Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.030%

Price spread now: BloFin against Aevo−0.013%53s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$920.921% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.178%+$18 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now −0.013%, 7d avg −0.003%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.125	0.0104	pay 0.0013% / 1h	4m 04s	$550K	$2K	3x
Short	BloFin LINK-USDT	13.123	0.0220	get 0.0220% / 8h	2h 04m	$5.2M	$16.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now −0.013%Rate

Funding earned: $24.36
Price spread: −0.013% → −0.003%: −$1.03
Slippage, 4 orders: −$64.13
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$68.79
Costs to cover: 0.921%
Break-even: 26.8 days

Slippage from Aevo: live order book, 20 min ago; BloFin: live order book, 5 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 Aevo live order book, 20 min ago	21.27 bp	38.1 bp −$38	191.7 bp −$1,917	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.76 bp	11.2 bp −$11	14.7 bp −$147	24.1 bp −$2,412	63.0 bp −$31.5K

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	13.119	−0.045%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.124	−0.008%	$469K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.127	+0.014%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.120	−0.040%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0013%	1h	13.117	−0.061%	$347K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.136	+0.088%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.522%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.121	−0.029%	$133K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.129	+0.032%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.115	−0.075%	$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	13.117	−0.059%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.139	+0.109%	$77.4M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.126	+0.013%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.118	−0.051%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.131	+0.044%	$121.6M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.126	+0.010%	$84.5M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.128	+0.025%	$27.6M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.135	+0.078%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.124	−0.006%	$130.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.126	+0.010%	$36.5M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.128	+0.025%	$22.2M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.127	+0.017%	$54.3M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.127	+0.017%	—	$21.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.121	−0.029%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.147	+0.168%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	+0.154%	$596K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.145	+0.154%	$153K	$666K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.122	−0.021%	$80K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.118	−0.049%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.135	+0.075%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.126	+0.010%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.100	−0.192%	$644K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.121	−0.028%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.125	long leg	$550K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.126	+0.010%	$988K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0108%	1h	13.137	+0.093%	$366K	$374K	15x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.123	−0.013%	$5.2M	$16.9M	75x
Reya LINKRUSDPERP	+0.0374%	1h	13.117	−0.059%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0477%	8h	13.134	+0.070%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.135	+0.074%	$6.9M	$8.0M	50x	as long as short