LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.031%

Price spread now: Deribit against Aevo+0.026%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.231%−$23 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.026%, 7d avg −0.008%

Together, before fees−0.271%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.034% dearer against Aevo than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.008%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.204	0.0104	pay 0.0013% / 1h	39m 42s	$554K	$2K	3x
Short	Deribit LINK_USDC-PERPETUAL	13.207	0	get 0.0000% / 1h	39m 42s	$721K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$21.84
Price spread: +0.026% → −0.008%: $3.41
Slippage, 4 orders: −$68.21
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$109.64
Costs to cover: 0.912%
Break-even: never at this rate

Slippage from Aevo: live order book, 44 min ago; Deribit: live order book, 44 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, 44 min ago	21.27 bp	38.1 bp −$38	191.7 bp −$1,917	doesn't fit	doesn't fit
Sell Deribit live order book, 44 min ago	2.66 bp	11.5 bp −$11	15.6 bp −$156	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	13.205	+0.006%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.189	−0.112%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.209	+0.035%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALshort	0.0000%	1h	13.207	+0.026%	$721K	$125K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.205	+0.005%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.088%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.034%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.199	−0.037%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.187	−0.126%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.182	−0.163%	$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	13.200	−0.030%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.198	−0.045%	$77.9M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.197	−0.049%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.188	−0.117%	$276K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.182	−0.166%	$122.3M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.182	−0.166%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.183	−0.158%	$27.7M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.199	−0.037%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.190	−0.105%	$131.0M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.185	−0.143%	$36.7M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.193	−0.083%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.178	−0.196%	$54.8M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.183	−0.158%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.205	+0.008%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.181	−0.173%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.165	−0.295%	$594K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.172	−0.242%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.204	+0.001%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.201	−0.025%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.220	+0.120%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.203	−0.007%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.191	−0.095%	$649K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.178	−0.194%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.204	long leg	$554K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	−0.014%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0185%	1h	13.213	+0.069%	$367K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.203	−0.007%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.202	−0.013%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0450%	8h	13.215	+0.084%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.212	+0.058%	$7.0M	$8.0M	50x	as long as short