Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: edgeX against Aevo−0.089%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$780.779% of the position

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.089%, 7d avg −0.034%

Together, before fees−0.036%+ Points / potential airdropedgeX: Active · farm board−$4 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: edgeX is 0.054% cheaper against Aevo than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.112	0.0104	pay 0.0013% / 1h	8m 44s	$550K	$2K	3x
Short	edgeX LINKUSDC	13.101	0.0100	get 0.0050% / 4h	8m 44s	$43K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$0.84
Price spread: −0.089% → −0.034%: −$5.44
Slippage, 4 orders: −$52.91
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$84.19
Costs to cover: 0.779%
Break-even: never at this rate

Slippage from Aevo: live order book, 5 min ago; edgeX: 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, 5 min ago	20.97 bp	30.8 bp −$31	164.3 bp −$1,643	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	2.67 bp	7.2 bp −$7	10.3 bp −$103	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 −0.0091% / S +0.0167%	1h	13.111	−0.010%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.115	+0.020%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.113	+0.005%	$726K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.110	−0.020%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.108	−0.029%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.432%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.109	−0.025%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.105	−0.053%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.104	−0.060%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.100	−0.090%	$400K	$310K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.112	0.000%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.108	−0.030%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.107	−0.040%	$121.8M	$305.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.106	−0.048%	$84.4M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.107	−0.040%	$27.5M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.120	+0.059%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.106	−0.048%	$130.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.106	−0.048%	$36.0M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.111	−0.010%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.105	−0.055%	$54.5M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.107	−0.040%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.083	−0.226%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.101	−0.089%	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.087	−0.193%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	−0.048%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.111	−0.010%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.106	−0.050%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.123	+0.084%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.106	−0.048%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.095	−0.131%	$644K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.103	−0.067%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.112	long leg	$550K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.111	−0.010%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0213%	1h	13.119	+0.051%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.109	−0.025%	$5.2M	$16.8M	75x	as long as short
Hyperliquid LINK	+0.0294%	1h	13.122	+0.074%	$77.8M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.105	−0.057%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.116	+0.026%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0485%	8h	13.124	+0.089%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0529%	1h	13.112	−0.001%	$347K	$48K	10x	as long as short