data as of
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Price arb /

LINK

all LINK markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$9
spread now+0.001%7d average+0.015%fees + slippage, in and out−$8spread needed0.076%
Long on LighterShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter LINK13.0280.0096pay 0.0012% / 1h31m 46s$2.1M$2.6M10x
ShortMEXC LINK_USDT13.0280.0100get 0.0100% / 8h3h 31m$36.3M$56.8M300x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$0.12
Funding while held
$0.12
Slippage, 4 orders
−$7.56
Fee Lighter: 0 bp × 2 orders
$0
Fee MEXC: 0 bp × 2 orders
$0
Net
−$7.32
Spread needed to break even
0.076%
Slippage from Lighter: live order book, 2 min ago; MEXC: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.12
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 2 min ago2.23 bp2.6 bp −$310.9 bp −$10989.7 bp −$8,969doesn't fit
Sell MEXC live order book, 4 min ago0.38 bp0.6 bp −$13.0 bp −$3026.2 bp −$2,62047.5 bp −$23.8K

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestExtended13.022+5.020%Paradex13.024+5.034%Bybit13.026+5.048%Binance13.027+5.056%Bitget13.027+5.056%
Lighter13.028+5.063%
Pacifica13.028+5.065%Gate13.028+5.065%
MEXC13.028+5.065%
BingX13.028+5.065%OKX13.029+5.073%KuCoin13.030+5.081%dYdX13.031+5.090%SoDEX13.034+5.113%HTX13.034+5.113%Hyperliquid13.036+5.129%Reya13.038+5.142%Deribit13.038+5.144%Polymarket Perps13.039+5.153%Aster13.040+5.159%Aevo13.040+5.161%Kraken Futures13.040+5.162%gTrade (Gains Network)13.041+5.166%Backpack13.043+5.185%Orderly13.043+5.185%GMX13.045+5.204%Nado13.049+5.238%Arcus13.052+5.258%Phemex13.054+5.274%Variational Omni13.054+5.275%Coinbase International13.055+5.282%Derive13.057+5.302%Kalshi13.059+5.314%edgeX13.059+5.316%BloFin13.066+5.371%Phoenix13.069+5.391%ApeX Omni13.071+5.411%SunX13.071+5.412%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.819%+0.0033%1h$4K$141K12xas long as short
Extended LINK-USD−0.041%+0.0088%1h$653K$702K25xas long as short
Paradex LINK-USD-PERP−0.028%+0.0068%8h$32K$2K20xas long as short
Bybit LINKUSDT−0.014%+0.0100%8h$80.8M$57.0M75xas long as short
Binance LINKUSDT−0.007%+0.0100%8h$118.2M$253.2M75xas long as short
Bitget LINKUSDT−0.007%+0.0100%8h$54.1M$27.8M75xas long as short
Lighter LINKlong0.000%+0.0096%1h$2.1M$2.6M10x
Pacifica LINK+0.001%+0.0100%1h$272K$150K10xas long as short
Gate LINK_USDT+0.001%+0.0060%8h$133.0M$11.7M75xas long as short
MEXC LINK_USDTshort+0.001%+0.0100%8h$36.3M$56.8M300x
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX LINK-USDC+0.001%+0.0100%8h—$6.6M—as long as short
OKX LINK-USDT-SWAP+0.009%+0.0100%8h$28.8M$79.7M50xas long as short
KuCoin LINKUSDTM+0.017%+0.0100%8h$21.3M$17.8M75xas long as short
dYdX LINK-USD+0.026%0.0000%1h$346K$59K10xas long as short
SoDEX LINK-USD+0.047%−0.0121%1h$8K$45K10xas long as short
HTX LINK-USDT+0.047%+0.0100%8h$650K$1.1M75xas long as short
Hyperliquid LINK+0.063%+0.0100%1h$80.1M$19.5M10xas long as short
Reya LINKRUSDPERP+0.075%+0.0348%1h$4K$40020xas long as short
Deribit LINK_USDC-PERPETUAL+0.077%−0.0064%1h$704K$67K50xas long as short
Polymarket Perps LINK-USD+0.086%+0.0098%1h$76K$23K10xas long as short
Aster LINKUSDT+0.091%+0.0100%8h$1.5M$1.7M50xas long as short
Aevo LINK-PERP+0.093%+0.0104%1h$549K$3403xas long as short
Kraken Futures PF_LINKUSD+0.094%+0.0291%1h$6.4M$5.9M50xas long as short
gTrade (Gains Network) LINK/USD+0.098%L +0.0003% / S −0.0005%1h$53K—150xas long as short
Backpack LINK_USDC_PERP+0.116%+0.0100%1h$349K$250K15xas long as short
Orderly PERP_LINK_USDC+0.116%+0.0099%8h$220K$1.6M20xas long as short
GMX LINK/USD [LINK-USDC]+0.134%L −0.0006% / S +0.0077%1h$1.9M—200xas long as short
Nado LINK-PERP+0.166%+0.0100%1h$427K$328K10xas long as short
Arcus LINK-USD+0.185%+0.0100%1h$184K$193K10xas long as short
Phemex LINKUSDT+0.201%+0.0398%8h$20.5M$10.2M50xas long as short
Variational Omni LINK+0.201%+0.0100%8h$3.2M$1.1M—as long as short
Coinbase International LINK-PERP-INTX+0.208%+0.0056%1h$991K$2.4M50xas long as short
Derive LINK-PERP+0.227%+0.0100%1h$30K$6K10xas long as short
Kalshi KXLINKPERP+0.238%0.0000%8h$558K$1.9M3.7xas long as short
edgeX LINKUSDC+0.241%+0.0100%4h$43K$308K20xas long as short
BloFin LINK-USDT+0.293%+0.0220%8h$5.3M$7.3M75xas long as short
Phoenix LINK+0.312%−0.0061%1h$4K$41K10xas long as short
ApeX Omni LINKUSDT+0.331%+0.0100%1h$140K$642K50xas long as short
SunX LINK-USDT+0.332%+0.0100%8h$34K$1.4M30xas long as short