Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: MEXC against ApeX Omni−0.039%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.039%, 7d avg −0.049%

Together, before fees−0.161%−$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	12.934	0.0100	pay 0.0013% / 1h	48m 48s	$132K	$674K	50x
Short	MEXC LINK_USDT	12.929	0.0100	get 0.0100% / 8h	2h 48m	$33.2M	$56.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.049%: $1.07
Slippage, 4 orders: −$16.33
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$25.26
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; MEXC: live order book, 5 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 ApeX Omni live order book, 65 min ago	4.98 bp	12.7 bp −$13	57.0 bp −$570	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.39 bp	0.5 bp −$1	3.6 bp −$36	21.1 bp −$2,114	42.7 bp −$21.3K

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	12.936	+0.018%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.945	+0.085%	$516K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.938	+0.028%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.129%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0055%	8h	12.932	−0.015%	$116K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.945	+0.086%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.933	−0.010%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0098%	1h	12.939	+0.040%	$791K	$218K	50x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.940	+0.047%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.938	+0.031%	$343K	$339K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.936	+0.016%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.943	+0.068%	$276K	$185K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.934	0.000%	$119.7M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.929	−0.039%	$83.4M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.931	−0.023%	$27.3M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.954	+0.155%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.927	−0.054%	$124.5M	$14.6M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.929	−0.039%	$33.2M	$56.5M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.935	+0.008%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.931	−0.023%	$54.3M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.933	−0.008%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.936	+0.015%	$339K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.930	−0.029%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.906	−0.218%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.937	+0.023%	$587K	$2.8M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.934	long leg	$132K	$674K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.944	+0.077%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.931	−0.020%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.951	+0.135%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.929	−0.039%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.927	−0.054%	$634K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.924	−0.077%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.935	+0.008%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.937	+0.023%	$919K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.934	0.000%	$5.2M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.930	−0.028%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0305%	1h	12.945	+0.085%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.935	+0.008%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0572%	8h	12.949	+0.116%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1065%	1h	12.938	+0.031%	$344K	$32K	10x	as long as short