Funding arb · Price arb /

LINK

all LINK markets

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 0.000%

Price spread now: Binance against MEXC−0.016%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

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

costs, in and out, $10k−$140.138% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.016%, 7d avg +0.001%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.888	0.0100	pay 0.0100% / 8h	1h 42m	$34.2M	$58.0M	300x
Short	Binance LINKUSDT	12.886	0.0100	get 0.0100% / 8h	1h 42m	$119.0M	$301.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.001%: −$1.64
Slippage, 4 orders: −$3.77
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15.41
Costs to cover: 0.138%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Binance: live order book, 16 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 MEXC live order book, 1 min ago	0.39 bp	0.6 bp −$1	4.1 bp −$41	23.5 bp −$2,351	47.1 bp −$23.6K
Sell Binance live order book, 16 min ago	0.39 bp	6.9 bp −$7	12.7 bp −$127	32.3 bp −$3,231	121.3 bp −$60.7K

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 −0.0089% / S +0.0166%	1h	12.893	+0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.892	+0.032%	$512K	$2.3M	3.7x	as long as short
Orderly PERP_LINK_USDC	+0.0002%	8h	12.882	−0.047%	$94K	$1.1M	20x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.893	+0.042%	$156K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.786%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.874	−0.109%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.886	−0.015%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.879	−0.071%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.888	+0.002%	$350K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.889	+0.010%	$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	12.885	−0.024%	$274K	$182K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.886	−0.016%	$119.0M	$301.9M	75x
Bybit LINKUSDT	+0.0100%	8h	12.877	−0.085%	$83.2M	$74.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.880	−0.062%	$27.0M	$81.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.163%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.883	−0.039%	$124.0M	$15.2M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.888	long leg	$34.2M	$58.0M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.888	0.000%	$22.8M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.883	−0.039%	$53.9M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.882	−0.047%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.854	−0.262%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.870	−0.139%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.870	−0.139%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.883	−0.039%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.895	+0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.890	+0.015%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.906	+0.140%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.885	−0.023%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.881	−0.054%	$632K	$787K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.882	−0.045%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.890	+0.019%	$541K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0113%	1h	12.893	+0.039%	$336K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.887	−0.008%	$934K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.887	−0.008%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.892	+0.031%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0285%	1h	12.896	+0.060%	$806K	$261K	50x	as long as short
Hyperliquid LINK	+0.0328%	1h	12.901	+0.101%	$80.5M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.887	−0.011%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0580%	8h	12.894	+0.047%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0879%	1h	12.884	−0.034%	$343K	$33K	10x	as long as short