8h	13.140	−0.060%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0068%	8h	13.128	−0.152%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.152	+0.034%	$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	13.146	−0.018%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.144	−0.028%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.163	+0.115%	$77.8M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.151	+0.021%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.149	+0.011%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.148	+0.001%	$121.5M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.146	−0.014%	$84.7M	$69.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.151	+0.024%	$27.8M	$85.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.158	+0.077%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.150	+0.016%	$130.8M	$12.7M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.146	−0.014%	$36.8M	$56.4M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.152	+0.031%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.146	−0.014%	$54.4M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.149	+0.008%	—	$21.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.125	−0.177%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.128	−0.152%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.130	−0.136%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.149	+0.008%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.144	−0.026%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.159	+0.081%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.147	−0.007%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.112	−0.276%	$645K	$908K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0103%	1h	13.158	+0.077%	$365K	$372K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	13.145	−0.022%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.150	+0.016%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.157	+0.069%	$991K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.142	−0.045%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.144	−0.027%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0467%	8h	13.158	+0.077%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.157	+0.068%	$7.0M	$7.8M	50x	as long as short