LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Aevo against Lighter−0.135%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1601.602% of the position

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.135%, 7d avg +0.023%

Together, before fees+0.382%+ Points / potential airdropLighter: Season 3 · farm board+$38 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 0.158% cheaper against Lighter than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINK	12.969	0.0096	pay 0.0012% / 1h	3m 38s	$1.9M	$2.8M	10x
Short	Aevo LINK-PERP	12.952	0.0104	get 0.0013% / 1h	3m 38s	$543K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.135%Rate

Funding earned: $1.68
Price spread: −0.135% → +0.023%: −$15.79
Slippage, 4 orders: −$144.2
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$174.31
Costs to cover: 1.602%
Break-even: 733.3 days

Slippage from Lighter: live order book, 3 min ago; Aevo: live order book, 55 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 Lighter live order book, 3 min ago	1.79 bp	3.4 bp −$3	10.9 bp −$109	78.7 bp −$7,868	doesn't fit
Sell Aevo live order book, 55 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 −0.0089% / S +0.0166%	1h	12.951	−0.137%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.951	−0.138%	$521K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.947	−0.166%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.387%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	12.949	−0.154%	$117K	$1.2M	20x	as long as short
Lighter LINKlong	+0.0096%	1h	12.969	long leg	$1.9M	$2.8M	10x
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.961	−0.062%	$941K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.978	+0.070%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.970	+0.006%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.976	+0.054%	$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	−0.033%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.966	−0.021%	$275K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.977	+0.061%	$120.0M	$297.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.972	+0.023%	$83.7M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.974	+0.039%	$27.4M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.987	+0.139%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.965	−0.031%	$128.4M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.968	−0.008%	$32.8M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.965	−0.031%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.969	0.000%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.966	−0.023%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.966	−0.023%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.943	−0.199%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	−0.198%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.958	−0.086%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.944	−0.193%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.960	−0.069%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.949	−0.158%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+0.019%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.953	−0.123%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.889	−0.617%	$632K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.966	−0.025%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.952	−0.135%	$543K	$2K	3x
BloFin LINK-USDT	+0.0220%	8h	12.941	−0.216%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0229%	1h	12.956	−0.098%	$779K	$202K	50x	as long as short
Hyperliquid LINK	+0.0387%	1h	12.978	+0.069%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.952	−0.131%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.963	−0.046%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0449%	1h	12.960	−0.067%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0544%	8h	12.969	0.000%	$20.0M	$11.4M	50x	as long as short