Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: MEXC against Aevo−0.029%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now −0.029%, 7d avg −0.007%

Together, before fees−0.154%−$15 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 0.023% cheaper against Aevo than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.137	0.0104	pay 0.0013% / 1h	0m 15s	$551K	$2K	3x
Short	MEXC LINK_USDT	13.133	0.0100	get 0.0100% / 8h	2h 00m	$36.6M	$57.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aevo. 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 AevobpFee MEXCbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$0.84
Price spread: −0.029% → −0.007%: −$2.26
Slippage, 4 orders: −$58.67
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$77.78
Costs to cover: 0.747%
Break-even: never at this rate

Slippage from Aevo: live order book, 24 min ago; MEXC: live order book, 4 min ago.

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 Aevo live order book, 24 min ago	21.27 bp	38.1 bp −$38	191.7 bp −$1,917	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.38 bp	0.5 bp $0	3.2 bp −$32	26.8 bp −$2,684	45.4 bp −$22.7K

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 −0.0090% / S +0.0167%	1h	13.134	−0.024%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.158	+0.161%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.137	−0.001%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.134	−0.018%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0012%	1h	13.133	−0.031%	$348K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.132	−0.034%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.609%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.131	−0.045%	$133K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.136	−0.005%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.128	−0.067%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.130	−0.048%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.146	+0.070%	$77.4M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.138	+0.007%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.133	−0.026%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.133	−0.027%	$121.6M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.131	−0.045%	$84.6M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.133	−0.029%	$27.7M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.148	+0.085%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.133	−0.029%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.133	−0.029%	$36.6M	$57.2M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.139	+0.016%	$22.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.133	−0.029%	$54.4M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.133	−0.029%	—	$21.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.143	+0.047%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.135	−0.018%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.112	−0.191%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.126	−0.083%	$153K	$665K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.137	+0.001%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.129	−0.063%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.152	+0.114%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.130	−0.052%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.075	−0.469%	$643K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.130	−0.049%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.137	long leg	$551K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.150	+0.100%	$990K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.145	+0.062%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.149	+0.092%	$5.3M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.134	−0.026%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0482%	8h	13.148	+0.085%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.136	−0.009%	$6.9M	$8.0M	50x	as long as short