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 −0.007%

Price spread now: Bybit against MEXC+0.031%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$140.136% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days−0.039%−$4 · spread now +0.031%, 7d avg −0.019%

Together, before fees−0.081%−$8 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: Bybit is 0.049% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	13.101	0.0100	pay 0.0100% / 8h	2h 57m	$35.5M	$55.5M	300x
Short	Bybit LINKUSDT	13.105	0.0100	get 0.0100% / 8h	2h 57m	$84.8M	$68.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → −0.019%: $4.95
Slippage, 4 orders: −$2.63
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.68
Costs to cover: 0.136%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: 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 MEXC live order book, 1 min ago	0.38 bp	0.4 bp $0	2.3 bp −$23	24.2 bp −$2,420	48.2 bp −$24.1K
Sell Bybit live order book, 1 min ago	0.38 bp	6.7 bp −$7	10.7 bp −$107	31.7 bp −$3,169	doesn't fit

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 +0.0166%	1h	13.114	+0.097%	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	13.164	+0.482%	$3K	$71K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.109	+0.059%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.133	+0.241%	$458K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.110	+0.070%	$698K	$108K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.116	+0.111%	$83K	—	150x	as long as short
Variational Omni LINK	+0.0025%	8h	13.175	+0.563%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.351%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	13.106	+0.038%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.112	+0.081%	$2.1M	$2.3M	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	13.095	−0.042%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.106	+0.038%	$397K	$323K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.118	+0.130%	$78.2M	$23.3M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.107	+0.049%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.105	+0.027%	$275K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.104	+0.023%	$121.1M	$301.6M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	13.105	+0.031%	$84.8M	$68.7M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.110	+0.069%	$27.7M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.120	+0.145%	$198K	$155K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.102	+0.008%	$130.7M	$12.4M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.101	long leg	$35.5M	$55.5M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.102	+0.008%	$21.6M	$16.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.107	+0.046%	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.100	−0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.110	+0.069%	$363K	$376K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.150	+0.371%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.141	+0.308%	$591K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.157	+0.427%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.110	+0.069%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.108	+0.050%	$22K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.123	+0.169%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.108	+0.053%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.102	+0.011%	$642K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.100	−0.011%	$668K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.114	+0.095%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.125	+0.183%	$991K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.150	+0.374%	$5.3M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.105	+0.029%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0494%	8h	13.125	+0.183%	$20.3M	$11.4M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.116	+0.116%	$6.9M	$7.8M	50x	as long as short