Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: MEXC against Pacifica+0.079%45s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.225% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.079%, 7d avg −0.012%

Together, before fees−0.121%+ Points / potential airdropPacifica: Active · farm board−$12 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: MEXC is 0.091% dearer against Pacifica than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.156	0.0100	pay 0.0013% / 1h	10m 54s	$276K	$150K	10x
Short	MEXC LINK_USDT	13.166	0.0100	get 0.0100% / 8h	2h 10m	$37.2M	$56.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → −0.012%: $9.13
Slippage, 4 orders: −$14.46
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$13.33
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from Pacifica: live order book, 12 min ago; MEXC: live order book, 8 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 Pacifica live order book, 12 min ago	3.04 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	0.38 bp	0.6 bp −$1	3.7 bp −$37	20.7 bp −$2,069	44.7 bp −$22.4K

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 −0.0092% / S +0.0167%	1h	13.169	+0.100%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.166	+0.083%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.163	+0.058%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.165	+0.075%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0015%	1h	13.152	−0.024%	$348K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.150	−0.046%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.744%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.155	−0.005%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.161	+0.037%	$2.1M	$2.4M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	13.185	+0.223%	$3.3M	$1.5M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.156	+0.001%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.162	+0.052%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.169	+0.102%	$77.6M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.162	+0.050%	$1.6M	$2.7M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.156	long leg	$276K	$150K	10x
Binance LINKUSDT	+0.0100%	8h	13.164	+0.062%	$122.2M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.162	+0.049%	$84.7M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.160	+0.033%	$27.9M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.172	+0.125%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.163	+0.056%	$130.6M	$12.8M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.166	+0.079%	$37.2M	$56.9M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.168	+0.094%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.160	+0.033%	$54.5M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.161	+0.041%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.182	+0.201%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.141	−0.110%	$591K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.184	+0.216%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.168	+0.094%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.148	−0.056%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.184	+0.215%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.155	−0.005%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.130	−0.194%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.161	+0.038%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.160	+0.032%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.161	+0.041%	$990K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0114%	1h	13.170	+0.109%	$367K	$373K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.159	+0.026%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.165	+0.075%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.176	+0.155%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	13.164	+0.062%	$6.9M	$7.9M	50x	as long as short