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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: KuCoin against MEXC+0.023%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

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

costs, in and out, $10k−$280.280% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.023%, 7d avg −0.004%

Together, before fees−0.052%−$5 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: KuCoin is 0.027% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	13.068	0.0100	pay 0.0100% / 8h	7h 01m	$35.1M	$59.4M	300x
Short	KuCoin LINKUSDTM	13.071	0.0100	get 0.0100% / 8h	7h 01m	$22.8M	$14.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.004%: $2.74
Slippage, 4 orders: −$16.03
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$25.29
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 2 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	0.6 bp −$1	4.5 bp −$45	24.4 bp −$2,444	49.2 bp −$24.6K
Sell KuCoin live order book, 2 min ago	1.14 bp	12.7 bp −$13	25.0 bp −$250	64.7 bp −$6,474	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 −0.0091% / S +0.0167%	1h	13.082	+0.111%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.090	+0.171%	$464K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.083	+0.118%	$777K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.083	+0.114%	$132K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.112%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.181	+0.867%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0071%	8h	13.081	+0.099%	$132K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.073	+0.039%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.130	+0.471%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.085	+0.130%	$401K	$305K	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	13.066	−0.013%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.076	+0.064%	$274K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.064	−0.034%	$121.2M	$297.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.063	−0.038%	$84.2M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.065	−0.023%	$27.4M	$83.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.075	+0.054%	$183K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.068	0.000%	$129.4M	$12.6M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.068	long leg	$35.1M	$59.4M	300x
KuCoin LINKUSDTMshort	+0.0100%	8h	13.071	+0.023%	$22.8M	$14.5M	75x
Bitget LINKUSDT	+0.0100%	8h	13.064	−0.031%	$54.2M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.065	−0.023%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.145	+0.590%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.115	+0.359%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.147	+0.602%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.117	+0.375%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.084	+0.122%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.079	+0.088%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.092	+0.182%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.074	+0.046%	$18K	$34K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.046	−0.165%	$643K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.062	−0.047%	$663K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.082	+0.108%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.089	+0.161%	$994K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0147%	1h	13.082	+0.107%	$362K	$365K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.101	+0.253%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0367%	1h	13.084	+0.121%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.080	+0.095%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0474%	1h	13.076	+0.060%	$346K	$48K	10x	as long as short
Hyperliquid LINK	+0.0540%	1h	13.090	+0.169%	$81.2M	$25.4M	10x	as long as short
Phemex LINKUSDT	+0.0611%	8h	13.093	+0.191%	$20.2M	$11.5M	50x	as long as short