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 +0.004%

Price spread now: MEXC against Gate+0.015%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.015%, 7d avg +0.005%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.182	0.0100	pay 0.0100% / 8h	2h 14m	$130.9M	$12.8M	75x
Short	MEXC LINK_USDT	13.184	0.0100	get 0.0100% / 8h	2h 14m	$37.4M	$56.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.005%: $1.01
Slippage, 4 orders: −$12.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.1
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 5 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 Gate live order book, 5 min ago	0.38 bp	10.4 bp −$10	19.2 bp −$192	32.1 bp −$3,207	73.7 bp −$36.9K
Sell MEXC live order book, 5 min ago	0.38 bp	0.6 bp −$1	3.7 bp −$37	20.7 bp −$2,069	44.7 bp −$22.4K

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 +0.0167%	1h	13.191	+0.070%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.066%	$493K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.188	+0.049%	$717K	$122K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.193	+0.083%	$134K	—	150x	as long as short
dYdX LINK-USD	+0.0016%	1h	13.180	−0.015%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.185	+0.020%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.932%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.187	+0.038%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.183	+0.011%	$2.1M	$2.4M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	13.185	+0.022%	$3.3M	$1.5M	—	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	13.176	−0.048%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.177	−0.036%	$401K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.200	+0.137%	$78.0M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.185	+0.026%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.179	−0.024%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.190	+0.061%	$122.5M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.189	+0.053%	$84.9M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.192	+0.076%	$27.9M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.195	+0.099%	$185K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.182	long leg	$130.9M	$12.8M	75x
MEXC LINK_USDTshort	+0.0100%	8h	13.184	+0.015%	$37.4M	$56.8M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.184	+0.015%	$22.1M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.187	+0.038%	$54.7M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.190	+0.061%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.188	+0.048%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.187	+0.038%	$595K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.197	+0.114%	$154K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.188	+0.046%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.187	+0.041%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.196	+0.103%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.183	+0.008%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.172	−0.074%	$648K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.176	−0.043%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.193	+0.085%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.200	+0.137%	$993K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.196	+0.106%	$366K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.179	−0.023%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.186	+0.033%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0458%	8h	13.199	+0.129%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	13.192	+0.074%	$7.0M	$7.9M	50x	as long as short