Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: MEXC against Arcus−0.186%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Arcus Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.186%, 7d avg −0.067%

Together, before fees+0.137%+$14 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 0.119% cheaper against Arcus than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.872	0.0100	pay 0.0013% / 1h	34m 00s	$180K	$167K	10x
Short	MEXC LINK_USDT	12.848	0.0100	get 0.0100% / 8h	2h 34m	$32.9M	$57.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Arcus. 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 ArcusbpFee MEXCbpOrdersPrice spread, now −0.186%Rate

Funding earned: $0
Price spread: −0.186% → −0.067%: −$11.92
Slippage, 4 orders: −$26.33
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$42.75
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Arcus: live order book, 14 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 Arcus live order book, 14 min ago	11.98 bp	15.5 bp −$16	27.9 bp −$279	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.39 bp	0.5 bp −$1	4.1 bp −$41	26.7 bp −$2,673	48.0 bp −$24.0K

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 −0.0089% / S +0.0166%	1h	12.846	−0.202%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.873	+0.010%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.848	−0.183%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.667%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0047%	8h	12.842	−0.233%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.887	+0.120%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.846	−0.203%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.855	−0.134%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.854	−0.140%	$343K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.848	−0.183%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.857	−0.114%	$274K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.842	−0.233%	$118.4M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.836	−0.280%	$82.8M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.837	−0.272%	$27.1M	$80.1M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.872	long leg	$180K	$167K	10x
Gate LINK_USDT	+0.0100%	8h	12.844	−0.218%	$123.8M	$14.9M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.848	−0.186%	$32.9M	$57.1M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.850	−0.171%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.837	−0.272%	$53.6M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.844	−0.218%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.851	−0.163%	$335K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	+0.004%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.869	−0.020%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.880	+0.062%	$589K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.877	+0.039%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.857	−0.117%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.844	−0.218%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.866	−0.049%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.847	−0.194%	$10K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.846	−0.201%	$630K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.834	−0.298%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.849	−0.178%	$539K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0124%	1h	12.851	−0.160%	$788K	$233K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.866	−0.047%	$915K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.892	+0.155%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0227%	1h	12.857	−0.117%	$80.1M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.848	−0.188%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.847	−0.193%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0591%	8h	12.861	−0.085%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0793%	1h	12.860	−0.097%	$343K	$33K	10x	as long as short