LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0197%/8h= −21.6% APRnext payment −$0.25 per $10,000 · paid last 24h −0.024%

Price spread now: Aevo against dYdX+0.073%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$220as in the Price arb table

costs, in and out, $10k−$2272.273% of the position

Long on dYdX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.253%−$25 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.073%, 7d avg +0.002%

Together, before fees−0.253%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.071% dearer against dYdX than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.002%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	12.962	0.0301	pay 0.0038% / 1h	30m 28s	$343K	$45K	10x
Short	Aevo LINK-PERP	12.971	0.0104	get 0.0013% / 1h	30m 28s	$544K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against dYdX. 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 dYdXbpFee AevobpOrdersPrice spread, now +0.073%Rate

Funding earned: −$41.39
Price spread: +0.073% → +0.002%: $7.08
Slippage, 4 orders: −$201.26
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$261.56
Costs to cover: 2.273%
Break-even: never at this rate

Slippage from dYdX: live order book, 39 min ago; Aevo: live order book, 39 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 dYdX live order book, 39 min ago	46.74 bp	51.7 bp −$52	54.4 bp −$544	60.9 bp −$6,088	282.5 bp −$141.3K
Sell Aevo live order book, 39 min ago	18.58 bp	31.0 bp −$31	166.8 bp −$1,668	doesn't fit	doesn't fit

LINK on 39 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 −0.0090% / S +0.0167%	1h	12.962	−0.003%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.965	+0.027%	$471K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.961	−0.011%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.335%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.978	+0.124%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	12.959	−0.023%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.951	−0.085%	$952K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.963	+0.008%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.005	+0.336%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.975	+0.097%	$394K	$317K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.965	+0.027%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.968	+0.048%	$275K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.975	+0.104%	$119.2M	$304.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.971	+0.070%	$83.7M	$72.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.977	+0.116%	$27.3M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.986	+0.185%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.968	+0.047%	$128.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.972	+0.077%	$33.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.973	+0.085%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.976	+0.108%	$54.0M	$30.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.970	+0.062%	—	$23.0M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.969	+0.054%	$337K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	−0.073%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.955	−0.056%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	−0.145%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.958	−0.031%	$133K	$684K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.980	+0.139%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.959	−0.022%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.974	+0.094%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.961	−0.007%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.950	−0.090%	$639K	$864K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.967	+0.040%	$658K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.971	+0.073%	$544K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0221%	1h	12.967	+0.039%	$770K	$212K	50x	as long as short
dYdX LINK-USDlong	+0.0301%	1h	12.962	long leg	$343K	$45K	10x
Reya LINKRUSDPERP	+0.0384%	1h	12.975	+0.098%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0393%	1h	12.977	+0.116%	$79.6M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.965	+0.026%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0636%	8h	12.978	+0.124%	$20.0M	$11.5M	50x	as long as short