LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0421%/8h= +46.1% APRnext payment +$0.53 per $10,000 · paid last 24h −0.031%

Price spread now: Deribit against Aevo+0.025%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.232%−$23 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.025%, 7d avg −0.007%

Together, before fees−0.289%−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.032% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.232%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.232% in total (about -12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.039	0.0104	pay 0.0013% / 1h	3m 02s	$547K	$2K	3x
Short	Deribit LINK_USDC-PERPETUAL	13.042	0.0525	get 0.0066% / 1h	3m 02s	$775K	$212K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.025%Rate

Funding earned: $88.41
Price spread: +0.025% → −0.007%: $3.2
Slippage, 4 orders: −$64.67
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $3.94
Costs to cover: 0.877%
Break-even: 6.7 days

Slippage from Aevo: live order book, 1 min ago; Deribit: live order book, 1 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, 1 min ago	19.56 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	4.60 bp	9.6 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit

LINK on 39 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	13.029	−0.077%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.049	+0.074%	$470K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.031	−0.060%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.900%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.036	−0.026%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.036	−0.022%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.033	−0.045%	$953K	$2.6M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.040	+0.008%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.035	−0.033%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.034	−0.041%	$396K	$318K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.041	+0.014%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.036	−0.022%	$276K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.025	−0.103%	$119.8M	$298.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.020	−0.145%	$84.2M	$71.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.021	−0.137%	$27.5M	$82.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.047	+0.062%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.039	+0.001%	$128.6M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.028	−0.084%	$33.1M	$59.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.032	−0.053%	$23.1M	$13.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.021	−0.137%	$54.1M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.024	−0.114%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	−0.389%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.974	−0.498%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.003	−0.275%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.976	−0.482%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.042	+0.024%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.037	−0.017%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.047	+0.062%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.039	+0.001%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.957	−0.626%	$639K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.035	−0.028%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.039	long leg	$547K	$2K	3x
Backpack LINK_USDC_PERP	+0.0145%	1h	13.032	−0.053%	$339K	$377K	15x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.030	−0.068%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0418%	1h	13.033	−0.042%	$345K	$31K	10x	as long as short
Hyperliquid LINK	+0.0481%	1h	13.042	+0.027%	$81.3M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.046	+0.053%	$6.8M	$8.0M	50x	as long as short
Deribit LINK_USDC-PERPETUALshort	+0.0525%	1h	13.042	+0.025%	$775K	$212K	50x
Phemex LINKUSDT	+0.0606%	8h	13.046	+0.054%	$20.1M	$11.6M	50x	as long as short