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 +0.002%

Price spread now: MEXC against OKX+0.015%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.173% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.015%, 7d avg +0.007%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	13.142	0.0100	pay 0.0100% / 8h	1h 48m	$27.7M	$85.7M	50x
Short	MEXC LINK_USDT	13.144	0.0100	get 0.0100% / 8h	1h 48m	$36.4M	$55.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.007%: $0.79
Slippage, 4 orders: −$7.31
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$16.52
Costs to cover: 0.173%
Break-even: never at this rate

Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago	0.38 bp	6.4 bp −$6	17.4 bp −$174	31.2 bp −$3,125	doesn't fit
Sell MEXC live order book, 5 min ago	0.38 bp	0.5 bp −$1	3.7 bp −$37	27.4 bp −$2,736	47.6 bp −$23.8K

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	13.143	+0.011%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.147	+0.041%	$348K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.147	+0.040%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.146	+0.033%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.145	+0.023%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.646%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.144	+0.015%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.142	0.000%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.150	+0.060%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.137	−0.041%	$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	13.142	+0.004%	$399K	$315K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.152	+0.076%	$77.6M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.147	+0.038%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.146	+0.032%	$275K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.142	0.000%	$121.8M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.142	0.000%	$84.6M	$69.6M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.142	long leg	$27.7M	$85.7M	50x
Arcus LINK-USD	+0.0100%	1h	13.155	+0.099%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.143	+0.008%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.144	+0.015%	$36.4M	$55.9M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.146	+0.030%	$22.3M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.140	−0.015%	$54.6M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.135	−0.053%	—	$21.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.128	−0.104%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.134	−0.057%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	−0.046%	$599K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.160	+0.137%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.147	+0.038%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.139	−0.020%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.163	+0.162%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.142	0.000%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.124	−0.135%	$645K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.135	−0.057%	$675K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.145	+0.023%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.144	+0.015%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0123%	1h	13.154	+0.091%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.145	+0.023%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.144	+0.013%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0473%	8h	13.148	+0.046%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0695%	1h	13.154	+0.088%	$6.9M	$8.0M	50x	as long as short