Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.031%

Price spread now: Kraken Futures against MEXC+0.020%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.020%, 7d avg +0.016%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	13.005	0.0100	pay 0.0100% / 8h	3h 48m	$32.9M	$56.5M	300x
Short	Kraken Futures PF_LINKUSD	13.008	0.0243	get 0.0030% / 1h	48m 04s	$6.7M	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.020%Rate

Funding earned: $30.08
Price spread: +0.020% → +0.016%: $0.46
Slippage, 4 orders: −$15.85
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $4.69
Costs to cover: 0.259%
Break-even: 5.9 days

Slippage from MEXC: live order book, 1 min ago; Kraken Futures: live order book, 1 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	0.77 bp	1.0 bp −$1	3.1 bp −$31	25.1 bp −$2,510	46.1 bp −$23.1K
Sell Kraken Futures live order book, 1 min ago	3.84 bp	11.7 bp −$12	15.5 bp −$155	44.2 bp −$4,424	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	13.001	−0.029%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.004	−0.008%	$499K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.002	−0.025%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.652%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	13.002	−0.023%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.000	−0.036%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.004	−0.007%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.013	+0.062%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.004	−0.004%	$393K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.008	+0.020%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.007	+0.018%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.008	+0.025%	$121.1M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.005	0.000%	$84.1M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.008	+0.023%	$27.5M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.023	+0.138%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.004	−0.008%	$128.8M	$12.8M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.005	long leg	$32.9M	$56.5M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.007	+0.015%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.006	+0.008%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.006	+0.008%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.016	+0.086%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.026	+0.161%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.045	+0.308%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.034	+0.223%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.019	+0.108%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.002	−0.020%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.025	+0.154%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.004	−0.008%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.955	−0.385%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.001	−0.029%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.005	+0.003%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.011	+0.046%	$946K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0149%	1h	13.010	+0.038%	$342K	$391K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0181%	1h	13.009	+0.029%	$785K	$205K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.987	−0.138%	$5.2M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0243%	1h	13.008	+0.020%	$6.7M	$8.1M	50x
dYdX LINK-USD	+0.0367%	1h	13.003	−0.018%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	13.009	+0.031%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0397%	1h	13.018	+0.100%	$81.5M	$27.4M	10x	as long as short
Phemex LINKUSDT	+0.0528%	8h	13.020	+0.115%	$20.1M	$11.4M	50x	as long as short