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 +0.014%

Price spread now: MEXC against GRVT+0.047%67s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as 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−$140.139% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.047%, 7d avg +0.005%

Together, before fees+0.016%+ Points / potential airdropGRVT: Active · farm board+$2 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 0.042% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 67 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	GRVT LINK_USDT_Perp	13.076	0.0100	pay 0.0100% / 8h	2h 46m	$588K	$2.8M	10x
Short	MEXC LINK_USDT	13.082	0.0100	get 0.0100% / 8h	2h 46m	$35.6M	$55.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GRVT. 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 GRVTbpFee MEXCbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.005%: $4.22
Slippage, 4 orders: −$4.91
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$9.69
Costs to cover: 0.139%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 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 GRVT live order book, 2 min ago	0.76 bp	6.3 bp −$6	12.4 bp −$124	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.38 bp	0.4 bp $0	2.8 bp −$28	25.8 bp −$2,585	44.2 bp −$22.1K

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	13.085	+0.066%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.096	+0.151%	$456K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.086	+0.077%	$701K	$111K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.087	+0.082%	$82K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.073	−0.021%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.169%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0037%	8h	13.058	−0.140%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	13.077	+0.008%	$134K	$1.6M	20x	as long as short
dYdX LINK-USD	+0.0054%	1h	13.091	+0.112%	$347K	$60K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.087	+0.086%	$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	13.082	+0.043%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.083	+0.054%	$397K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.091	+0.116%	$77.2M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.089	+0.098%	$1.5M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.087	+0.082%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.080	+0.031%	$120.9M	$299.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.082	+0.047%	$84.3M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.081	+0.039%	$27.5M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.097	+0.161%	$184K	$171K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.084	+0.062%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.082	+0.047%	$35.6M	$55.9M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.087	+0.085%	$21.9M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.082	+0.047%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.082	+0.047%	—	$21.9M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.094	+0.138%	$362K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.075	−0.005%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perplong	+0.0100%	8h	13.076	long leg	$588K	$2.8M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.060	−0.122%	$152K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.089	+0.100%	$80K	$63K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.081	+0.043%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.098	+0.171%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.080	+0.031%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.082	+0.051%	$640K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.082	+0.050%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.086	+0.081%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.093	+0.131%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.084	+0.062%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.084	+0.061%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0504%	8h	13.097	+0.161%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.088	+0.090%	$7.0M	$7.7M	50x	as long as short