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 +0.006%

Price spread now: HTX against MEXC−0.066%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.066%, 7d avg −0.078%

Together, before fees+0.083%+$8 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	13.238	0.0100	pay 0.0100% / 8h	47m 48s	$36.8M	$57.1M	300x
Short	HTX LINK-USDT	13.229	0.0100	get 0.0100% / 8h	47m 48s	$651K	$888K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.078%: $1.12
Slippage, 4 orders: −$39.45
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$50.32
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; HTX: live order book, 31 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	0.5 bp $0	4.0 bp −$40	24.6 bp −$2,457	45.8 bp −$22.9K
Sell HTX live order book, 31 min ago	18.77 bp	25.7 bp −$26	220.3 bp −$2,203	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 −0.0090% / S +0.0167%	1h	13.237	−0.007%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.231	−0.054%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.240	+0.014%	$726K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.237	−0.011%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.240	+0.014%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.330%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.237	−0.008%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.236	−0.019%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.236	−0.014%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.245	+0.053%	$406K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.237	−0.005%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.244	+0.044%	$278K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.234	−0.030%	$123.3M	$303.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.231	−0.053%	$85.4M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.235	−0.023%	$27.9M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.255	+0.128%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.234	−0.030%	$131.1M	$12.7M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.238	long leg	$36.8M	$57.1M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.241	+0.023%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.232	−0.045%	$55.1M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.235	−0.023%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.238	−0.001%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.245	+0.052%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.244	+0.043%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.251	+0.098%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.242	+0.030%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.233	−0.037%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.251	+0.094%	$35K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.236	−0.015%	$5K	$36K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	13.229	−0.066%	$651K	$888K	75x
Extended LINK-USD	+0.0104%	1h	13.228	−0.075%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.239	+0.011%	$555K	$2K	3x	as long as short
dYdX LINK-USD	+0.0152%	1h	13.239	+0.008%	$351K	$48K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.233	−0.038%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.236	−0.015%	$5.2M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0289%	1h	13.251	+0.098%	$78.4M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0364%	1h	13.247	+0.068%	$366K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.236	−0.016%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0463%	8h	13.252	+0.106%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.242	+0.032%	$7.0M	$8.2M	50x	as long as short