LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0332%/8h= +36.3% APRnext payment +$0.41 per $10,000 · paid last 24h +0.046%

Price spread now: dYdX against Aevo−0.042%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2352.346% of the position

Long on Aevo Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.042%, 7d avg +0.002%

Together, before fees+0.199%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.043% cheaper against Aevo than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.002%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.304% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.969	0.0104	pay 0.0013% / 1h	54m 26s	$544K	$2K	3x
Short	dYdX LINK-USD	12.964	0.0436	get 0.0054% / 1h	54m 26s	$349K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $69.64
Price spread: −0.042% → +0.002%: −$4.34
Slippage, 4 orders: −$208.58
Fee Aevo: 8 bp × 2 orders: −$16
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$169.28
Costs to cover: 2.346%
Break-even: 24.0 days

Slippage from Aevo: live order book, 57 min ago; dYdX: live order book, 57 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, 57 min ago	29.39 bp	40.5 bp −$41	226.6 bp −$2,266	doesn't fit	doesn't fit
Sell dYdX live order book, 57 min ago	47.00 bp	100.5 bp −$100	142.9 bp −$1,429	149.3 bp −$14.9K	231.1 bp −$115.5K

LINK on 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0193%	8h	12.959	−0.081%	$85K	$876K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.965	−0.033%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.976	+0.047%	$489K	$2.1M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.986	+0.131%	$115K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	12.980	+0.083%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.391%	$4K	$48K	12x	as long as short
HTX LINK-USDT	+0.0089%	8h	12.929	−0.309%	$607K	$677K	75x	as long as short
Variational Omni LINK	+0.0094%	8h	12.971	+0.013%	$3.4M	$1.8M	—	as long as short
Lighter LINK	+0.0096%	1h	12.961	−0.066%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.956	−0.101%	$31K	$600	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.959	−0.085%	$348K	$279K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.972	+0.020%	$81.6M	$25.2M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.967	−0.021%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.963	−0.051%	$275K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.960	−0.076%	$120.3M	$268.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.958	−0.088%	$83.8M	$66.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.959	−0.081%	$27.3M	$73.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.978	+0.066%	$183K	$83K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.959	−0.081%	$133.9M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.961	−0.065%	$35.6M	$54.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.963	−0.050%	$22.9M	$11.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.959	−0.081%	$54.3M	$26.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.961	−0.065%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.972	+0.020%	$335K	$352K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.985	+0.118%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.985	+0.116%	$582K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.998	+0.220%	$132K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.965	−0.034%	$83K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.983	+0.106%	$34K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.966	−0.027%	$11K	$61K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	12.954	−0.117%	$628K	$1.9M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.969	long leg	$544K	$2K	3x
Kraken Futures PF_LINKUSD	+0.0173%	1h	12.969	−0.006%	$6.5M	$7.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	13.000	+0.235%	$977K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.966	−0.027%	$5.4M	$15.3M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0259%	1h	12.975	+0.040%	$889K	$355K	50x	as long as short
Reya LINKRUSDPERP	+0.0408%	1h	12.955	−0.108%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0434%	8h	12.981	+0.089%	$20.0M	$10.2M	50x	as long as short
dYdX LINK-USDshort	+0.0436%	1h	12.964	−0.042%	$349K	$46K	10x