Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: MEXC against Bitget+0.015%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.015%, 7d avg +0.020%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	13.207	0.0100	pay 0.0100% / 8h	42m 27s	$55.0M	$30.5M	75x
Short	MEXC LINK_USDT	13.209	0.0100	get 0.0100% / 8h	42m 27s	$36.8M	$57.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.020%: −$0.44
Slippage, 4 orders: −$5.62
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.07
Costs to cover: 0.176%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 2 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 Bitget live order book, 2 min ago	0.38 bp	8.8 bp −$9	13.9 bp −$139	29.2 bp −$2,921	doesn't fit
Sell MEXC live order book, 2 min ago	0.38 bp	0.8 bp −$1	4.3 bp −$43	20.8 bp −$2,078	44.5 bp −$22.2K

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 −0.0091% / S +0.0167%	1h	13.207	+0.001%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.245	+0.285%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.228	+0.157%	$725K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.208	+0.005%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.267	+0.457%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.110%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.226	+0.144%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.212	+0.041%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.210	+0.023%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.211	+0.030%	$405K	$311K	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	13.217	+0.076%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.217	+0.074%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.209	+0.015%	$123.0M	$303.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.208	+0.008%	$85.3M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.212	+0.038%	$27.9M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.230	+0.174%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.211	+0.030%	$130.9M	$12.7M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.209	+0.015%	$36.8M	$57.3M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.215	+0.061%	$22.6M	$15.3M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	13.207	long leg	$55.0M	$30.5M	75x
BingX LINK-USDT	+0.0100%	8h	13.208	+0.008%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.249	+0.317%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.246	+0.297%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.251	+0.334%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.250	+0.326%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.214	+0.053%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.223	+0.124%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.240	+0.251%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.219	+0.091%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.229	+0.170%	$651K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.208	+0.009%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.228	+0.162%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.242	+0.265%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.229	+0.167%	$5.3M	$17.3M	75x	as long as short
dYdX LINK-USD	+0.0232%	1h	13.216	+0.069%	$350K	$48K	10x	as long as short
Hyperliquid LINK	+0.0292%	1h	13.226	+0.144%	$78.3M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0348%	1h	13.229	+0.167%	$365K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.207	+0.003%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.240	+0.250%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0475%	1h	13.227	+0.150%	$7.0M	$8.2M	50x	as long as short