LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.007%

Price spread now: Aevo against Coinbase International−0.022%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$910.909% of the position

Long on Coinbase International Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.022%, 7d avg −0.010%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	13.002	0.0072	pay 0.0009% / 1h	54m 38s	$996K	$2.7M	50x
Short	Aevo LINK-PERP	12.999	0.0104	get 0.0013% / 1h	54m 38s	$545K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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 Coinbase InternationalbpFee AevobpOrdersPrice spread, now −0.022%Rate

Funding earned: $6.72
Price spread: −0.022% → −0.010%: −$1.19
Slippage, 4 orders: −$64.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$85.41
Costs to cover: 0.909%
Break-even: 96.0 days

Slippage from Coinbase International: live order book, 4 min ago; Aevo: live order book, 15 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 Coinbase International live order book, 4 min ago	3.06 bp	14.4 bp −$14	20.3 bp −$203	doesn't fit	doesn't fit
Sell Aevo live order book, 15 min ago	18.58 bp	31.0 bp −$31	166.8 bp −$1,668	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
ApeX Omni LINKUSDT	−0.0265%	1h	13.058	+0.431%	$152K	$670K	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	12.993	−0.072%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.020	+0.138%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.002	−0.002%	$772K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	12.996	−0.045%	$131K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.630%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.056	+0.418%	$3K	$86K	10x	as long as short
dYdX LINK-USD	+0.0064%	1h	12.982	−0.150%	$344K	$48K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0071%	8h	12.992	−0.077%	$128K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0072%	1h	13.002	long leg	$996K	$2.7M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LINK	+0.0096%	1h	12.991	−0.088%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.033	+0.241%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.995	−0.054%	$397K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.991	−0.088%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.988	−0.110%	$272K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.983	−0.146%	$120.7M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.971	−0.238%	$83.6M	$71.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.969	−0.254%	$27.3M	$83.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.988	−0.108%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.971	−0.238%	$128.5M	$12.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.976	−0.200%	$34.5M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.985	−0.131%	$22.5M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.973	−0.223%	$53.7M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.969	−0.254%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.004	+0.015%	$349K	$383K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.000	−0.012%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.054	+0.402%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.040	+0.292%	$587K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.998	−0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.995	−0.052%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.012	+0.075%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.996	−0.046%	$18K	$34K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.980	−0.167%	$641K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.965	−0.281%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.999	−0.022%	$545K	$2K	3x
BloFin LINK-USDT	+0.0220%	8h	12.989	−0.100%	$5.3M	$15.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.991	−0.084%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.004	+0.016%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0664%	8h	13.010	+0.062%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0785%	1h	13.004	+0.015%	$83.4M	$27.4M	10x	as long as short