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 +0.006%

Price spread now: KuCoin against MEXC+0.016%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on MEXC Short on KuCoin

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−0.027%−$3 · spread now +0.016%, 7d avg −0.004%

Together, before fees−0.052%−$5 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	12.884	0.0100	pay 0.0100% / 8h	3h 01m	$32.9M	$57.4M	300x
Short	KuCoin LINKUSDTM	12.886	0.0100	get 0.0100% / 8h	3h 01m	$22.6M	$13.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.004%: $1.99
Slippage, 4 orders: −$17.28
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.29
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	0.39 bp	0.6 bp −$1	3.6 bp −$36	23.4 bp −$2,341	45.3 bp −$22.7K
Sell KuCoin live order book, 2 min ago	1.55 bp	16.1 bp −$16	23.9 bp −$239	63.6 bp −$6,359	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 −0.0089% / S +0.0166%	1h	12.884	−0.001%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	+0.092%	$483K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.884	+0.001%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.757%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.881	−0.023%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.922	+0.294%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.886	+0.013%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.889	+0.039%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.890	+0.047%	$389K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.889	+0.035%	$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	12.890	+0.043%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.884	0.000%	$119.4M	$300.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.882	−0.016%	$83.2M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.881	−0.023%	$27.3M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.903	+0.147%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.880	−0.031%	$124.3M	$14.6M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.884	long leg	$32.9M	$57.4M	300x
KuCoin LINKUSDTMshort	+0.0100%	8h	12.886	+0.016%	$22.6M	$13.2M	75x
Bitget LINKUSDT	+0.0100%	8h	12.881	−0.023%	$54.0M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.882	−0.016%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.889	+0.039%	$338K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.916	+0.250%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.916	+0.252%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.235%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.912	+0.217%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.890	+0.047%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.881	−0.020%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.896	+0.095%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.886	+0.016%	$9K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.876	−0.062%	$632K	$677K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.878	−0.050%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.886	+0.019%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.893	+0.070%	$918K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0161%	1h	12.890	+0.044%	$788K	$215K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	+0.085%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0246%	1h	12.888	+0.032%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0297%	1h	12.895	+0.085%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.883	−0.008%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0569%	8h	12.904	+0.155%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0781%	1h	12.892	+0.061%	$342K	$32K	10x	as long as short