Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: MEXC against KuCoin−0.031%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.031%, 7d avg +0.004%

Together, before fees+0.067%+$7 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 0.035% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.898	0.0100	pay 0.0100% / 8h	3h 02m	$22.7M	$13.2M	75x
Short	MEXC LINK_USDT	12.894	0.0100	get 0.0100% / 8h	3h 02m	$33.2M	$57.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → +0.004%: −$3.54
Slippage, 4 orders: −$15.03
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$30.57
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; MEXC: live order book, 1 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 KuCoin live order book, 11 min ago	1.93 bp	11.0 bp −$11	14.4 bp −$144	53.9 bp −$5,394	doesn't fit
Sell MEXC live order book, 1 min ago	0.39 bp	0.5 bp $0	4.4 bp −$44	26.8 bp −$2,678	47.8 bp −$23.9K

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 −0.0089% / S +0.0166%	1h	12.891	−0.057%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.910	+0.093%	$483K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.892	−0.047%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.861%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0052%	8h	12.888	−0.078%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.922	+0.185%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.891	−0.056%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.890	−0.064%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.890	−0.060%	$389K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.891	−0.052%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.896	−0.019%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.890	−0.060%	$119.5M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.885	−0.101%	$83.2M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.888	−0.078%	$27.3M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.911	+0.101%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.889	−0.070%	$124.4M	$14.6M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.894	−0.031%	$33.2M	$57.4M	300x
KuCoin LINKUSDTMlong	+0.0100%	8h	12.898	long leg	$22.7M	$13.2M	75x
Bitget LINKUSDT	+0.0100%	8h	12.890	−0.062%	$54.0M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.889	−0.070%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	−0.008%	$338K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.916	+0.141%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.916	+0.143%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.126%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.912	+0.109%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.898	0.000%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.887	−0.085%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.904	+0.047%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.893	−0.039%	$9K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.880	−0.143%	$632K	$677K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.887	−0.084%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.893	−0.035%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.898	0.000%	$919K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0184%	1h	12.897	−0.009%	$788K	$215K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	−0.023%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.895	−0.025%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0298%	1h	12.904	+0.047%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.893	−0.035%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0568%	8h	12.910	+0.093%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0784%	1h	12.892	−0.048%	$342K	$32K	10x	as long as short