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: BingX against MEXC0.000%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg −0.009%

Together, before fees+0.037%+$4 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	12.946	0.0100	pay 0.0100% / 8h	4h 21m	$32.7M	$56.8M	300x
Short	BingX LINK-USDC	12.946	0.0100	get 0.0100% / 8h	4h 21m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.009%: $0.88
Slippage, 4 orders: −$14.11
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$23.23
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 15 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, 3 min ago	0.39 bp	0.5 bp −$1	4.0 bp −$40	25.7 bp −$2,573	47.4 bp −$23.7K
Sell BingX live order book, 15 min ago	0.78 bp	13.6 bp −$14	23.9 bp −$239	80.4 bp −$8,044	370.7 bp −$185.3K

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 −0.0090% / S +0.0167%	1h	12.945	−0.010%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.962	+0.121%	$519K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.946	−0.003%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.218%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	12.944	−0.015%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.951	+0.040%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.949	+0.023%	$942K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.961	+0.114%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.949	+0.026%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.949	+0.027%	$391K	$310K	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	12.952	+0.043%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.956	+0.075%	$274K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.947	+0.008%	$119.8M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.942	−0.031%	$83.5M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.945	−0.008%	$27.3M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.962	+0.124%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.946	0.000%	$128.0M	$13.0M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.946	long leg	$32.7M	$56.8M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.948	+0.015%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.948	+0.015%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	12.946	0.000%	—	$6.6M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	12.956	+0.077%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	+0.063%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.107%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.961	+0.116%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	+0.224%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.953	+0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.944	−0.018%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.966	+0.153%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.950	+0.031%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.944	−0.019%	$635K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.943	−0.023%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.948	+0.018%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.951	+0.040%	$779K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.966	+0.154%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0369%	1h	12.965	+0.147%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.946	−0.001%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.952	+0.044%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0416%	1h	12.956	+0.075%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0535%	8h	12.967	+0.162%	$20.0M	$11.4M	50x	as long as short