Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Extended against Aevo−0.037%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1651.651% of the position

Long on Aevo Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.190%−$19 · spread now −0.037%, 7d avg −0.061%

Together, before fees−0.221%+ Points / potential airdropExtended: Active · farm board−$22 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: Extended is 0.024% dearer against Aevo than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.948	0.0104	pay 0.0013% / 1h	53m 57s	$543K	$2K	3x
Short	Extended LINK-USD	12.943	0.0104	get 0.0013% / 1h	53m 57s	$637K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → −0.061%: $2.38
Slippage, 4 orders: −$144.1
Fee Aevo: 8 bp × 2 orders: −$16
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$162.71
Costs to cover: 1.651%
Break-even: never at this rate

Slippage from Aevo: live order book, 5 min ago; Extended: live order book, 5 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	33.99 bp	105.1 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	2.71 bp	5.9 bp −$6	7.3 bp −$73	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	12.949	+0.009%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.956	+0.061%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.951	+0.021%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.232%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.944	−0.031%	$117K	$1.4M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.951	+0.021%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.957	+0.069%	$944K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0098%	1h	12.954	+0.043%	$773K	$187K	50x	as long as short
Phoenix LINK	+0.0098%	1h	12.920	−0.218%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.955	+0.053%	$31K	$2K	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	12.960	+0.096%	$392K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.955	+0.057%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.962	+0.108%	$273K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.952	+0.031%	$119.8M	$297.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.947	−0.008%	$83.6M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.944	−0.031%	$27.4M	$81.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.970	+0.170%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.951	+0.023%	$128.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.954	+0.046%	$32.3M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.952	+0.031%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.949	+0.008%	$53.8M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.951	+0.023%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.956	+0.064%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.913	−0.273%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.944	−0.030%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.911	−0.286%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.959	+0.085%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.945	−0.021%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+0.188%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.951	+0.023%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.941	−0.053%	$634K	$704K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	12.943	−0.037%	$637K	$2.0M	25x
Aevo LINK-PERPlong	+0.0104%	1h	12.948	long leg	$543K	$2K	3x
Backpack LINK_USDC_PERP	+0.0161%	1h	12.961	+0.100%	$340K	$388K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.960	+0.093%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.951	+0.020%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.954	+0.048%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0458%	1h	12.970	+0.170%	$81.6M	$27.2M	10x	as long as short
dYdX LINK-USD	+0.0567%	1h	12.963	+0.116%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0610%	8h	12.966	+0.139%	$20.0M	$11.4M	50x	as long as short