Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.021%

Price spread now: Aevo against Variational Omni+0.260%7-day average +0.030% · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.260%, 7d avg +0.030%

Together, before fees−0.024%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aevo is 0.231% dearer against Variational Omni than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	13.164	0.0087	pay 0.0087% / 8h	2h 17m	$3.3M	$1.5M	—
Short	Aevo LINK-PERP	13.198	0.0104	get 0.0013% / 1h	17m 14s	$553K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.260%Rate

Funding earned: $3.47
Price spread: +0.260% → +0.030%: $23.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $10.54
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Aevo: live order book, 7 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 Variational Omni RFQ quote, 2 min ago	3.12 bp	doesn't fit	10.7 bp −$107	doesn't fit	doesn't fit
Sell Aevo live order book, 7 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 −0.0092% / S +0.0166%	1h	13.196	+0.246%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.197	+0.252%	$493K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.199	+0.270%	$718K	$122K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.196	+0.247%	$134K	—	150x	as long as short
dYdX LINK-USD	+0.0017%	1h	13.194	+0.228%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.185	+0.159%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.802%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0042%	8h	13.189	+0.192%	$135K	$1.6M	20x	as long as short
Variational Omni LINKlong	+0.0087%	8h	13.164	long leg	$3.3M	$1.5M	—
Lighter LINK	+0.0096%	1h	13.192	+0.213%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.192	+0.212%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.192	+0.214%	$401K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.210	+0.351%	$78.1M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.200	+0.277%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.192	+0.214%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.190	+0.201%	$122.2M	$301.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.183	+0.146%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.184	+0.154%	$27.9M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.205	+0.313%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.195	+0.237%	$131.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.195	+0.237%	$37.5M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.196	+0.245%	$22.1M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.192	+0.214%	$54.6M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.195	+0.237%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.167	+0.025%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.164	+0.002%	$594K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.168	+0.032%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.198	+0.260%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.190	+0.202%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.209	+0.344%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.191	+0.207%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.172	+0.064%	$648K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.192	+0.214%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.198	+0.260%	$553K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.183	+0.146%	$989K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.186	+0.169%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.190	+0.199%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.193	+0.226%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0460%	8h	13.201	+0.283%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	13.199	+0.268%	$7.0M	$7.9M	50x	as long as short