Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.008%

Price spread now: Aevo against Paradex+0.102%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.102% dearer against Paradex than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	12.921	0.0100	pay 0.0100% / 8h	3h 12m	$31K	$2K	20x
Short	Aevo LINK-PERP	12.935	0.0104	get 0.0013% / 1h	12m 21s	$542K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now +0.102%Rate

Funding earned: $0.84
Price spread: +0.102% → 0.000%: $10.2
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.96
Costs to cover: 0.200%
Break-even: 81.6 days

Slippage unknown: Paradex: no order-book sample; Aevo: live order book, 42 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo live order book, 42 min ago	26.89 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	12.914	−0.058%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.940	+0.147%	$491K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.915	−0.046%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.035%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.915	−0.050%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.950	+0.224%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.926	+0.038%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	12.921	long leg	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.925	+0.028%	$390K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.920	−0.014%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.929	+0.059%	$277K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.916	−0.042%	$119.9M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.912	−0.073%	$83.4M	$73.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.915	−0.050%	$27.3M	$80.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.941	+0.152%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.919	−0.019%	$128.0M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.917	−0.034%	$33.1M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.923	+0.012%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.917	−0.034%	$53.8M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.914	−0.057%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.938	+0.128%	$339K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.933	+0.092%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.942	+0.163%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	+0.136%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.962	+0.314%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.924	+0.020%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.929	+0.061%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.948	+0.203%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.934	+0.097%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.910	−0.091%	$633K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.919	−0.022%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.935	+0.102%	$542K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.953	+0.244%	$924K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0106%	1h	12.939	+0.136%	$785K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.937	+0.121%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.937	+0.121%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0305%	1h	12.931	+0.074%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.914	−0.057%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0560%	8h	12.950	+0.221%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0841%	1h	12.933	+0.090%	$344K	$32K	10x	as long as short