LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0072%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h +0.023%

Price spread now: dYdX against Aevo−0.011%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2382.381% of the position

Long on Aevo Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.241%+$24 on $10k

Price spread, last 3 days (all we have)−0.125%−$12 · spread now −0.011%, 7d avg 0.000%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.241%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.176	0.0104	pay 0.0013% / 1h	11m 40s	$553K	$2K	3x
Short	dYdX LINK-USD	13.174	0.0032	get 0.0004% / 1h	11m 40s	$349K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$15.02
Price spread: −0.011% → 0.000%: −$1.07
Slippage, 4 orders: −$212.12
Fee Aevo: 8 bp × 2 orders: −$16
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$254.21
Costs to cover: 2.381%
Break-even: never at this rate

Slippage from Aevo: live order book, 7 min ago; dYdX: live order book, 7 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, 7 min ago	21.65 bp	36.5 bp −$36	178.7 bp −$1,787	doesn't fit	doesn't fit
Sell dYdX live order book, 7 min ago	78.47 bp	83.5 bp −$83	111.1 bp −$1,111	126.8 bp −$12.7K	191.1 bp −$95.5K

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	13.175	−0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.179	+0.026%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.178	+0.015%	$720K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.175	−0.002%	$134K	—	150x	as long as short
dYdX LINK-USDshort	+0.0032%	1h	13.174	−0.011%	$349K	$48K	10x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.888%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.183	+0.052%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.170	−0.044%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.175	−0.006%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.173	−0.019%	$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	13.172	−0.029%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.193	+0.128%	$77.9M	$24.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.179	+0.024%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.177	+0.007%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.173	−0.020%	$122.4M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.170	−0.044%	$84.9M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.173	−0.021%	$27.8M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.185	+0.070%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.178	+0.016%	$130.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.171	−0.037%	$36.3M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.176	+0.001%	$22.4M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.175	−0.006%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.170	−0.044%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	+0.061%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	+0.027%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.062%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	+0.085%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.176	+0.001%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.170	−0.045%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.189	+0.100%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	−0.021%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.156	−0.148%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.169	−0.053%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.176	long leg	$553K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.175	−0.006%	$994K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0212%	1h	13.176	+0.001%	$365K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.166	−0.075%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.170	−0.042%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0469%	8h	13.187	+0.085%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.175	−0.006%	$6.9M	$8.1M	50x	as long as short