Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.078%

Price spread now: Reya against MEXC+0.004%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	13.148	0.0100	pay 0.0100% / 8h	2h 25m	$36.7M	$56.4M	300x
Short	Reya LINKRUSDPERP	13.149	0.0373	get 0.0047% / 1h	25m 30s	$5K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.004%Rate

Funding earned: $57.37
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $51.76
Costs to cover: 0.060%
Break-even: 0.7 days

Slippage unknown: MEXC: live order book, 3 min ago; Reya: 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, 3 min ago	0.76 bp	1.2 bp −$1	4.4 bp −$44	22.6 bp −$2,263	42.7 bp −$21.3K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 −0.0092% / S +0.0166%	1h	13.149	+0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.154	+0.049%	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.161	+0.101%	$713K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.150	+0.019%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.152	+0.027%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0021%	1h	13.152	+0.028%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.689%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.142	−0.046%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0068%	8h	13.128	−0.153%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.155	+0.055%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.149	+0.009%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.148	−0.004%	$400K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.164	+0.122%	$77.8M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.152	+0.033%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.153	+0.035%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.148	0.000%	$121.6M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.147	−0.008%	$84.6M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.151	+0.023%	$27.8M	$85.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.167	+0.145%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.151	+0.023%	$130.7M	$12.7M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.148	long leg	$36.7M	$56.4M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.153	+0.038%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.146	−0.015%	$54.4M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.151	+0.023%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.144	−0.027%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	−0.012%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.147	−0.008%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.152	+0.030%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.154	+0.043%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.161	+0.102%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.154	+0.046%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.121	−0.205%	$645K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.147	−0.010%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.158	+0.077%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.157	+0.068%	$991K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0112%	1h	13.163	+0.114%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.142	−0.046%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERPshort	+0.0373%	1h	13.149	+0.004%	$5K	—	20x
Phemex LINKUSDT	+0.0466%	8h	13.165	+0.129%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	13.164	+0.118%	$7.0M	$7.8M	50x	as long as short