data as of
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Price arb /

LINK

all LINK markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)−0.076%
7d average−0.027%if it closes, per $10,000$8funding while held, a day−$0.33
Long on OrderlyShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_LINK_USDC13.0800.0099pay 0.0099% / 8h2h 36m$220K$1.5M20x
ShortMEXC LINK_USDT13.0700.0088get 0.0088% / 8h2h 36m$35.3M$55.4M300x

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
−$7.65
Funding while held
−$0.33
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee MEXC: 0 bp × 2 orders
$0
Net
−$13.98
Spread needed to break even
0.060%
Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 9 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0011%
Per $10,000 a day
−$0.33
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 Orderly no order-book sample—————
Sell MEXC live order book, 9 min ago0.38 bp0.4 bp $03.4 bp −$3424.8 bp −$2,48146.3 bp −$23.1K
Orderly: 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.
Injective12.400cheapest
Reya13.067+5.378%Binance13.068+5.387%Bybit13.068+5.387%Bitget13.068+5.387%Extended13.069+5.392%HTX13.069+5.394%OKX13.070+5.403%
MEXC13.070+5.403%
BingX13.070+5.403%Lighter13.071+5.411%Polymarket Perps13.072+5.419%Nado13.073+5.427%Variational Omni13.074+5.434%Paradex13.074+5.436%Gate13.076+5.452%Backpack13.077+5.460%Aevo13.077+5.460%edgeX13.077+5.461%KuCoin13.078+5.468%Pacifica13.078+5.470%Deribit13.078+5.471%Coinbase International13.079+5.476%ApeX Omni13.080+5.484%gTrade (Gains Network)13.080+5.484%
Orderly13.080+5.484%
GMX13.081+5.491%dYdX13.081+5.493%Kraken Futures13.081+5.494%Phoenix13.084+5.512%Hyperliquid13.084+5.516%Aster13.084+5.518%SunX13.085+5.524%Kalshi13.089+5.560%Arcus13.090+5.565%BloFin13.090+5.565%SoDEX13.096+5.613%Phemex13.096+5.613%Derive13.097+5.621%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−5.199%+0.0033%1h$4K$141K12xas long as short
Reya LINKRUSDPERP−0.101%+0.0351%1h$5K$40020xas long as short
Binance LINKUSDT−0.092%+0.0089%8h$118.5M$259.6M75xas long as short
Bybit LINKUSDT−0.092%+0.0074%8h$81.4M$57.8M75xas long as short
Bitget LINKUSDT−0.092%+0.0100%8h$54.1M$28.5M75xas long as short
Extended LINK-USD−0.087%+0.0104%1h$671K$719K25xas long as short
HTX LINK-USDT−0.085%+0.0100%8h$648K$1.2M75xas long as short
OKX LINK-USDT-SWAP−0.076%+0.0100%8h$28.9M$80.8M50xas long as short
MEXC LINK_USDTshort−0.076%+0.0088%8h$35.3M$55.4M300x
BingX LINK-USDT−0.076%+0.0100%8h—$18.5M—as long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter LINK−0.069%−0.0008%1h$2.1M$2.7M10xas long as short
Polymarket Perps LINK-USD−0.061%+0.0100%1h$76K$24K10xas long as short
Nado LINK-PERP−0.054%+0.0100%1h$429K$335K10xas long as short
Variational Omni LINK−0.047%+0.0061%8h$3.2M$1.1M—as long as short
Paradex LINK-USD-PERP−0.046%+0.0051%8h$32K$2K20xas long as short
Gate LINK_USDT−0.031%+0.0025%8h$134.5M$11.8M75xas long as short
Backpack LINK_USDC_PERP−0.023%+0.0100%1h$361K$276K15xas long as short
Aevo LINK-PERP−0.023%+0.0104%1h$550K$3403xas long as short
edgeX LINKUSDC−0.022%+0.0100%4h$43K$309K20xas long as short
KuCoin LINKUSDTM−0.015%+0.0100%8h$21.3M$17.8M75xas long as short
Pacifica LINK−0.013%+0.0100%1h$273K$153K10xas long as short
Deribit LINK_USDC-PERPETUAL−0.012%0.0000%1h$707K$68K50xas long as short
Coinbase International LINK-PERP-INTX−0.008%+0.0056%1h$996K$2.5M50xas long as short
ApeX Omni LINKUSDT0.000%+0.0100%1h$140K$642K50xas long as short
gTrade (Gains Network) LINK/USD0.000%L +0.0003% / S −0.0007%1h$102K—150xas long as short
Orderly PERP_LINK_USDClong0.000%+0.0099%8h$220K$1.5M20x
GMX LINK/USD [LINK-USDC]+0.007%L −0.0002% / S +0.0073%1h$1.9M—200xas long as short
dYdX LINK-USD+0.008%0.0000%1h$346K$60K10xas long as short
Kraken Futures PF_LINKUSD+0.009%+0.0113%1h$6.4M$5.9M50xas long as short
Phoenix LINK+0.027%−0.0097%1h$4K$38K10xas long as short
Hyperliquid LINK+0.031%+0.0100%1h$80.2M$20.6M10xas long as short
Aster LINKUSDT+0.032%+0.0100%8h$1.5M$1.8M50xas long as short
SunX LINK-USDT+0.038%+0.0100%8h$34K$1.4M30xas long as short
Kalshi KXLINKPERP+0.073%0.0000%8h$558K$1.9M3.7xas long as short
Arcus LINK-USD+0.076%+0.0100%1h$184K$195K10xas long as short
BloFin LINK-USDT+0.076%+0.0209%8h$5.3M$7.4M75xas long as short
SoDEX LINK-USD+0.122%−0.0178%1h$8K$45K10xas long as short
Phemex LINKUSDT+0.122%+0.0309%8h$20.6M$11.1M50xas long as short
Derive LINK-PERP+0.130%+0.0100%1h$30K$6K10xas long as short