Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0291%/8h= −31.9% APRpaid last 24h −0.083%

Price spread now: MEXC against Reya+0.143%7-day average — · you sell dearer than you buy

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

Long on Reya Short on MEXC

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 pays, funding is against you. MEXC is 0.143% dearer against Reya than usual: you sell high and buy low (spread +0.143% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINKRUSDPERP	12.993	0.0391	pay 0.0049% / 1h	55m 53s	$4K	—	20x
Short	MEXC LINK_USDT	13.012	0.0100	get 0.0100% / 8h	3h 55m	$33.0M	$56.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$61.11
Price spread: +0.143% → 0.000%: $14.26
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$52.85
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 3 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.38 bp	0.5 bp −$1	4.1 bp −$41	25.6 bp −$2,558	43.9 bp −$21.9K

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 −0.0089% / S +0.0166%	1h	13.005	+0.090%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.007	+0.106%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.007	+0.103%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.567%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	13.010	+0.127%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.016	+0.174%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0099%	1h	12.981	−0.099%	$3K	$82K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.994	+0.002%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.984	−0.069%	$392K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.013	+0.147%	$1.3M	$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	12.993	−0.004%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.011	+0.135%	$120.5M	$298.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.006	+0.096%	$84.0M	$72.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.012	+0.143%	$27.5M	$81.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.010	+0.127%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.008	+0.112%	$128.9M	$12.7M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.012	+0.143%	$33.0M	$56.3M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.015	+0.166%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.001	+0.058%	$54.1M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.010	+0.127%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.005	+0.090%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.989	−0.037%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.977	−0.128%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.995	+0.012%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.003	+0.073%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.011	+0.132%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.012	+0.146%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.015	+0.166%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.983	−0.083%	$637K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.002	+0.062%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.012	+0.144%	$546K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.012	+0.143%	$943K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0198%	1h	13.022	+0.220%	$341K	$387K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.999	+0.043%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.022	+0.217%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0324%	1h	12.988	−0.041%	$344K	$30K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0326%	1h	13.019	+0.200%	$783K	$202K	50x	as long as short
Reya LINKRUSDPERPlong	+0.0391%	1h	12.993	long leg	$4K	—	20x
Hyperliquid LINK	+0.0398%	1h	13.027	+0.258%	$81.6M	$27.5M	10x	as long as short
Phemex LINKUSDT	+0.0517%	8h	13.023	+0.227%	$20.1M	$11.3M	50x	as long as short