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 HTX+0.270%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 3 days (all we have)−0.249%−$25 · spread now +0.270%, 7d avg +0.077%

Together, before fees−0.312%−$31 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 0.193% dearer against HTX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.100	0.0100	pay 0.0100% / 8h	2h 03m	$644K	$907K	75x
Short	MEXC LINK_USDT	13.135	0.0100	get 0.0100% / 8h	2h 03m	$36.5M	$57.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now +0.270%Rate

Funding earned: $0
Price spread: +0.270% → +0.077%: $19.28
Slippage, 4 orders: −$47.57
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$40.29
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from HTX: live order book, 20 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 HTX live order book, 20 min ago	23.16 bp	29.2 bp −$29	42.5 bp −$425	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.38 bp	0.6 bp −$1	4.4 bp −$44	26.6 bp −$2,657	48.5 bp −$24.3K

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 −0.0090% / S +0.0167%	1h	13.119	+0.146%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.124	+0.184%	$469K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.127	+0.206%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.120	+0.152%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0013%	1h	13.131	+0.238%	$348K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.136	+0.280%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.341%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.121	+0.163%	$133K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.136	+0.279%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.136	+0.280%	$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	13.117	+0.133%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.143	+0.331%	$77.4M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.130	+0.235%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.137	+0.282%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.139	+0.301%	$121.6M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.134	+0.263%	$84.6M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.137	+0.286%	$27.7M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.149	+0.377%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.129	+0.224%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.135	+0.270%	$36.5M	$57.2M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.133	+0.255%	$22.2M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.137	+0.286%	$54.4M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.129	+0.224%	—	$21.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.121	+0.163%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.147	+0.360%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	+0.346%	$596K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.145	+0.347%	$153K	$666K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.122	+0.171%	$80K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.118	+0.143%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.135	+0.267%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.126	+0.202%	$5K	$40K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.100	long leg	$644K	$907K	75x
Extended LINK-USD	+0.0104%	1h	13.128	+0.213%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.125	+0.192%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.126	+0.202%	$988K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0108%	1h	13.137	+0.286%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.123	+0.179%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.117	+0.133%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0477%	8h	13.134	+0.263%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.135	+0.266%	$6.9M	$8.0M	50x	as long as short