Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Derive against MEXC+0.014%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.978	0.0100	pay 0.0100% / 8h	5h 08m	$32.5M	$57.4M	300x
Short	Derive LINK-PERP	12.980	0.0100	get 0.0013% / 1h	8m 45s	$16K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.37
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Derive: 3 bp × 2 orders: −$6
Net: −$4.63
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Derive: no order-book sample. Net counts fees only.

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, 5 min ago	0.38 bp	0.6 bp −$1	4.1 bp −$41	23.3 bp −$2,330	43.6 bp −$21.8K
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	12.983	+0.041%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.993	+0.116%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.983	+0.038%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.454%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	12.979	+0.008%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.994	+0.123%	$964K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.980	+0.017%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0097%	1h	12.986	+0.065%	$774K	$177K	50x	as long as short
Phoenix LINK	+0.0098%	1h	12.989	+0.088%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.984	+0.046%	$31K	$2K	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	12.979	+0.006%	$393K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.979	+0.008%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.985	+0.050%	$274K	$174K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.975	−0.026%	$120.0M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.972	−0.046%	$83.8M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.972	−0.046%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.002	+0.185%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.978	0.000%	$128.2M	$12.8M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.978	long leg	$32.5M	$57.4M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.985	+0.054%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.971	−0.054%	$53.9M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.973	−0.039%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.986	+0.062%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	+0.085%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.993	+0.116%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.251%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.017	+0.301%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.988	+0.077%	$81K	$70K	10x	as long as short
Derive LINK-PERPshort	+0.0100%	1h	12.980	+0.014%	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	12.999	+0.164%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.982	+0.031%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.976	−0.018%	$640K	$691K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.971	−0.053%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.984	+0.043%	$544K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.988	+0.077%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.978	0.000%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.985	+0.056%	$6.8M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0580%	1h	12.979	+0.011%	$344K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0606%	8h	13.000	+0.170%	$20.1M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0643%	1h	12.993	+0.116%	$81.8M	$27.3M	10x	as long as short