Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against KuCoin−0.029%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$970.966% of the position

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.029%, 7d avg +0.012%

Together, before fees+0.325%+$33 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 0.041% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.990	0.0100	pay 0.0100% / 8h	5h 40m	$23.0M	$13.6M	75x
Short	Aevo LINK-PERP	12.986	0.0104	get 0.0013% / 1h	40m 13s	$545K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.029%Rate

Funding earned: $0.84
Price spread: −0.029% → +0.012%: −$4.12
Slippage, 4 orders: −$68.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$99.92
Costs to cover: 0.966%
Break-even: 839.6 days

Slippage from KuCoin: live order book, 4 min ago; Aevo: live order book, 24 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 KuCoin live order book, 4 min ago	1.15 bp	13.1 bp −$13	23.0 bp −$230	60.4 bp −$6,044	doesn't fit
Sell Aevo live order book, 24 min ago	19.56 bp	36.9 bp −$37	178.2 bp −$1,782	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	12.982	−0.063%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.989	−0.008%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.984	−0.044%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.542%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.977	−0.100%	$937K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.981	−0.069%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.984	−0.046%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.983	−0.055%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.991	+0.004%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.989	−0.004%	$395K	$315K	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	12.989	−0.008%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.987	−0.025%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.983	−0.053%	$119.7M	$296.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.980	−0.077%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.982	−0.062%	$27.4M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.003	+0.100%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.982	−0.062%	$128.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.981	−0.069%	$32.0M	$56.9M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.990	long leg	$23.0M	$13.6M	75x
Bitget LINKUSDT	+0.0100%	8h	12.979	−0.085%	$54.0M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.983	−0.054%	—	$22.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.146%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.006	+0.122%	$43K	$304K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.159%	$583K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.011	+0.162%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.994	+0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.983	−0.054%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.007	+0.130%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.984	−0.046%	$14K	$49K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.968	−0.166%	$640K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.979	−0.086%	$692K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.986	−0.029%	$545K	$2K	3x
Backpack LINK_USDC_PERP	+0.0105%	1h	12.988	−0.015%	$339K	$378K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0151%	1h	12.989	−0.012%	$771K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.979	−0.085%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.984	−0.044%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0408%	1h	12.983	−0.055%	$344K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.984	−0.043%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0615%	8h	13.001	+0.085%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0676%	1h	12.999	+0.069%	$81.2M	$27.1M	10x	as long as short