Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against BingX+0.054%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on BingX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.054%, 7d avg +0.023%

Together, before fees+0.035%+$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: Aevo is 0.031% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDC	13.157	0.0100	pay 0.0100% / 8h	7h 21m	—	$6.6M	—
Short	Aevo LINK-PERP	13.164	0.0104	get 0.0013% / 1h	21m 05s	$552K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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 BingXbpFee AevobpOrdersPrice spread, now +0.054%Rate

Funding earned: $0.84
Price spread: +0.054% → +0.023%: $3.08
Slippage, 4 orders: −$56.86
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$78.94
Costs to cover: 0.829%
Break-even: 664.9 days

Slippage from BingX: live order book, 16 min ago; Aevo: live order book, 53 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 BingX live order book, 16 min ago	0.76 bp	8.8 bp −$9	18.9 bp −$189	81.6 bp −$8,157	409.3 bp −$204.6K
Sell Aevo live order book, 53 min ago	20.97 bp	32.8 bp −$33	178.8 bp −$1,788	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	13.162	+0.035%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.166	+0.068%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.161	+0.032%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.754%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.193	+0.274%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.160	+0.023%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.163	+0.046%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.215	+0.440%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.156	−0.008%	$404K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.161	+0.028%	$1.4M	$3.0M	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	13.156	−0.006%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.159	+0.015%	$122.3M	$301.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.159	+0.015%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.165	+0.061%	$27.6M	$84.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.174	+0.129%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.158	+0.008%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.157	0.000%	$36.9M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.167	+0.076%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.167	+0.076%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	13.157	long leg	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.157	+0.003%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.172	+0.111%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.202	+0.342%	$601K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.176	+0.144%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.162	+0.038%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.160	+0.022%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.176	+0.143%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.163	+0.046%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.145	−0.089%	$647K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.161	+0.030%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.164	+0.054%	$552K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0115%	1h	13.169	+0.094%	$782K	$211K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.162	+0.038%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.169	+0.091%	$366K	$365K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	+0.061%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	+0.116%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.158	+0.008%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0439%	1h	13.153	−0.028%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0563%	1h	13.175	+0.137%	$81.4M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0635%	8h	13.179	+0.167%	$20.4M	$11.6M	50x	as long as short