LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0099%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Aevo−0.004%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$349as in the Price arb table

costs, in and out, $10k−$3493.494% of the position

Long on Aevo Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.103%−$10 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.004%, 7d avg −0.005%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.935	0.0104	pay 0.0013% / 1h	46m 38s	$542K	$2K	3x
Short	gTrade (Gains Network) LINK/USD	12.935	L +0.0004% / S −0.0005%	get 0.0001% / 1h	46m 38s	$155K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.004%Rate

Funding earned: −$20.88
Price spread: −0.004% → −0.005%: $0.07
Slippage, 4 orders: −$323.35
Fee Aevo: 8 bp × 2 orders: −$16
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$370.16
Costs to cover: 3.494%
Break-even: never at this rate

Slippage from Aevo: live order book, 57 min ago; gTrade (Gains Network): virtual book (oracle venue), 52 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, 57 min ago	18.63 bp	34.7 bp −$35	191.0 bp −$1,910	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 52 min ago	130.03 bp	142.5 bp −$143	1049.3 bp −$10.5K	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 −0.0087% / S +0.0165%	1h	12.935	−0.005%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0059%	8h	12.927	−0.066%	$91K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.936	+0.006%	$507K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.940	+0.035%	$809K	$268K	50x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0005%	1h	12.935	−0.004%	$155K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.140%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.904	−0.240%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.931	−0.035%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.927	−0.062%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.933	−0.015%	$354K	$340K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.940	+0.035%	$81.0M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.936	+0.001%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.933	−0.018%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.933	−0.022%	$119.4M	$299.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.927	−0.066%	$83.5M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.927	−0.066%	$27.1M	$80.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.945	+0.073%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.932	−0.027%	$133.7M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.933	−0.019%	$34.6M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.934	−0.012%	$22.9M	$12.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.929	−0.050%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.929	−0.050%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.936	+0.004%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.896	−0.305%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.907	−0.221%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.901	−0.267%	$586K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.928	−0.058%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.939	+0.027%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.930	−0.042%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.948	+0.097%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.930	−0.043%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.905	−0.233%	$630K	$778K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.931	−0.037%	$6.5M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.923	−0.097%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.935	long leg	$542K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.936	+0.004%	$931K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.927	−0.066%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0400%	1h	12.932	−0.024%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0425%	1h	12.932	−0.024%	$345K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0546%	8h	12.949	+0.104%	$20.0M	$11.3M	50x	as long as short