Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Kalshi−0.102%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

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

Long on Kalshi Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$20 on $10k

Price spread, last 3 days (all we have)+0.159%+$16 · spread now −0.102%, 7d avg +0.074%

Together, before fees+0.364%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.176% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of +0.074%). If the spread goes back, that is −$18 on $10k: about 5.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	13.207	0	get 0.0000% / 8h	3h 12m	$465K	$2.2M	3.7x
Short	Aevo LINK-PERP	13.193	0.0104	get 0.0013% / 1h	12m 34s	$553K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Kalshi. 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 KalshibpFee AevobpOrdersPrice spread, now −0.102%Rate

Funding earned: $21.84
Price spread: −0.102% → +0.074%: −$17.63
Slippage, 4 orders: −$64.94
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$86.73
Costs to cover: 0.909%
Break-even: 34.8 days

Slippage from Kalshi: live order book, 1 min ago; Aevo: live order book, 62 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 Kalshi live order book, 1 min ago	8.61 bp	13.6 bp −$14	20.1 bp −$201	doesn't fit	doesn't fit
Sell Aevo live order book, 62 min ago	20.97 bp	32.8 bp −$33	178.8 bp −$1,788	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 −0.0091% / S +0.0167%	1h	13.188	−0.141%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.207	long leg	$465K	$2.2M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.190	−0.123%	$135K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.108%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.142	−0.493%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0061%	1h	13.196	−0.077%	$784K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.189	−0.133%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.183	−0.178%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.238	+0.239%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.184	−0.167%	$404K	$309K	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	13.188	−0.145%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.185	−0.167%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.183	−0.178%	$122.4M	$299.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.179	−0.209%	$85.0M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.181	−0.194%	$27.6M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.198	−0.065%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.183	−0.179%	$130.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.185	−0.164%	$36.8M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.188	−0.141%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.182	−0.186%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.182	−0.186%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.154	−0.395%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	−0.235%	$44K	$311K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.179	−0.206%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.201%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.189	−0.133%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.189	−0.131%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.203	−0.027%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.188	−0.141%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.186	−0.156%	$650K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.179	−0.207%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.193	−0.102%	$553K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.193	−0.103%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0180%	1h	13.190	−0.126%	$365K	$362K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.184	−0.171%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.192	−0.113%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.182	−0.189%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0428%	1h	13.180	−0.204%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0560%	1h	13.201	−0.042%	$81.5M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0598%	8h	13.202	−0.035%	$20.4M	$11.5M	50x	as long as short