Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Bitget against MEXC+0.054%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on MEXC Short on Bitget

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−0.076%−$8 · spread now +0.054%, 7d avg −0.020%

Together, before fees−0.054%−$5 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: Bitget is 0.074% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.890	0.0100	pay 0.0100% / 8h	4h 41m	$32.1M	$56.2M	300x
Short	Bitget LINKUSDT	12.897	0.0100	get 0.0100% / 8h	4h 41m	$53.6M	$29.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → −0.020%: $7.39
Slippage, 4 orders: −$7.84
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.44
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	0.39 bp	0.6 bp −$1	3.7 bp −$37	19.4 bp −$1,936	42.9 bp −$21.4K
Sell Bitget live order book, 3 min ago	0.39 bp	9.8 bp −$10	14.2 bp −$142	26.0 bp −$2,595	doesn't fit

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	12.892	+0.017%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.871	−0.147%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.896	+0.043%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.801%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0059%	8h	12.894	+0.031%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.888	−0.016%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.912	+0.171%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.894	+0.034%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.888	−0.012%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.887	−0.019%	$390K	$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	12.889	−0.005%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.890	+0.002%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.900	+0.075%	$119.3M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.895	+0.039%	$83.2M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.895	+0.039%	$27.2M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.903	+0.101%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.891	+0.008%	$127.4M	$12.8M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.890	long leg	$32.1M	$56.2M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.892	+0.016%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	12.897	+0.054%	$53.6M	$29.7M	75x
BingX LINK-USDT	+0.0100%	8h	12.895	+0.039%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.888	−0.016%	$337K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	−0.092%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	+0.077%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	−0.029%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	+0.008%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.896	+0.047%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.894	+0.028%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.907	+0.130%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.896	+0.047%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.832	−0.449%	$628K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.884	−0.045%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.897	+0.055%	$541K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0176%	1h	12.903	+0.099%	$770K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.885	−0.039%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0352%	1h	12.905	+0.116%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.886	−0.028%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0397%	1h	12.882	−0.060%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0593%	8h	12.897	+0.054%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0617%	1h	12.884	−0.046%	$341K	$30K	10x	as long as short