Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: BingX against MEXC+0.008%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.008%, 7d avg −0.009%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.967	0.0100	pay 0.0100% / 8h	5h 55m	$35.6M	$54.4M	300x
Short	BingX LINK-USDC	12.968	0.0100	get 0.0100% / 8h	5h 55m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.009%: $1.69
Slippage, 4 orders: −$14.06
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.37
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 9 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 MEXC live order book, 2 min ago	0.38 bp	0.6 bp −$1	3.6 bp −$36	24.5 bp −$2,451	45.0 bp −$22.5K
Sell BingX live order book, 9 min ago	0.77 bp	13.1 bp −$13	22.6 bp −$226	81.4 bp −$8,143	428.2 bp −$214.1K

LINK on 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0193%	8h	12.959	−0.062%	$85K	$876K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.972	+0.037%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.988	+0.165%	$489K	$2.1M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.986	+0.150%	$115K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	12.980	+0.102%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.373%	$4K	$48K	12x	as long as short
HTX LINK-USDT	+0.0087%	8h	12.965	−0.019%	$608K	$677K	75x	as long as short
Variational Omni LINK	+0.0094%	8h	12.971	+0.032%	$3.4M	$1.8M	—	as long as short
Lighter LINK	+0.0096%	1h	12.969	+0.013%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.966	−0.005%	$31K	$600	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.966	−0.008%	$348K	$279K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.981	+0.108%	$81.7M	$25.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.975	+0.060%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.971	+0.028%	$275K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.968	+0.004%	$120.3M	$268.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.965	−0.015%	$83.8M	$66.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.968	+0.008%	$27.4M	$73.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.987	+0.154%	$183K	$83K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.966	−0.008%	$134.0M	$17.1M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.967	long leg	$35.6M	$54.4M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.972	+0.039%	$22.9M	$11.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.964	−0.023%	$54.3M	$26.4M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	12.968	+0.008%	—	$6.5M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	12.978	+0.085%	$335K	$352K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.985	+0.137%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.985	+0.135%	$582K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.998	+0.239%	$132K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.973	+0.046%	$83K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.999	+0.248%	$34K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.971	+0.031%	$11K	$61K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	12.963	−0.029%	$628K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.972	+0.035%	$544K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0173%	1h	12.974	+0.053%	$6.5M	$7.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	13.000	+0.254%	$977K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.987	+0.154%	$5.4M	$15.3M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0267%	1h	12.978	+0.087%	$889K	$355K	50x	as long as short
Reya LINKRUSDPERP	+0.0407%	1h	12.963	−0.027%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0434%	8h	12.987	+0.154%	$20.1M	$10.2M	50x	as long as short
dYdX LINK-USD	+0.0527%	1h	12.971	+0.030%	$349K	$46K	10x	as long as short