Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: MEXC against Variational Omni+0.073%7-day average +0.014% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.073%, 7d avg +0.014%

Together, before fees−0.027%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.060% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	12.955	0.0100	pay 0.0100% / 8h	6h 32m	$3.3M	$1.6M	—
Short	MEXC LINK_USDT	12.965	0.0100	get 0.0100% / 8h	6h 32m	$33.1M	$59.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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 Variational OmnibpFee MEXCbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.014%: $5.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $5.96
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; MEXC: live order book, 2 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 Variational Omni RFQ quote, 2 min ago	3.12 bp	doesn't fit	10.1 bp −$101	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.39 bp	0.4 bp $0	4.4 bp −$44	24.9 bp −$2,494	45.0 bp −$22.5K

LINK on 39 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	12.969	+0.102%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.967	+0.087%	$471K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.968	+0.094%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.288%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.978	+0.175%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	12.967	+0.089%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.951	−0.035%	$952K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.964	+0.066%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.016	+0.468%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.979	+0.181%	$395K	$319K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.977	+0.167%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.972	+0.130%	$275K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.969	+0.106%	$119.1M	$306.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.959	+0.027%	$83.6M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.962	+0.050%	$27.3M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.983	+0.212%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.971	+0.120%	$128.1M	$12.7M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.965	+0.073%	$33.1M	$59.0M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.969	+0.104%	$22.6M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.962	+0.050%	$53.9M	$31.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.959	+0.027%	—	$23.0M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.972	+0.127%	$337K	$393K	15x	as long as short
Variational Omni LINKlong	+0.0100%	8h	12.955	long leg	$3.3M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	12.955	−0.006%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.962	+0.049%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.958	+0.019%	$133K	$684K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.980	+0.189%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.966	+0.080%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.978	+0.174%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.967	+0.089%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.960	+0.037%	$639K	$864K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.961	+0.040%	$658K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.976	+0.161%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0190%	1h	12.972	+0.129%	$770K	$212K	50x	as long as short
dYdX LINK-USD	+0.0313%	1h	12.963	+0.062%	$343K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.975	+0.153%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0393%	1h	12.977	+0.166%	$79.6M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.971	+0.119%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0631%	8h	12.985	+0.228%	$20.1M	$11.5M	50x	as long as short