Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against BingX+0.023%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$190.195% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.023%, 7d avg +0.009%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDC	12.997	0.0100	pay 0.0100% / 8h	4h 05m	—	$6.6M	—
Short	MEXC LINK_USDT	13.000	0.0100	get 0.0100% / 8h	4h 05m	$34.9M	$56.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.009%: $1.37
Slippage, 4 orders: −$9.5
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.13
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 2 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 BingX live order book, 6 min ago	0.77 bp	8.3 bp −$8	18.0 bp −$180	80.4 bp −$8,038	420.9 bp −$210.4K
Sell MEXC live order book, 2 min ago	0.38 bp	0.4 bp $0	2.4 bp −$24	20.1 bp −$2,008	44.9 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 −0.0091% / S +0.0165%	1h	13.004	+0.052%	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0077%	8h	13.000	+0.026%	$3.2M	$1.2M	—	as long as short
Phoenix LINK	−0.0019%	1h	13.003	+0.045%	$9K	$78K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.014	+0.127%	$345K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.013	+0.122%	$473K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.003	+0.044%	$690K	$107K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	13.005	+0.062%	$118K	—	150x	as long as short
Coinbase International LINK-PERP-INTX	+0.0008%	1h	13.016	+0.146%	$990K	$2.7M	50x	as long as short
Bybit LINKUSDT	+0.0012%	8h	13.000	+0.023%	$83.5M	$65.0M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0018%	1h	13.002	+0.039%	$6.1M	$6.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.593%	$4K	$48K	12x	as long as short
OKX LINK-USDT-SWAP	+0.0036%	8h	12.999	+0.015%	$27.0M	$81.2M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	13.005	+0.062%	$150K	$1.6M	20x	as long as short
HTX LINK-USDT	+0.0092%	8h	12.956	−0.315%	$629K	$887K	75x	as long as short
Lighter LINK	+0.0096%	1h	13.004	+0.053%	$2.0M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.999	+0.014%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.010	+0.100%	$391K	$291K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.010	+0.100%	$76.0M	$21.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.003	+0.044%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.004	+0.057%	$272K	$162K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.996	−0.008%	$119.1M	$290.0M	75x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.018	+0.162%	$196K	$153K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.998	+0.008%	$130.1M	$12.2M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.000	+0.023%	$34.9M	$56.6M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.001	+0.031%	$21.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.998	+0.008%	$54.0M	$29.4M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	12.997	long leg	—	$6.6M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	13.009	+0.092%	$353K	$361K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.011	+0.108%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.003	+0.048%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.014	+0.131%	$132K	$650K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.004	+0.054%	$78K	$58K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.998	+0.004%	$24K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.011	+0.111%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.997	0.000%	$5K	$39K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	12.998	+0.005%	$635K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.006	+0.067%	$547K	$340	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	+0.100%	$5.2M	$13.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0369%	1h	12.998	+0.011%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0475%	8h	13.018	+0.162%	$20.2M	$11.3M	50x	as long as short