Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: MEXC against Extended+0.015%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$120.121% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days+0.025%+$2 · spread now +0.015%, 7d avg +0.057%

Together, before fees0.000%+ Points / potential airdropExtended: Active · farm board$0 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 0.042% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.957	0.0104	pay 0.0013% / 1h	17m 25s	$632K	$2.0M	25x
Short	MEXC LINK_USDT	12.959	0.0100	get 0.0100% / 8h	4h 17m	$32.7M	$56.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$0.84
Price spread: +0.015% → +0.057%: −$4.18
Slippage, 4 orders: −$7.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.12
Costs to cover: 0.121%
Break-even: never at this rate

Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago	2.32 bp	5.5 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.39 bp	0.4 bp $0	4.2 bp −$42	23.3 bp −$2,331	47.0 bp −$23.5K

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	12.962	+0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.945	−0.096%	$520K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.961	+0.028%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.299%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0056%	8h	12.957	−0.001%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.954	−0.021%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.947	−0.078%	$941K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.944	−0.105%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.957	−0.003%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.957	+0.003%	$392K	$310K	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	12.959	+0.017%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.959	+0.011%	$275K	$177K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.964	+0.057%	$120.0M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.957	−0.001%	$83.6M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.961	+0.030%	$27.4M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.971	+0.108%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.954	−0.024%	$128.1M	$13.0M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.959	+0.015%	$32.7M	$56.8M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.960	+0.023%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.960	+0.023%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.960	+0.023%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.955	−0.016%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.939	−0.139%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.948	−0.071%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.946	−0.083%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.956	−0.008%	$132K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.962	+0.038%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.958	+0.009%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+0.116%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.962	+0.038%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.930	−0.208%	$635K	$693K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.957	long leg	$632K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.963	+0.048%	$544K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.949	−0.062%	$4.6M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0221%	1h	12.967	+0.077%	$780K	$202K	50x	as long as short
Hyperliquid LINK	+0.0375%	1h	12.974	+0.131%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.955	−0.016%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.965	+0.064%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0427%	1h	12.951	−0.045%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0539%	8h	12.958	+0.007%	$20.0M	$11.4M	50x	as long as short