Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: MEXC against Bitget+0.031%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

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

costs, in and out, $10k−$190.193% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.031%, 7d avg +0.020%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	12.890	0.0100	pay 0.0100% / 8h	3h 02m	$54.0M	$29.8M	75x
Short	MEXC LINK_USDT	12.894	0.0100	get 0.0100% / 8h	3h 02m	$33.2M	$57.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.020%: $1.11
Slippage, 4 orders: −$7.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.16
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.78 bp	7.4 bp −$7	13.4 bp −$134	31.5 bp −$3,152	doesn't fit
Sell MEXC live order book, 1 min ago	0.39 bp	0.5 bp $0	4.4 bp −$44	26.8 bp −$2,678	47.8 bp −$23.9K

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	12.891	+0.005%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.910	+0.155%	$483K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.892	+0.016%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.801%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0052%	8h	12.888	−0.016%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.922	+0.247%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.891	+0.006%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.890	−0.002%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.890	+0.002%	$389K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.891	+0.010%	$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	12.896	+0.043%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.890	+0.002%	$119.5M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.885	−0.039%	$83.2M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.888	−0.016%	$27.3M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.911	+0.163%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.889	−0.008%	$124.4M	$14.6M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.894	+0.031%	$33.2M	$57.4M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.898	+0.062%	$22.7M	$13.2M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	12.890	long leg	$54.0M	$29.8M	75x
BingX LINK-USDC	+0.0100%	8h	12.889	−0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	+0.054%	$338K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.916	+0.204%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.916	+0.205%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.188%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.912	+0.171%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.898	+0.062%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.887	−0.023%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.904	+0.109%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.893	+0.023%	$9K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.880	−0.081%	$632K	$677K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.887	−0.022%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.893	+0.027%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.898	+0.062%	$919K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0184%	1h	12.897	+0.054%	$788K	$215K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	+0.039%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.895	+0.037%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0298%	1h	12.904	+0.109%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.893	+0.027%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0568%	8h	12.910	+0.155%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0784%	1h	12.892	+0.014%	$342K	$32K	10x	as long as short