Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against HTX+0.159%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1201.200% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.159%, 7d avg +0.087%

Together, before fees−0.056%−$6 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 0.072% dearer against HTX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.928	0.0100	pay 0.0100% / 8h	6h 33m	$638K	$864K	75x
Short	Aevo LINK-PERP	12.949	0.0104	get 0.0013% / 1h	33m 01s	$543K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now +0.159%Rate

Funding earned: $0.84
Price spread: +0.159% → +0.087%: $7.15
Slippage, 4 orders: −$92.02
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$112.03
Costs to cover: 1.200%
Break-even: 940.6 days

Slippage from HTX: live order book, 36 min ago; Aevo: live order book, 36 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 HTX live order book, 36 min ago	20.97 bp	28.1 bp −$28	85.3 bp −$853	doesn't fit	doesn't fit
Sell Aevo live order book, 36 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	12.946	+0.137%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.953	+0.188%	$472K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.944	+0.122%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.087%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.978	+0.384%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	12.942	+0.105%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.958	+0.229%	$953K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.941	+0.096%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.986	+0.446%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.945	+0.126%	$394K	$322K	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	12.951	+0.173%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.942	+0.102%	$274K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.951	+0.173%	$118.9M	$306.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.949	+0.159%	$83.5M	$72.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.958	+0.229%	$27.2M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.955	+0.206%	$181K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.944	+0.121%	$127.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.942	+0.105%	$33.5M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.947	+0.144%	$22.5M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.946	+0.136%	$53.9M	$31.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.942	+0.105%	—	$23.0M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.950	+0.167%	$337K	$394K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.955	+0.210%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.955	+0.204%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.962	+0.258%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.958	+0.229%	$133K	$684K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.948	+0.152%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.942	+0.102%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.958	+0.231%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.945	+0.128%	$14K	$44K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.928	long leg	$638K	$864K	75x
Extended LINK-USD	+0.0104%	1h	12.941	+0.098%	$658K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.949	+0.159%	$543K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0175%	1h	12.950	+0.167%	$769K	$212K	50x	as long as short
dYdX LINK-USD	+0.0281%	1h	12.940	+0.090%	$343K	$48K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.942	+0.104%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0391%	1h	12.956	+0.213%	$79.4M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	12.949	+0.157%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0665%	8h	12.959	+0.237%	$20.0M	$11.5M	50x	as long as short