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Price arb /

LINK

all LINK markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.083%
7d average—if it closes, per $10,000$8funding while held, a day+$10.19
Long on MEXCShort on Reya
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC LINK_USDT12.9680.0021pay 0.0021% / 8h6h 56m$33.4M$55.5M300x
ShortReya LINKRUSDPERP12.9570.0361get 0.0045% / 1h56m 07s$4K$40020x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$8.33
Funding while held
$10.19
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee Reya: 3 bp × 2 orders
−$6
Net
−$4.13
Spread needed to break even
0.060%
Slippage unknown: MEXC: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0340%
Per $10,000 a day
+$10.19
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago0.38 bp0.4 bp $03.5 bp −$3524.9 bp −$2,48645.5 bp −$22.7K
Sell Reya no order-book sample—————
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestHTX12.956+4.486%
Reya12.957+4.494%
Nado12.959+4.508%Polymarket Perps12.959+4.508%Bybit12.960+4.516%BingX12.961+4.524%Aster12.961+4.526%OKX12.962+4.532%Derive12.963+4.543%Extended12.964+4.546%KuCoin12.964+4.548%Paradex12.964+4.549%Gate12.965+4.556%SoDEX12.965+4.556%BloFin12.965+4.556%Binance12.965+4.559%Bitget12.967+4.573%
MEXC12.968+4.581%
Orderly12.968+4.581%Coinbase International12.968+4.581%Pacifica12.968+4.582%Lighter12.969+4.588%Aevo12.972+4.613%dYdX12.973+4.622%Deribit12.973+4.625%Kalshi12.974+4.626%Hyperliquid12.974+4.629%gTrade (Gains Network)12.975+4.640%GMX12.975+4.640%Arcus12.976+4.645%Kraken Futures12.977+4.653%Backpack12.977+4.653%Phemex12.979+4.669%Variational Omni12.980+4.679%SunX12.980+4.679%ApeX Omni12.982+4.694%edgeX12.985+4.715%Phoenix12.995+4.801%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.380%+0.0033%1h$4K$48K12xas long as short
HTX LINK-USDT−0.090%−0.0031%8h$627K$1.0M75xas long as short
Reya LINKRUSDPERPshort−0.083%+0.0361%1h$4K$40020x
Nado LINK-PERP−0.069%+0.0100%1h$427K$343K10xas long as short
Polymarket Perps LINK-USD−0.069%+0.0100%1h$77K$54K10xas long as short
Bybit LINKUSDT−0.062%−0.0081%8h$80.3M$59.0M75xas long as short
BingX LINK-USDT−0.054%+0.0096%8h—$19.9M—as long as short
Aster LINKUSDT−0.052%+0.0100%8h$1.4M$2.4M50xas long as short
OKX LINK-USDT-SWAP−0.046%−0.0038%8h$27.1M$90.1M50xas long as short
Derive LINK-PERP−0.036%+0.0100%1h$27K$10K10xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended LINK-USD−0.034%−0.0120%1h$676K$1.8M25xas long as short
KuCoin LINKUSDTM−0.031%+0.0100%8h$21.4M$16.8M75xas long as short
Paradex LINK-USD-PERP−0.030%+0.0047%8h$31K$2K20xas long as short
Gate LINK_USDT−0.023%+0.0029%8h$131.0M$11.3M75xas long as short
SoDEX LINK-USD−0.023%−0.0097%1h$8K$37K10xas long as short
BloFin LINK-USDT−0.023%+0.0087%8h$5.2M$13.1M75xas long as short
Binance LINKUSDT−0.021%+0.0022%8h$118.4M$285.0M75xas long as short
Bitget LINKUSDT−0.008%+0.0093%8h$54.0M$29.5M75xas long as short
MEXC LINK_USDTlong0.000%+0.0021%8h$33.4M$55.5M300x
Orderly PERP_LINK_USDC0.000%+0.0071%8h$140K$1.7M20xas long as short
Coinbase International LINK-PERP-INTX0.000%+0.0072%1h$1.0M$2.6M50xas long as short
Pacifica LINK+0.002%+0.0100%1h$271K$164K10xas long as short
Lighter LINK+0.007%+0.0040%1h$1.9M$2.0M10xas long as short
Aevo LINK-PERP+0.031%+0.0088%1h$546K$3403xas long as short
dYdX LINK-USD+0.040%0.0000%1h$344K$60K10xas long as short
Deribit LINK_USDC-PERPETUAL+0.042%0.0000%1h$693K$98K50xas long as short
Kalshi KXLINKPERP+0.043%0.0000%8h$460K$2.2M3.7xas long as short
Hyperliquid LINK+0.046%+0.0100%1h$76.3M$22.2M10xas long as short
gTrade (Gains Network) LINK/USD+0.056%L +0.0004% / S −0.0008%1h$194K—150xas long as short
GMX LINK/USD [LINK-USDC]+0.056%L −0.0091% / S +0.0162%1h$1.7M—200xas long as short
Arcus LINK-USD+0.062%+0.0100%1h$183K$185K10xas long as short
Kraken Futures PF_LINKUSD+0.069%−0.0326%1h$6.0M$6.5M50xas long as short
Backpack LINK_USDC_PERP+0.069%+0.0100%1h$363K$363K15xas long as short
Phemex LINKUSDT+0.085%+0.0297%8h$20.2M$11.3M50xas long as short
Variational Omni LINK+0.094%−0.0069%8h$3.2M$1.2M—as long as short
SunX LINK-USDT+0.094%+0.0100%8h$33K$1.5M30xas long as short
ApeX Omni LINKUSDT+0.108%+0.0100%1h$131K$651K50xas long as short
edgeX LINKUSDC+0.128%+0.0100%4h$43K$311K20xas long as short
Phoenix LINK+0.211%−0.0080%1h$3K$46K10xas long as short