Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.005%

Price spread now: SoDEX against MEXC−0.016%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 SoDEX

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.894	0.0100	pay 0.0100% / 8h	5h 30m	$35.4M	$55.5M	300x
Short	SoDEX LINK-USD	12.892	0.0099	get 0.0012% / 1h	30m 34s	$10K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$0.25
Price spread: −0.016% → 0.000%: −$1.55
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$9.8
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; SoDEX: 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, 1 min ago	0.77 bp	1.0 bp −$1	4.1 bp −$41	24.5 bp −$2,453	44.5 bp −$22.2K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0220%	8h	12.891	−0.023%	$84K	$858K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.900	+0.043%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.904	+0.077%	$479K	$2.0M	3.7x	as long as short
Phoenix LINK	0.0000%	1h	12.903	+0.069%	$3K	$81K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.895	+0.008%	$114K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.831%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0084%	8h	12.890	−0.027%	$3.4M	$1.8M	—	as long as short
Lighter LINK	+0.0096%	1h	12.894	−0.001%	$1.9M	$2.3M	10x	as long as short
SoDEX LINK-USDshort	+0.0099%	1h	12.892	−0.016%	$10K	$61K	10x
Paradex LINK-USD-PERP	+0.0099%	8h	12.892	−0.012%	$31K	$600	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LINK-USDT	+0.0100%	8h	12.867	−0.213%	$604K	$674K	75x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.889	−0.039%	$346K	$278K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.904	+0.078%	$81.2M	$25.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.900	+0.047%	$1.2M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.895	+0.008%	$273K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.895	+0.005%	$119.7M	$266.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.890	−0.031%	$83.6M	$66.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.889	−0.039%	$27.3M	$73.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.116%	$180K	$85K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.892	−0.016%	$132.9M	$17.4M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.894	long leg	$35.4M	$55.5M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.899	+0.039%	$23.0M	$11.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.892	−0.016%	$53.9M	$26.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.893	−0.008%	—	$23.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.898	+0.031%	$327K	$355K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.885	−0.068%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.898	+0.030%	$582K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.911	+0.132%	$104K	$683K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.901	+0.054%	$82K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.908	+0.110%	$33K	$1.2M	30x	as long as short
Extended LINK-USD	+0.0104%	1h	12.885	−0.067%	$622K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.896	+0.018%	$541K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0174%	1h	12.894	0.000%	$6.5M	$7.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0184%	1h	12.906	+0.092%	$890K	$361K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	12.904	+0.078%	$971K	$3.1M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.896	+0.016%	$5.4M	$15.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0409%	1h	12.894	+0.004%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0423%	8h	12.906	+0.093%	$19.9M	$10.2M	50x	as long as short
dYdX LINK-USD	+0.0460%	1h	12.892	−0.012%	$347K	$32K	10x	as long as short