LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0260%/8h= +28.5% APRnext payment +$0.33 per $10,000 · paid last 24h +0.009%

Price spread now: Kraken Futures against Aevo−0.010%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$880.878% of the position

Long on Aevo Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.010%, 7d avg +0.007%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

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	13m 11s	$553K	$2K	3x
Short	Kraken Futures PF_LINKUSD	13.192	0.0364	get 0.0046% / 1h	13m 11s	$6.9M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.010%Rate

Funding earned: $54.6
Price spread: −0.010% → +0.007%: −$1.75
Slippage, 4 orders: −$61.78
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$34.93
Costs to cover: 0.878%
Break-even: 11.5 days

Slippage from Aevo: live order book, 61 min ago; Kraken Futures: 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, 61 min ago	20.97 bp	30.8 bp −$31	164.3 bp −$1,643	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	4.17 bp	10.5 bp −$10	15.0 bp −$150	43.6 bp −$4,362	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 KXLINKPERP	0.0000%	8h	13.207	+0.102%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.190	−0.021%	$135K	—	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	13.186	−0.057%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.226	+0.247%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.184	−0.065%	$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	13.197	+0.031%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.195	+0.017%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.181	−0.092%	$122.3M	$299.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.180	−0.099%	$85.0M	$70.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.179	−0.107%	$27.6M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.206	+0.098%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.185	−0.062%	$130.6M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.185	−0.062%	$36.9M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.193	−0.001%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.183	−0.077%	$54.7M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.180	−0.099%	—	$20.9M	—	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	13.189	−0.031%	$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	13.186	−0.055%	$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_LINKUSDshort	+0.0364%	1h	13.192	−0.010%	$6.9M	$8.0M	50x
Reya LINKRUSDPERP	+0.0382%	1h	13.182	−0.087%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0437%	1h	13.193	+0.002%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0560%	1h	13.197	+0.029%	$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