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 −0.021%

Price spread now: GRVT against Aevo−0.125%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$870.872% of the position

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now −0.125%, 7d avg −0.027%

Together, before fees−0.159%+ Points / potential airdropGRVT: Active · farm board−$16 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: GRVT is 0.098% cheaper against Aevo than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.220	0.0104	pay 0.0013% / 1h	58m 38s	$554K	$2K	3x
Short	GRVT LINK_USDT_Perp	13.203	0.0100	get 0.0100% / 8h	58m 38s	$596K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$0.84
Price spread: −0.125% → −0.027%: −$9.84
Slippage, 4 orders: −$62.25
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$97.92
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from Aevo: live order book, 20 min ago; GRVT: 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, 20 min ago	21.65 bp	36.5 bp −$36	178.7 bp −$1,787	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	0.76 bp	7.4 bp −$7	19.6 bp −$196	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	13.217	−0.017%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.221	+0.011%	$488K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.223	+0.023%	$725K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.217	−0.021%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.199%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.203	−0.124%	$4K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.216	−0.026%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.225	+0.041%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.228	+0.061%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.207	−0.091%	$404K	$313K	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	13.223	+0.024%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.227	+0.053%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.225	+0.042%	$123.1M	$303.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.228	+0.064%	$85.5M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.232	+0.095%	$27.9M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.240	+0.155%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.221	+0.011%	$131.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.231	+0.087%	$37.2M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.221	+0.011%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.225	+0.042%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.230	+0.079%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.195%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	−0.114%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.203	−0.125%	$596K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.207	−0.095%	$154K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.216	−0.026%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.213	−0.052%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.225	+0.045%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.220	+0.004%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.199	−0.152%	$649K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.226	+0.048%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.220	long leg	$554K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.222	+0.019%	$999K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.216	−0.026%	$5.3M	$17.2M	75x	as long as short
dYdX LINK-USD	+0.0232%	1h	13.223	+0.024%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0269%	1h	13.231	+0.087%	$365K	$380K	15x	as long as short
Hyperliquid LINK	+0.0289%	1h	13.232	+0.098%	$78.2M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.210	−0.070%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0462%	8h	13.233	+0.102%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0475%	1h	13.229	+0.072%	$7.0M	$8.2M	50x	as long as short