Funding arb · Price arb /

LINK

all LINK markets

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: HTX against MEXC−0.041%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.041%, 7d avg −0.082%

Together, before fees+0.042%+$4 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: HTX is 0.041% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.911	0.0100	pay 0.0100% / 8h	58m 00s	$33.9M	$57.4M	300x
Short	HTX LINK-USDT	12.906	0.0100	get 0.0100% / 8h	58m 00s	$630K	$782K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.082%: $4.09
Slippage, 4 orders: −$33.22
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.13
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; HTX: live order book, 46 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, 1 min ago	0.39 bp	0.7 bp −$1	3.5 bp −$35	24.2 bp −$2,417	45.8 bp −$22.9K
Sell HTX live order book, 46 min ago	15.40 bp	21.5 bp −$22	177.9 bp −$1,779	doesn't fit	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 −0.0087% / S +0.0165%	1h	12.916	+0.042%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0046%	8h	12.910	−0.008%	$92K	$1.1M	20x	as long as short
dYdX LINK-USD	0.0000%	1h	12.918	+0.051%	$344K	$45K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.920	+0.072%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.915	+0.028%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.958%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.923	+0.091%	$3K	$84K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.916	+0.039%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.907	−0.028%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.909	−0.015%	$354K	$339K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.923	+0.093%	$80.9M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.916	+0.039%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.913	+0.015%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.913	+0.017%	$119.3M	$298.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.907	−0.031%	$83.4M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.909	−0.015%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.929	+0.139%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.912	+0.008%	$134.3M	$17.2M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.911	long leg	$33.9M	$57.4M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.916	+0.039%	$22.9M	$12.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.909	−0.015%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.912	+0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.922	+0.085%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.906	−0.037%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.917	+0.045%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.915	+0.034%	$581K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.923	+0.093%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.914	+0.023%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.911	−0.001%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.926	+0.116%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.914	+0.023%	$10K	$61K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.906	−0.041%	$630K	$782K	75x
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.917	+0.044%	$6.5M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.904	−0.055%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.917	+0.044%	$542K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0160%	1h	12.923	+0.094%	$808K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.929	+0.139%	$931K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.919	+0.062%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.908	−0.024%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0551%	8h	12.930	+0.147%	$20.0M	$11.3M	50x	as long as short