Funding arb · Price arb /

LINK

all LINK markets

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: SunX against MEXC+0.082%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.082%, 7d avg +0.099%

Together, before fees+0.098%+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.987	0.0100	pay 0.0100% / 8h	5h 54m	$32.1M	$56.7M	300x
Short	SunX LINK-USDT	12.998	0.0100	get 0.0100% / 8h	5h 54m	$33K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → +0.099%: −$1.71
Slippage, 4 orders: −$30.21
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$39.91
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago	0.38 bp	0.5 bp $0	3.8 bp −$38	27.2 bp −$2,720	46.9 bp −$23.4K
Sell SunX live order book, 10 min ago	13.65 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit

LINK on 39 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	12.985	−0.018%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.013	+0.201%	$468K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.985	−0.015%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.520%	$4K	$48K	12x	as long as short
ApeX Omni LINKUSDT	+0.0039%	1h	12.976	−0.085%	$133K	$672K	50x	as long as short
Phoenix LINK	+0.0049%	1h	13.039	+0.403%	$3K	$84K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.004	+0.131%	$952K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.981	−0.046%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.991	+0.031%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.990	+0.027%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.993	+0.050%	$395K	$316K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.003	+0.127%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.992	+0.039%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.990	+0.026%	$119.5M	$296.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.987	0.000%	$84.0M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.986	−0.008%	$27.4M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.007	+0.154%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.998	+0.085%	$128.2M	$12.5M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.987	long leg	$32.1M	$56.7M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.996	+0.069%	$23.0M	$13.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.989	+0.015%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.996	+0.069%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.003	+0.123%	$340K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.034	+0.365%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.981	−0.044%	$43K	$304K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.973	−0.106%	$586K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.994	+0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.986	−0.010%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.998	+0.082%	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.991	+0.031%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.994	+0.052%	$641K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.000	+0.097%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.989	+0.019%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0197%	1h	12.992	+0.036%	$772K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.982	−0.042%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0428%	1h	12.994	+0.052%	$344K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	12.997	+0.073%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0597%	8h	13.004	+0.131%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0629%	1h	13.011	+0.185%	$81.4M	$26.4M	10x	as long as short