Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.014%

Price spread now: MEXC against Injective+6.476%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−1.007%−$101 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 6.476% dearer against Injective than usual: you sell high and buy low: +$648 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −1.007%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	34m 58s	$4K	$48K	12x
Short	MEXC LINK_USDT	13.203	0.0100	get 0.0100% / 8h	7h 34m	$36.9M	$58.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now +6.476%Rate

Funding earned: $14
Price spread: +6.476% → 0.000%: $647.58
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $661.56
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.38 bp	0.6 bp −$1	3.5 bp −$35	26.2 bp −$2,615	47.4 bp −$23.7K

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 +0.0167%	1h	13.194	+6.401%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.206	+6.502%	$476K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.202	+6.466%	$783K	$209K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.195	+6.415%	$134K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Phoenix LINK	+0.0036%	1h	13.229	+6.686%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0047%	8h	13.195	+6.411%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.197	+6.430%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.203	+6.475%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.191	+6.375%	$404K	$308K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.201	+6.463%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.206	+6.503%	$277K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.201	+6.463%	$122.7M	$302.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.199	+6.444%	$85.1M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.199	+6.444%	$27.9M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	+6.605%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.200	+6.452%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	13.203	+6.476%	$36.9M	$58.5M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.199	+6.444%	$22.9M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.201	+6.460%	$54.9M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.199	+6.444%	—	$21.1M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.213	+6.560%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	+6.484%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.182	+6.306%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.220	+6.613%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.196	+6.419%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.197	+6.428%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.212	+6.546%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.196	+6.419%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.193	+6.391%	$649K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.197	+6.428%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.199	+6.443%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.210	+6.532%	$1.0M	$2.7M	50x	as long as short
dYdX LINK-USD	+0.0193%	1h	13.205	+6.496%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0203%	1h	13.211	+6.540%	$369K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	+6.452%	$5.2M	$16.1M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.203	+6.474%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.188	+6.351%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0435%	8h	13.212	+6.548%	$20.5M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0582%	1h	13.225	+6.653%	$81.6M	$24.8M	10x	as long as short