Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.013%

Price spread now: Aevo against Bybit+0.040%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.040%, 7d avg +0.036%

Together, before fees+0.149%+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.107	0.0100	pay 0.0100% / 8h	9m 19s	$84.5M	$71.2M	75x
Short	Aevo LINK-PERP	13.112	0.0104	get 0.0013% / 1h	9m 19s	$550K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.040%Rate

Funding earned: $0.84
Price spread: +0.040% → +0.036%: $0.45
Slippage, 4 orders: −$50.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$76.52
Costs to cover: 0.778%
Break-even: 644.6 days

Slippage from Bybit: live order book, 5 min ago; Aevo: live order book, 5 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 Bybit live order book, 5 min ago	0.38 bp	7.7 bp −$8	12.8 bp −$128	32.0 bp −$3,204	doesn't fit
Sell Aevo live order book, 5 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	13.111	+0.030%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.114	+0.056%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.115	+0.059%	$726K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.110	+0.020%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.108	+0.011%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.394%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.109	+0.015%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.107	−0.002%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.100	−0.054%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.100	−0.050%	$400K	$310K	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	13.108	+0.010%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.108	+0.009%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.109	+0.015%	$121.8M	$305.0M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.107	long leg	$84.5M	$71.2M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.106	−0.008%	$27.6M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.116	+0.069%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.106	−0.008%	$130.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.111	+0.031%	$36.1M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.106	−0.008%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.107	0.000%	$54.5M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.111	+0.031%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.083	−0.186%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.101	−0.049%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.087	−0.153%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	−0.008%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.111	+0.031%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.106	−0.010%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.124	+0.129%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.111	+0.031%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.100	−0.051%	$645K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.097	−0.077%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.112	+0.040%	$550K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.116	+0.069%	$994K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0212%	1h	13.119	+0.092%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.088	−0.145%	$5.2M	$16.8M	75x	as long as short
Hyperliquid LINK	+0.0295%	1h	13.122	+0.114%	$77.8M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.105	−0.017%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.119	+0.088%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0484%	8h	13.125	+0.137%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0530%	1h	13.105	−0.016%	$347K	$48K	10x	as long as short