LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0181%/8h= +19.9% APRnext payment +$1.81 per $10,000 · paid last 24h +0.111%

Price spread now: Phemex against MEXC+0.108%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.328%+$33 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now +0.108%, 7d avg +0.094%

Together, before fees+0.536%+$54 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: +$5 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	12.951	0.0100	pay 0.0100% / 8h	7h 22m	$35.1M	$59.2M	300x
Short	Phemex LINKUSDT	12.965	0.0281	get 0.0281% / 8h	7h 22m	$20.0M	$11.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.108%Rate

Funding earned: $38.1
Price spread: +0.108% → +0.094%: $1.39
Slippage, 4 orders: −$10.67
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: $16.83
Costs to cover: 0.227%
Break-even: 3.9 days

Slippage from MEXC: live order book, 2 min ago; Phemex: 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	0.77 bp	0.9 bp −$1	3.7 bp −$37	26.8 bp −$2,678	46.3 bp −$23.1K
Sell Phemex live order book, 2 min ago	0.39 bp	9.3 bp −$9	14.3 bp −$143	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
Orderly PERP_LINK_USDC	−0.0122%	8h	12.951	0.000%	$91K	$936K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.934	−0.131%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.951	+0.002%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.953	+0.019%	$106K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.254%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.953	+0.019%	$6.4M	$8.4M	50x	as long as short
Bybit LINKUSDT	+0.0065%	8h	12.949	−0.015%	$83.7M	$72.5M	75x	as long as short
Phoenix LINK	+0.0087%	1h	12.845	−0.821%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.951	−0.002%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.953	+0.013%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.942	−0.066%	$349K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.960	+0.069%	$80.9M	$27.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.953	+0.015%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.950	−0.008%	$275K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.951	−0.002%	$119.5M	$294.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.954	+0.023%	$27.2M	$79.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.965	+0.108%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.950	−0.008%	$134.4M	$17.7M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.951	long leg	$35.1M	$59.2M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.957	+0.046%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.952	+0.008%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.955	+0.031%	—	$23.0M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.961	+0.077%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.835	−0.896%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.860	−0.704%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.865	−0.663%	$588K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.850	−0.780%	$131K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.952	+0.008%	$83K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.822	−0.994%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.967	+0.127%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.953	+0.015%	$11K	$58K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.933	−0.137%	$632K	$698K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.948	−0.021%	$617K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.954	+0.020%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.961	+0.080%	$811K	$266K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.961	+0.077%	$926K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.929	−0.170%	$5.3M	$15.9M	75x	as long as short
Phemex LINKUSDTshort	+0.0281%	8h	12.965	+0.108%	$20.0M	$11.4M	50x
Reya LINKRUSDPERP	+0.0404%	1h	12.949	−0.018%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.1255%	1h	12.953	+0.019%	$348K	$49K	10x	as long as short