Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against edgeX+0.173%72s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$870.872% of the position

Long on edgeX Short on Aevo

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)−0.038%−$4 · spread now +0.173%, 7d avg +0.033%

Together, before fees−0.044%+ Points / potential airdropedgeX: Active · farm board−$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 0.140% dearer against edgeX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.033%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.181	0.0100	pay 0.0050% / 4h	1h 40m	$44K	$307K	20x
Short	Aevo LINK-PERP	13.204	0.0104	get 0.0013% / 1h	40m 17s	$554K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now +0.173%Rate

Funding earned: $0.84
Price spread: +0.173% → +0.033%: $14.01
Slippage, 4 orders: −$62.21
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$72.36
Costs to cover: 0.872%
Break-even: 610.0 days

Slippage from edgeX: live order book, 43 min ago; Aevo: live order book, 44 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 edgeX live order book, 43 min ago	2.28 bp	6.8 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit
Sell Aevo live order book, 44 min ago	21.27 bp	35.5 bp −$35	189.7 bp −$1,897	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 −0.0090% / S +0.0167%	1h	13.205	+0.180%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.205	+0.185%	$350K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.209	+0.213%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.207	+0.200%	$721K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.205	+0.179%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.926%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.207%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.199	+0.136%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.206	+0.190%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.200	+0.141%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.200	+0.144%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.215	+0.258%	$78.0M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.205	+0.184%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.203	+0.166%	$277K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.204	+0.174%	$122.5M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.202	+0.159%	$85.1M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.204	+0.174%	$27.8M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.216	+0.265%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.204	+0.174%	$131.1M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.203	+0.166%	$36.8M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.206	+0.189%	$22.3M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.202	+0.159%	$54.9M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.205	+0.182%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.205	+0.182%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.181	long leg	$44K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.165	−0.122%	$594K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.172	−0.069%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.204	+0.174%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.201	+0.148%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.220	+0.294%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.203	+0.166%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.197	+0.117%	$649K	$898K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.200	+0.143%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.204	+0.173%	$554K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	+0.159%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0186%	1h	13.211	+0.227%	$367K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.203	+0.166%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.202	+0.161%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0452%	8h	13.211	+0.227%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.212	+0.231%	$7.0M	$8.0M	50x	as long as short