Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: edgeX against MEXC+0.110%83s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$150.149% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.110%, 7d avg −0.014%

Together, before fees+0.060%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.123% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.825	0.0100	pay 0.0100% / 8h	2h 28m	$33.0M	$57.3M	300x
Short	edgeX LINKUSDC	12.839	0.0100	get 0.0050% / 4h	2h 28m	$43K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → −0.014%: $12.34
Slippage, 4 orders: −$5.88
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$2.54
Costs to cover: 0.149%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; edgeX: live order book, 20 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, 1 min ago	0.39 bp	0.5 bp −$1	2.9 bp −$29	24.5 bp −$2,455	45.8 bp −$22.9K
Sell edgeX live order book, 20 min ago	2.32 bp	6.9 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit

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	12.817	−0.060%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.834	+0.067%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.819	−0.051%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.314%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	12.811	−0.109%	$94K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.848	+0.176%	$3K	$82K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0078%	1h	12.826	+0.008%	$792K	$241K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.825	−0.003%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.819	−0.049%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.822	−0.023%	$344K	$343K	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	12.827	+0.016%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.827	+0.018%	$273K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.826	+0.008%	$118.1M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.824	−0.008%	$82.7M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.827	+0.016%	$27.1M	$79.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.840	+0.117%	$179K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.822	−0.023%	$123.6M	$15.0M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.825	long leg	$33.0M	$57.3M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.825	0.000%	$22.6M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.823	−0.016%	$53.5M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.826	+0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.833	+0.062%	$334K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.825	−0.004%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.839	+0.110%	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.825	+0.002%	$580K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.838	+0.101%	$131K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.827	+0.016%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.818	−0.058%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.832	+0.058%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.821	−0.031%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.819	−0.050%	$629K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.815	−0.075%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.820	−0.038%	$538K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.833	+0.062%	$913K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0220%	1h	12.839	+0.109%	$79.9M	$27.6M	10x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.843	+0.140%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.823	−0.019%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.820	−0.042%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0587%	8h	12.837	+0.094%	$19.8M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0828%	1h	12.824	−0.006%	$342K	$33K	10x	as long as short