Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against MEXC−0.069%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.069%, 7d avg +0.012%

Together, before fees+0.128%+ Points / potential airdropPacifica: Active · farm board+$13 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: Pacifica is 0.080% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	13.039	0.0100	pay 0.0100% / 8h	5h 31m	$32.1M	$57.0M	300x
Short	Pacifica LINK	13.030	0.0100	get 0.0013% / 1h	31m 01s	$275K	$170K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → +0.012%: −$8.04
Slippage, 4 orders: −$15.22
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$31.27
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Pacifica: live order book, 32 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	0.38 bp	0.5 bp −$1	3.7 bp −$37	19.7 bp −$1,974	41.9 bp −$20.9K
Sell Pacifica live order book, 32 min ago	5.38 bp	11.7 bp −$12	doesn't fit	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 −0.0090% / S +0.0167%	1h	13.029	−0.077%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.036	−0.027%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.030	−0.067%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.901%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.045	+0.046%	$940K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.029	−0.077%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.038	−0.011%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.016	−0.176%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.030	−0.072%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.028	−0.084%	$396K	$315K	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	13.037	−0.015%	$1.3M	$2.3M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.030	−0.069%	$275K	$170K	10x
Binance LINKUSDT	+0.0100%	8h	13.043	+0.029%	$120.2M	$295.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.039	0.000%	$84.3M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.042	+0.023%	$27.5M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.044	+0.038%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.041	+0.015%	$128.7M	$12.7M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.039	long leg	$32.1M	$57.0M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.037	−0.015%	$23.1M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.042	+0.023%	$54.3M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.041	+0.015%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.047	+0.061%	$343K	$382K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.029	−0.078%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.018	−0.163%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.023	−0.122%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.005	−0.261%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.039	0.000%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.031	−0.065%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.045	+0.046%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.038	−0.008%	$14K	$57K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.014	−0.193%	$642K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.029	−0.075%	$653K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.033	−0.044%	$547K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.027	−0.092%	$5.2M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0341%	1h	13.030	−0.068%	$345K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.030	−0.071%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0464%	1h	13.038	−0.005%	$774K	$183K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0552%	1h	13.041	+0.015%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0596%	8h	13.045	+0.046%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0651%	1h	13.060	+0.161%	$81.9M	$27.1M	10x	as long as short