LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h −0.008%

Price spread now: Coinbase International against Aevo+0.036%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$990.989% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.036%, 7d avg +0.009%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.026% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.197	0.0104	pay 0.0013% / 1h	40m 46s	$553K	$2K	3x
Short	Coinbase International LINK-PERP-INTX	13.202	0.0120	get 0.0015% / 1h	40m 46s	$995K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.036%Rate

Funding earned: $3.36
Price spread: +0.036% → +0.009%: $2.64
Slippage, 4 orders: −$72.85
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$92.86
Costs to cover: 0.989%
Break-even: 200.5 days

Slippage from Aevo: live order book, 43 min ago; Coinbase International: live order book, 3 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, 43 min ago	21.27 bp	38.1 bp −$38	191.7 bp −$1,917	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.79 bp	12.7 bp −$13	16.6 bp −$166	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
GMX LINK/USD [LINK-USDC]	L −0.0090% / S +0.0167%	1h	13.197	0.000%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.205	+0.061%	$350K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.209	+0.089%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.200	+0.023%	$721K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.200	+0.020%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.041%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.084%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.196	−0.010%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.206	+0.067%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.200	+0.017%	$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	13.198	+0.009%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.211	+0.104%	$77.9M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.207	+0.070%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.203	+0.043%	$277K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.200	+0.020%	$122.5M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.201	+0.028%	$85.1M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.201	+0.028%	$27.7M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.216	+0.142%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.203	+0.043%	$131.1M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.201	+0.028%	$36.8M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.205	+0.058%	$22.3M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.198	+0.005%	$54.9M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.202	+0.036%	—	$21.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.147	−0.379%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.181	−0.123%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.165	−0.245%	$594K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.172	−0.192%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.203	+0.043%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.194	−0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.223	+0.195%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.197	−0.002%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.197	−0.006%	$649K	$898K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.198	+0.004%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.197	long leg	$553K	$2K	3x
Coinbase International LINK-PERP-INTXshort	+0.0120%	1h	13.202	+0.036%	$995K	$2.7M	50x
Backpack LINK_USDC_PERP	+0.0186%	1h	13.211	+0.104%	$367K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.203	+0.043%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.197	−0.003%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0452%	8h	13.211	+0.104%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.202	+0.036%	$7.0M	$8.0M	50x	as long as short