Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against MEXC+0.015%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.015%, 7d avg +0.012%

Together, before fees−0.016%+ Points / potential airdropPacifica: Active · farm board−$2 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	13.201	0.0100	pay 0.0100% / 8h	1h 40m	$36.8M	$56.1M	300x
Short	Pacifica LINK	13.203	0.0100	get 0.0013% / 1h	40m 43s	$277K	$149K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.012%: $0.29
Slippage, 4 orders: −$14.41
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$22.12
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Pacifica: live order book, 42 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, 3 min ago	0.38 bp	0.6 bp −$1	4.0 bp −$40	23.9 bp −$2,385	45.2 bp −$22.6K
Sell Pacifica live order book, 42 min ago	3.04 bp	10.3 bp −$10	doesn't fit	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	13.197	−0.028%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.205	+0.033%	$350K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.209	+0.061%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.200	−0.005%	$721K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.200	−0.008%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.068%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.056%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.196	−0.038%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.206	+0.039%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.200	−0.011%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.198	−0.019%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.211	+0.076%	$77.9M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.207	+0.042%	$1.5M	$2.8M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.203	+0.015%	$277K	$149K	10x
Binance LINKUSDT	+0.0100%	8h	13.200	−0.008%	$122.5M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.201	0.000%	$85.1M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.201	0.000%	$27.7M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.216	+0.114%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.203	+0.015%	$131.1M	$12.6M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.201	long leg	$36.8M	$56.1M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.205	+0.030%	$22.3M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.198	−0.023%	$54.9M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.202	+0.008%	—	$21.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.147	−0.407%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.181	−0.151%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.165	−0.273%	$594K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.172	−0.220%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.203	+0.015%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.194	−0.052%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.223	+0.167%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.197	−0.030%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.197	−0.034%	$649K	$898K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.198	−0.024%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.197	−0.028%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	+0.008%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0186%	1h	13.211	+0.076%	$367K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.203	+0.015%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.197	−0.031%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0452%	8h	13.211	+0.076%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.202	+0.008%	$7.0M	$8.0M	50x	as long as short