Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.010%

Price spread now: Aevo against Gate−0.015%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1831.828% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.015%, 7d avg +0.019%

Together, before fees+0.314%+$31 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 0.034% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	12.960	0.0100	pay 0.0100% / 8h	4h 55m	$128.1M	$12.7M	75x
Short	Aevo LINK-PERP	12.958	0.0104	get 0.0013% / 1h	55m 54s	$543K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.015%Rate

Funding earned: $0.84
Price spread: −0.015% → +0.019%: −$3.44
Slippage, 4 orders: −$151.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$185.42
Costs to cover: 1.828%
Break-even: 1552.2 days

Slippage from Gate: live order book, 3 min ago; Aevo: live order book, 3 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 Gate live order book, 3 min ago	1.93 bp	17.7 bp −$18	23.8 bp −$238	33.9 bp −$3,385	76.4 bp −$38.2K
Sell Aevo live order book, 3 min ago	33.99 bp	48.1 bp −$48	doesn't fit	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	12.961	+0.005%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.964	+0.028%	$487K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.961	+0.008%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.321%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.960	0.000%	$117K	$1.4M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.963	+0.021%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.968	+0.062%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0098%	1h	12.920	−0.310%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.962	+0.013%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.963	+0.023%	$392K	$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	12.965	+0.041%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.959	−0.007%	$273K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.961	+0.011%	$119.9M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.957	−0.023%	$83.7M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.957	−0.023%	$27.4M	$81.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.972	+0.093%	$181K	$165K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	12.960	long leg	$128.1M	$12.7M	75x
MEXC LINK_USDT	+0.0100%	8h	12.948	−0.093%	$32.3M	$55.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.956	−0.031%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.952	−0.062%	$53.8M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.965	+0.039%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.956	−0.028%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	−0.134%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.947	−0.097%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.945	−0.116%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.974	+0.108%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.961	+0.007%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.988	+0.212%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.963	+0.023%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.943	−0.131%	$634K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.951	−0.072%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.958	−0.015%	$543K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0151%	1h	12.969	+0.068%	$774K	$184K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0170%	1h	12.973	+0.100%	$340K	$389K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.922	−0.293%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.966	+0.047%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.965	+0.041%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0459%	1h	12.979	+0.147%	$81.6M	$27.3M	10x	as long as short
Phemex LINKUSDT	+0.0607%	8h	12.978	+0.139%	$20.0M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0861%	1h	12.957	−0.021%	$343K	$30K	10x	as long as short