Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: HTX against Aevo−0.240%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1211.207% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.240%, 7d avg −0.087%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.153% cheaper against Aevo than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.865	0.0104	pay 0.0013% / 1h	45m 26s	$539K	$2K	3x
Short	HTX LINK-USDT	12.834	0.0100	get 0.0100% / 8h	1h 45m	$629K	$786K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.240%Rate

Funding earned: −$0.84
Price spread: −0.240% → −0.087%: −$15.32
Slippage, 4 orders: −$92.69
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$136.85
Costs to cover: 1.207%
Break-even: never at this rate

Slippage from Aevo: live order book, 64 min ago; HTX: live order book, 63 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, 64 min ago	16.63 bp	29.1 bp −$29	166.3 bp −$1,663	doesn't fit	doesn't fit
Sell HTX live order book, 63 min ago	17.45 bp	32.1 bp −$32	221.2 bp −$2,212	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 −0.0089% / S +0.0166%	1h	12.892	+0.208%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.871	+0.045%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.892	+0.206%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0006%	8h	12.858	−0.056%	$94K	$1.1M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.616%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.874	+0.069%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.858	−0.052%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.854	−0.087%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.881	+0.127%	$349K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.890	+0.193%	$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	12.859	−0.049%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.891	+0.201%	$118.9M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.882	+0.131%	$83.1M	$74.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.884	+0.146%	$26.9M	$81.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.880	+0.115%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.856	−0.071%	$123.7M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.889	+0.185%	$34.3M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.883	+0.139%	$22.7M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.885	+0.154%	$53.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.892	+0.209%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.854	−0.085%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.877	+0.093%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.870	+0.038%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.881	+0.123%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.894	+0.224%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.862	−0.025%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.876	+0.085%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.866	+0.007%	$10K	$61K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.834	−0.240%	$629K	$786K	75x
Extended LINK-USD	+0.0104%	1h	12.859	−0.051%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.865	long leg	$539K	$2K	3x
Backpack LINK_USDC_PERP	+0.0113%	1h	12.870	+0.038%	$335K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.893	+0.216%	$931K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0170%	1h	12.868	+0.024%	$805K	$261K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0194%	1h	12.865	+0.001%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.878	+0.100%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0326%	1h	12.901	+0.279%	$80.4M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.886	+0.158%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0575%	8h	12.879	+0.108%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0843%	1h	12.864	−0.010%	$343K	$33K	10x	as long as short