Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.010%

Price spread now: Gate against Aevo+0.015%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1831.828% of the position

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.015%, 7d avg −0.019%

Together, before fees−0.314%−$31 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: Gate is 0.034% dearer against Aevo than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.958	0.0104	pay 0.0013% / 1h	56m 05s	$543K	$2K	3x
Short	Gate LINK_USDT	12.960	0.0100	get 0.0100% / 8h	4h 56m	$128.1M	$12.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.015%Rate

Funding earned: −$0.84
Price spread: +0.015% → −0.019%: $3.44
Slippage, 4 orders: −$151.82
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$180.22
Costs to cover: 1.828%
Break-even: never at this rate

Slippage from Aevo: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	33.99 bp	105.1 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.93 bp	11.9 bp −$12	16.3 bp −$163	34.2 bp −$3,420	79.2 bp −$39.6K

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	12.961	+0.020%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.964	+0.043%	$487K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.961	+0.024%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.307%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.960	+0.015%	$117K	$1.4M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.963	+0.036%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.968	+0.077%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0098%	1h	12.920	−0.295%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.962	+0.028%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.963	+0.038%	$392K	$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	12.969	+0.087%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.959	+0.008%	$273K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.965	+0.055%	$120.0M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.959	+0.007%	$83.7M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.963	+0.038%	$27.4M	$81.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.972	+0.108%	$181K	$165K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.960	+0.015%	$128.1M	$12.7M	75x
MEXC LINK_USDT	+0.0100%	8h	12.965	+0.054%	$32.3M	$55.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.967	+0.069%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.961	+0.023%	$53.9M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.965	+0.054%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.941	−0.133%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	−0.118%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.947	−0.082%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.945	−0.101%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.974	+0.123%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.961	+0.023%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.988	+0.227%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.963	+0.038%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.943	−0.116%	$634K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.958	−0.003%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.958	long leg	$543K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0151%	1h	12.969	+0.083%	$774K	$184K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0170%	1h	12.973	+0.115%	$340K	$389K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.922	−0.278%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.966	+0.062%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.965	+0.056%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0459%	1h	12.979	+0.162%	$81.6M	$27.3M	10x	as long as short
Phemex LINKUSDT	+0.0607%	8h	12.978	+0.154%	$20.0M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0861%	1h	12.957	−0.006%	$343K	$30K	10x	as long as short