Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%

Price spread now: OKX against Aevo−0.056%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$950.949% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now −0.056%, 7d avg −0.024%

Together, before fees−0.152%−$15 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: OKX is 0.031% cheaper against Aevo than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.081	0.0104	pay 0.0013% / 1h	44m 45s	$549K	$2K	3x
Short	OKX LINK-USDT-SWAP	13.074	0.0100	get 0.0100% / 8h	2h 44m	$27.5M	$84.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$0.84
Price spread: −0.056% → −0.024%: −$3.14
Slippage, 4 orders: −$68.92
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$98.91
Costs to cover: 0.949%
Break-even: never at this rate

Slippage from Aevo: live order book, 44 min ago; OKX: live order book, 4 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, 44 min ago	26.09 bp	39.5 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.38 bp	8.6 bp −$9	17.3 bp −$173	37.2 bp −$3,725	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 +0.0165%	1h	13.079	−0.018%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.086	+0.033%	$456K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.079	−0.019%	$701K	$111K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.080	−0.010%	$82K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.073	−0.062%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.208%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0043%	8h	13.084	+0.017%	$3.3M	$1.5M	—	as long as short
dYdX LINK-USD	+0.0051%	1h	13.082	+0.005%	$347K	$60K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	13.071	−0.079%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.078	−0.029%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.071	−0.082%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.075	−0.044%	$397K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.082	+0.005%	$77.2M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.078	−0.025%	$1.5M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.078	−0.027%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.072	−0.071%	$120.9M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.072	−0.071%	$84.3M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	13.074	−0.056%	$27.5M	$84.6M	50x
Arcus LINK-USD	+0.0100%	1h	13.090	+0.066%	$183K	$171K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.076	−0.041%	$130.3M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.071	−0.079%	$35.6M	$56.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.076	−0.041%	$21.9M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.072	−0.071%	$54.0M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.075	−0.048%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.084	+0.021%	$362K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.086	+0.036%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.076	−0.044%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.091	+0.074%	$152K	$662K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.080	−0.010%	$80K	$63K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.074	−0.059%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.086	+0.038%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.075	−0.048%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.069	−0.095%	$639K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.070	−0.088%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.081	long leg	$549K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.082	+0.005%	$986K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.078	−0.025%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.078	−0.026%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0501%	8h	13.092	+0.082%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.087	+0.043%	$7.0M	$7.7M	50x	as long as short