Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: edgeX against MEXC−0.315%98s7-day average −0.016% · you buy dearer than you sell

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−$150.154% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)+0.529%+$53 · spread now −0.315%, 7d avg −0.016%

Together, before fees+0.595%+ Points / potential airdropedgeX: Active · farm board+$60 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: edgeX is 0.299% cheaper against MEXC than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 98 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	MEXC LINK_USDT	13.118	0.0100	pay 0.0100% / 8h	2h 33m	$35.9M	$56.2M	300x
Short	edgeX LINKUSDC	13.077	0.0100	get 0.0050% / 4h	2h 33m	$43K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.315%Rate

Funding earned: $0
Price spread: −0.315% → −0.016%: −$29.9
Slippage, 4 orders: −$6.37
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$45.26
Costs to cover: 0.154%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; edgeX: live order book, 54 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, 5 min ago	0.38 bp	0.7 bp −$1	4.5 bp −$45	24.4 bp −$2,444	45.8 bp −$22.9K
Sell edgeX live order book, 54 min ago	2.65 bp	7.1 bp −$7	10.4 bp −$104	doesn't fit	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 +0.0165%	1h	13.114	−0.029%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.120	+0.018%	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.114	−0.034%	$711K	$119K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.115	−0.023%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.072	−0.352%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0028%	1h	13.122	+0.032%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.473%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0048%	8h	13.106	−0.091%	$134K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0059%	8h	13.098	−0.152%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.116	−0.019%	$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	13.121	+0.020%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.118	+0.004%	$398K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.130	+0.091%	$77.6M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.124	+0.045%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.123	+0.039%	$275K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.121	+0.023%	$121.3M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.120	+0.015%	$84.5M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.124	+0.046%	$27.6M	$84.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.133	+0.114%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.120	+0.015%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.118	long leg	$35.9M	$56.2M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.122	+0.030%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.118	0.000%	$54.2M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.122	+0.030%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.127	+0.069%	$362K	$370K	15x	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.077	−0.315%	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.112	−0.045%	$592K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.110	−0.061%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.122	+0.030%	$80K	$65K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.109	−0.072%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.123	+0.040%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.112	−0.046%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.107	−0.085%	$644K	$911K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.116	−0.013%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.115	−0.023%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.113	−0.038%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.103	−0.114%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.115	−0.022%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0489%	8h	13.126	+0.061%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.120	+0.013%	$7.0M	$7.8M	50x	as long as short