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 0.000%

Price spread now: Binance against MEXC+0.009%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$120.123% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.009%, 7d avg +0.001%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	13.038	0.0100	pay 0.0100% / 8h	6h 02m	$33.2M	$59.6M	300x
Short	Binance LINKUSDT	13.039	0.0100	get 0.0100% / 8h	6h 02m	$119.9M	$298.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.001%: $0.8
Slippage, 4 orders: −$2.34
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.54
Costs to cover: 0.123%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 11 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 MEXC live order book, 2 min ago	0.38 bp	0.4 bp $0	3.7 bp −$37	19.5 bp −$1,946	45.0 bp −$22.5K
Sell Binance live order book, 11 min ago	0.38 bp	5.8 bp −$6	10.5 bp −$105	30.4 bp −$3,038	106.6 bp −$53.3K

LINK on 39 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 −0.0090% / S +0.0167%	1h	13.037	−0.010%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.033	−0.039%	$470K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.038	0.000%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.893%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.036	−0.019%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.036	−0.015%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.042	+0.031%	$954K	$2.6M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.037	−0.004%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.027	−0.085%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.024	−0.104%	$396K	$318K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.038	−0.001%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.026	−0.092%	$276K	$171K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.039	+0.009%	$119.9M	$298.2M	75x
Bybit LINKUSDT	+0.0100%	8h	13.032	−0.046%	$84.3M	$71.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.036	−0.015%	$27.5M	$82.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.042	+0.031%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.038	0.000%	$128.6M	$12.9M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.038	long leg	$33.2M	$59.6M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.043	+0.038%	$23.1M	$13.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.039	+0.008%	$54.2M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.037	−0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	−0.382%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.974	−0.492%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.003	−0.268%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.976	−0.476%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.036	−0.015%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.036	−0.013%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.051	+0.097%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.039	+0.008%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.018	−0.152%	$642K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.033	−0.040%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.036	−0.013%	$547K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0145%	1h	13.046	+0.061%	$339K	$378K	15x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.031	−0.050%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0411%	1h	13.026	−0.093%	$345K	$30K	10x	as long as short
Hyperliquid LINK	+0.0486%	1h	13.055	+0.130%	$81.4M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.041	+0.025%	$6.8M	$8.0M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0525%	1h	13.041	+0.026%	$775K	$212K	50x	as long as short
Phemex LINKUSDT	+0.0621%	8h	13.055	+0.130%	$20.1M	$11.5M	50x	as long as short