Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Aevo−0.106%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$840.835% of the position

Long on Aevo Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.106%, 7d avg −0.022%

Together, before fees−0.009%−$1 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: BingX is 0.084% cheaper against Aevo than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.224	0.0104	pay 0.0013% / 1h	59m 37s	$555K	$2K	3x
Short	BingX LINK-USDT	13.210	0.0100	get 0.0100% / 8h	59m 37s	—	$21.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aevo. 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 AevobpFee BingXbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$0.84
Price spread: −0.106% → −0.022%: −$8.42
Slippage, 4 orders: −$57.55
Fee Aevo: 8 bp × 2 orders: −$16
Fee BingX: 5 bp × 2 orders: −$10
Net: −$92.81
Costs to cover: 0.835%
Break-even: never at this rate

Slippage from Aevo: live order book, 19 min ago; BingX: live order book, 4 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 Aevo live order book, 19 min ago	21.65 bp	36.5 bp −$36	178.7 bp −$1,787	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	1.14 bp	6.1 bp −$6	7.6 bp −$76	18.8 bp −$1,885	41.7 bp −$20.8K

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	13.222	−0.017%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.231	+0.051%	$488K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.221	−0.023%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0007%	1h	13.226	+0.015%	$725K	$128K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.231%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.203	−0.158%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.219	−0.038%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0055%	1h	13.214	−0.078%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.214	−0.076%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.209	−0.113%	$32K	$3K	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	13.215	−0.068%	$404K	$313K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.214	−0.073%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.214	−0.077%	$277K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.211	−0.098%	$122.9M	$303.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.208	−0.121%	$85.3M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.213	−0.083%	$27.9M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.226	+0.015%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.210	−0.106%	$130.9M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.211	−0.098%	$37.0M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.222	−0.015%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.209	−0.113%	$55.0M	$30.6M	75x	as long as short
BingX LINK-USDTshort	+0.0100%	8h	13.210	−0.106%	—	$21.2M	—
Variational Omni LINK	+0.0100%	8h	13.194	−0.229%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	−0.148%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.159%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.207	−0.129%	$154K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.226	+0.015%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.219	−0.041%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.236	+0.092%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.222	−0.015%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.200	−0.185%	$649K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.207	−0.129%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.224	long leg	$555K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.221	−0.023%	$999K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.206	−0.136%	$5.3M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0223%	1h	13.231	+0.053%	$365K	$380K	15x	as long as short
Hyperliquid LINK	+0.0274%	1h	13.234	+0.079%	$78.2M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.219	−0.034%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0460%	8h	13.234	+0.076%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0691%	1h	13.228	+0.031%	$7.0M	$8.2M	50x	as long as short