Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: MEXC against SunX−0.225%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.225%, 7d avg −0.096%

Together, before fees+0.050%+$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: MEXC is 0.129% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	12.999	0.0100	pay 0.0100% / 8h	5h 55m	$34K	$1.2M	30x
Short	MEXC LINK_USDT	12.970	0.0100	get 0.0100% / 8h	5h 55m	$35.6M	$54.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SunX. 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 SunXbpFee MEXCbpOrdersPrice spread, now −0.225%Rate

Funding earned: $0
Price spread: −0.225% → −0.096%: −$12.88
Slippage, 4 orders: −$30.32
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$51.21
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; MEXC: live order book, 1 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 SunX live order book, 11 min ago	13.66 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.38 bp	0.6 bp −$1	3.6 bp −$36	21.8 bp −$2,178	43.0 bp −$21.5K

LINK on 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0191%	8h	12.962	−0.286%	$85K	$876K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.972	−0.210%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.988	−0.083%	$489K	$2.1M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.986	−0.098%	$115K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.010	+0.081%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.610%	$4K	$48K	12x	as long as short
HTX LINK-USDT	+0.0087%	8h	12.965	−0.266%	$608K	$677K	75x	as long as short
Lighter LINK	+0.0096%	1h	12.972	−0.206%	$1.9M	$2.3M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	12.977	−0.167%	$3.4M	$1.8M	—	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.977	−0.167%	$31K	$600	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.976	−0.175%	$349K	$279K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.984	−0.117%	$81.7M	$25.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.975	−0.185%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.986	−0.103%	$275K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.969	−0.232%	$120.3M	$268.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.967	−0.248%	$83.8M	$66.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.966	−0.255%	$27.4M	$74.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.997	−0.017%	$183K	$83K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.971	−0.217%	$134.1M	$17.1M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.970	−0.225%	$35.6M	$54.4M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.974	−0.194%	$22.9M	$11.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.975	−0.186%	$54.3M	$26.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.969	−0.232%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.978	−0.163%	$335K	$352K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.982	−0.135%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.996	−0.025%	$583K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.998	−0.009%	$132K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.980	−0.148%	$83K	$64K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.999	long leg	$34K	$1.2M	30x
SoDEX LINK-USD	+0.0100%	1h	12.971	−0.217%	$11K	$61K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	12.963	−0.281%	$628K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.972	−0.213%	$544K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0173%	1h	12.974	−0.195%	$6.5M	$7.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	13.000	+0.006%	$977K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.987	−0.094%	$5.4M	$15.3M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0267%	1h	12.978	−0.161%	$889K	$355K	50x	as long as short
Reya LINKRUSDPERP	+0.0407%	1h	12.967	−0.248%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0434%	8h	12.987	−0.094%	$20.1M	$10.2M	50x	as long as short
dYdX LINK-USD	+0.0612%	1h	12.993	−0.048%	$349K	$46K	10x	as long as short