Settings8H · net · $10k
Funding arb · Price arb /

LINK

all LINK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Aevo against ApeX Omni−0.113%70s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$890.888% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 3 days (all we have)+0.190%+$19 · spread now −0.113%, 7d avg −0.032%
Together, before fees+0.185%+$18 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: Aevo is 0.081% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LINKUSDT13.1580.0100pay 0.0013% / 1h18m 02s$153K$669K50x
ShortAevo LINK-PERP13.1430.0104get 0.0013% / 1h18m 02s$551K$2K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against ApeX Omni. 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

Funding earned
$0.84
Price spread: −0.113% → −0.032%
−$8.1
Slippage, 4 orders
−$62.8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$96.06
Costs to cover
0.888%
Break-even
807.5 days
Slippage from ApeX Omni: live order book, 55 min ago; Aevo: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 55 min ago4.96 bp13.1 bp −$1358.1 bp −$581doesn't fitdoesn't fit
Sell Aevo live order book, 56 min ago20.97 bp32.8 bp −$33178.8 bp −$1,788doesn't fitdoesn't fit

LINK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX LINK/USD [LINK-USDC]L −0.0091% / S +0.0167%1h13.131−0.204%$1.8M200xas long as short
Kalshi KXLINKPERP0.0000%8h13.130−0.215%$469K$2.2M3.7xas long as short
gTrade (Gains Network) LINK/USDL +0.0004% / S −0.0007%1h13.134−0.185%$133K150xas long as short
Injective LINK/USDC PERP+0.0033%1h12.400−5.761%$4K$48K12xas long as short
Phoenix LINK+0.0036%1h13.168+0.072%$4K$89K10xas long as short
Orderly PERP_LINK_USDC+0.0066%8h13.139−0.144%$133K$1.5M20xas long as short
Deribit LINK_USDC-PERPETUAL+0.0070%1h13.145−0.096%$780K$211K50xas long as short
Lighter LINK+0.0096%1h13.142−0.123%$2.0M$2.7M10xas long as short
Paradex LINK-USD-PERP+0.0099%8h13.191+0.248%$32K$2K20xas long as short
Nado LINK-PERP+0.0100%1h13.112−0.350%$402K$307K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster LINKUSDT+0.0100%8h13.137−0.157%$1.4M$3.0M50xas long as short
Pacifica LINK+0.0100%1h13.114−0.338%$275K$154K10xas long as short
Binance LINKUSDT+0.0100%8h13.151−0.057%$122.1M$300.2M75xas long as short
Bybit LINKUSDT+0.0100%8h13.148−0.076%$84.8M$71.0M75xas long as short
OKX LINK-USDT-SWAP+0.0100%8h13.149−0.068%$27.5M$84.1M50xas long as short
Arcus LINK-USD+0.0100%1h13.132−0.198%$184K$172K10xas long as short
Gate LINK_USDT+0.0100%8h13.150−0.061%$130.3M$12.4M75xas long as short
MEXC LINK_USDT+0.0100%8h13.152−0.046%$36.7M$58.9M300xas long as short
KuCoin LINKUSDTM+0.0100%8h13.153−0.038%$23.0M$14.5M75xas long as short
Bitget LINKUSDT+0.0100%8h13.148−0.076%$54.6M$30.2M75xas long as short
BingX LINK-USDT+0.0100%8h13.148−0.076%$20.8Mas long as short
Variational Omni LINK+0.0100%8h13.157−0.005%$3.4M$1.5Mas long as short
edgeX LINKUSDC+0.0100%4h13.155−0.025%$44K$310K20xas long as short
GRVT LINK_USDT_Perp+0.0100%8h13.158+0.003%$599K$2.7M10xas long as short
ApeX Omni LINKUSDTlong+0.0100%1h13.158long leg$153K$669K50x
Polymarket Perps LINK-USD+0.0100%1h13.123−0.266%$81K$69K10xas long as short
Derive LINK-PERP+0.0100%1h13.139−0.148%$16K$22K10xas long as short
SunX LINK-USDT+0.0100%8h13.123−0.264%$34K$1.5M30xas long as short
SoDEX LINK-USD+0.0100%1h13.141−0.129%$14K$32K10xas long as short
HTX LINK-USDT+0.0100%8h13.107−0.385%$645K$870K75xas long as short
Extended LINK-USD+0.0104%1h13.146−0.090%$667K$1.9M25xas long as short
Aevo LINK-PERPshort+0.0104%1h13.143−0.113%$551K$2K3x
Coinbase International LINK-PERP-INTX+0.0120%1h13.114−0.334%$999K$2.7M50xas long as short
Backpack LINK_USDC_PERP+0.0176%1h13.159+0.008%$364K$364K15xas long as short
BloFin LINK-USDT+0.0220%8h13.134−0.182%$5.2M$15.4M75xas long as short
Kraken Futures PF_LINKUSD+0.0365%1h13.159+0.006%$6.9M$8.0M50xas long as short
Reya LINKRUSDPERP+0.0382%1h13.117−0.315%$5K20xas long as short
dYdX LINK-USD+0.0422%1h13.111−0.356%$347K$48K10xas long as short
Hyperliquid LINK+0.0554%1h13.168+0.076%$81.3M$25.0M10xas long as short
Phemex LINKUSDT+0.0728%8h13.161+0.023%$20.4M$11.6M50xas long as short