Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%

Price spread now: Aevo against MEXC+0.021%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on MEXC Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now +0.021%, 7d avg +0.007%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	13.162	0.0100	pay 0.0100% / 8h	1h 53m	$36.7M	$55.8M	300x
Short	Aevo LINK-PERP	13.165	0.0104	get 0.0013% / 1h	53m 44s	$552K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now +0.021%Rate

Funding earned: $0.84
Price spread: +0.021% → +0.007%: $1.4
Slippage, 4 orders: −$58.82
Fee MEXC: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$72.58
Costs to cover: 0.748%
Break-even: 611.8 days

Slippage from MEXC: live order book, 5 min ago; Aevo: live order book, 30 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 MEXC live order book, 5 min ago	0.38 bp	0.6 bp −$1	4.1 bp −$41	27.0 bp −$2,700	45.7 bp −$22.8K
Sell Aevo live order book, 30 min ago	21.27 bp	35.5 bp −$35	189.7 bp −$1,897	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	13.164	+0.016%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.162	+0.003%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.176	+0.105%	$471K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.164	+0.015%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.165	+0.021%	$133K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.128	−0.260%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.789%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.161	−0.008%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.164	+0.017%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.159	−0.025%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.180	+0.139%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.173	+0.084%	$77.6M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.168	+0.042%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.164	+0.012%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.159	−0.023%	$122.0M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.160	−0.015%	$84.8M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.160	−0.015%	$27.7M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.171	+0.068%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.161	−0.008%	$130.6M	$12.5M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.162	long leg	$36.7M	$55.8M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.164	+0.015%	$22.3M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.157	−0.038%	$54.6M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.158	−0.030%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.148	−0.103%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.127	−0.265%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	−0.198%	$589K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.129	−0.251%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.174	+0.091%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.160	−0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.190	+0.216%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.160	−0.015%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.161	−0.011%	$647K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.153	−0.071%	$667K	$1.8M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.165	+0.021%	$552K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.190	+0.213%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0207%	1h	13.162	0.000%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.174	+0.091%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.168	+0.047%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0475%	8h	13.172	+0.076%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.164	+0.016%	$6.9M	$8.0M	50x	as long as short