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 −0.002%

Price spread now: Paradex against MEXC−0.015%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	13.177	0.0100	pay 0.0100% / 8h	1m 38s	$36.6M	$58.7M	300x
Short	Paradex LINK-USD-PERP	13.175	0.0100	get 0.0100% / 8h	1m 38s	$32K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$0.08
Price spread: −0.015% → 0.000%: −$1.52
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.6
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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	0.38 bp	0.6 bp −$1	4.6 bp −$46	22.3 bp −$2,233	44.4 bp −$22.2K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 +0.0167%	1h	13.133	−0.332%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.139	−0.287%	$478K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.139	−0.292%	$727K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.134	−0.329%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.093	−0.637%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.897%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.127	−0.379%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.179	+0.014%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.175	−0.015%	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.127	−0.379%	$400K	$310K	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	13.172	−0.040%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.180	+0.026%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.178	+0.006%	$122.4M	$305.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.175	−0.015%	$85.0M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.179	+0.015%	$27.9M	$86.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.190	+0.099%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.179	+0.015%	$130.6M	$12.9M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.177	long leg	$36.6M	$58.7M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.182	+0.038%	$22.8M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.178	+0.008%	$54.9M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.178	+0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.086	−0.693%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.097	−0.606%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.096	−0.615%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.099	−0.592%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.134	−0.326%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.130	−0.355%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.147	−0.231%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.134	−0.326%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.119	−0.442%	$645K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.176	−0.004%	$703K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.137	−0.301%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.135	−0.319%	$1.0M	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.181	+0.030%	$364K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.134	−0.326%	$5.2M	$16.3M	75x	as long as short
Hyperliquid LINK	+0.0287%	1h	13.186	+0.072%	$78.5M	$24.2M	10x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.129	−0.366%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.144	−0.248%	$6.9M	$8.3M	50x	as long as short
Phemex LINKUSDT	+0.0479%	8h	13.151	−0.197%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0495%	1h	13.176	−0.007%	$349K	$48K	10x	as long as short