Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: HTX against Aevo−0.159%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1211.207% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.159%, 7d avg −0.086%

Together, before fees+0.038%+$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: HTX is 0.072% cheaper against Aevo than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.888	0.0104	pay 0.0013% / 1h	21m 11s	$540K	$2K	3x
Short	HTX LINK-USDT	12.867	0.0100	get 0.0100% / 8h	2h 21m	$632K	$675K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.159%Rate

Funding earned: −$0.84
Price spread: −0.159% → −0.086%: −$7.23
Slippage, 4 orders: −$92.69
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$128.76
Costs to cover: 1.207%
Break-even: never at this rate

Slippage from Aevo: live order book, 28 min ago; HTX: live order book, 27 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, 28 min ago	16.63 bp	29.1 bp −$29	166.3 bp −$1,663	doesn't fit	doesn't fit
Sell HTX live order book, 27 min ago	17.45 bp	32.1 bp −$32	221.2 bp −$2,212	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 −0.0089% / S +0.0166%	1h	12.891	+0.025%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.908	+0.162%	$525K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.892	+0.031%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.783%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0040%	8h	12.882	−0.043%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.049%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.886	−0.011%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.901	+0.108%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.895	+0.058%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.891	+0.026%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.903	+0.116%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.889	+0.011%	$118.5M	$302.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.887	−0.004%	$83.2M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.899	+0.089%	$27.3M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.916	+0.221%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.886	−0.012%	$124.4M	$15.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.902	+0.112%	$32.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.891	+0.027%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.898	+0.081%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.901	+0.104%	—	$23.3M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	+0.073%	$336K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.814	−0.568%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.844	−0.336%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.291%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.299%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.907	+0.151%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.884	−0.029%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.914	+0.206%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.888	+0.003%	$10K	$62K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.867	−0.159%	$632K	$675K	75x
Extended LINK-USD	+0.0104%	1h	12.882	−0.040%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.888	long leg	$540K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.857	−0.237%	$915K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0208%	1h	12.893	+0.039%	$796K	$244K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	+0.058%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0232%	1h	12.914	+0.205%	$80.4M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.888	+0.006%	$6.6M	$8.2M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.897	+0.077%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0575%	8h	12.903	+0.120%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0751%	1h	12.898	+0.079%	$344K	$33K	10x	as long as short