Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Kalshi against Aevo+0.102%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$910.909% of the position

Long on Aevo Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$20 on $10k

Price spread, last 3 days (all we have)−0.159%−$16 · spread now +0.102%, 7d avg −0.074%

Together, before fees−0.364%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.176% dearer against Aevo than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.074%): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.193	0.0104	pay 0.0013% / 1h	12m 27s	$553K	$2K	3x
Short	Kalshi KXLINKPERP	13.207	0	get 0.0000% / 8h	3h 12m	$465K	$2.2M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now +0.102%Rate

Funding earned: −$21.84
Price spread: +0.102% → −0.074%: $17.64
Slippage, 4 orders: −$64.94
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$95.14
Costs to cover: 0.909%
Break-even: never at this rate

Slippage from Aevo: live order book, 62 min ago; Kalshi: live order book, 1 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, 62 min ago	20.97 bp	30.8 bp −$31	164.3 bp −$1,643	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	8.61 bp	13.8 bp −$14	18.2 bp −$182	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 −0.0091% / S +0.0167%	1h	13.188	−0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.207	+0.102%	$465K	$2.2M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.175	−0.137%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.012%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.142	−0.391%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0061%	1h	13.196	+0.025%	$784K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.189	−0.031%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.183	−0.076%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.238	+0.342%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.171	−0.168%	$404K	$309K	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	13.189	−0.028%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.185	−0.065%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.177	−0.125%	$122.3M	$299.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.172	−0.160%	$84.9M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.170	−0.175%	$27.6M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.198	+0.037%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.183	−0.077%	$130.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.174	−0.145%	$36.8M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.179	−0.107%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.171	−0.168%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.173	−0.152%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.154	−0.293%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	−0.133%	$44K	$311K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.179	−0.104%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.099%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.183	−0.077%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.189	−0.029%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.203	+0.076%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.188	−0.039%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.186	−0.054%	$650K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.179	−0.105%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.193	long leg	$553K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.193	−0.001%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0180%	1h	13.190	−0.024%	$365K	$362K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.184	−0.069%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.192	−0.010%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.168	−0.194%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0428%	1h	13.180	−0.102%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0557%	1h	13.191	−0.016%	$81.5M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0598%	8h	13.202	+0.067%	$20.4M	$11.5M	50x	as long as short