Funding arb · Price arb /

LINK

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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 −0.002%

Price spread now: OKX against MEXC+0.039%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.045%−$4 · spread now +0.039%, 7d avg −0.008%

Together, before fees−0.055%−$5 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: OKX is 0.047% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.929	0.0100	pay 0.0100% / 8h	2h 18m	$32.8M	$57.7M	300x
Short	OKX LINK-USDT-SWAP	12.934	0.0100	get 0.0100% / 8h	2h 18m	$27.4M	$80.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.008%: $4.7
Slippage, 4 orders: −$6.4
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.7
Costs to cover: 0.164%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 5 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	0.39 bp	0.4 bp $0	2.9 bp −$29	22.2 bp −$2,222	44.2 bp −$22.1K
Sell OKX live order book, 5 min ago	0.39 bp	7.3 bp −$7	13.8 bp −$138	30.3 bp −$3,026	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	12.933	+0.033%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.926	−0.023%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.932	+0.025%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.092%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0038%	8h	12.924	−0.039%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.369%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.928	−0.005%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.927	−0.016%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.928	−0.004%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.932	+0.026%	$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	12.929	+0.002%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.933	+0.031%	$118.9M	$302.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.933	+0.031%	$83.5M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	12.934	+0.039%	$27.4M	$80.5M	50x
Arcus LINK-USD	+0.0100%	1h	12.944	+0.116%	$181K	$116K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.925	−0.031%	$124.3M	$15.2M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.929	long leg	$32.8M	$57.7M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.932	+0.023%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.927	−0.015%	$54.0M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.930	+0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.323%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.895	−0.259%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.611%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.619%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.938	+0.070%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.929	0.000%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.947	+0.140%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.930	+0.008%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.893	−0.282%	$618K	$733K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.924	−0.037%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.916	−0.099%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0107%	1h	12.940	+0.085%	$337K	$390K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.925	−0.031%	$920K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.932	+0.023%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0235%	1h	12.941	+0.093%	$80.6M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.932	+0.024%	$6.6M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0284%	1h	12.938	+0.067%	$801K	$246K	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.932	+0.023%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0559%	8h	12.939	+0.077%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0696%	1h	12.932	+0.021%	$344K	$33K	10x	as long as short