LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0284%/8h= +31.1% APRnext payment +$0.36 per $10,000 · paid last 24h +0.053%

Price spread now: Hyperliquid against Aevo+0.069%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1671.675% of the position

Long on Aevo Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.069%, 7d avg +0.080%

Together, before fees−0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 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	12.889	0.0104	pay 0.0013% / 1h	49m 25s	$541K	$2K	3x
Short	Hyperliquid LINK	12.898	0.0388	get 0.0049% / 1h	49m 25s	$80.8M	$27.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.069%Rate

Funding earned: $59.67
Price spread: +0.069% → +0.080%: −$1.1
Slippage, 4 orders: −$142.46
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$108.89
Costs to cover: 1.675%
Break-even: 19.8 days

Slippage from Aevo: live order book, 10 min ago; Hyperliquid: live order book, 4 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, 10 min ago	33.99 bp	105.1 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.39 bp	6.7 bp −$7	10.7 bp −$107	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 −0.0090% / S +0.0167%	1h	12.883	−0.044%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.913	+0.183%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.883	−0.044%	$158K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0022%	1h	12.889	+0.002%	$769K	$189K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.795%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.880	−0.071%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.895	+0.047%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.904	+0.115%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.925	+0.278%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.896	+0.055%	$31K	$2K	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	12.893	+0.026%	$390K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.884	−0.037%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.896	+0.056%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.883	−0.045%	$119.1M	$296.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.881	−0.063%	$83.2M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.881	−0.063%	$27.2M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.904	+0.115%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.883	−0.048%	$127.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.884	−0.040%	$32.0M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.889	−0.001%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.881	−0.063%	$53.5M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.881	−0.063%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.903	+0.109%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	+0.421%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	+0.383%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	+0.193%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.889	−0.001%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.881	−0.063%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.900	+0.083%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.898	+0.069%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.885	−0.032%	$631K	$703K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0103%	1h	12.903	+0.107%	$338K	$388K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.879	−0.082%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.889	long leg	$541K	$2K	3x
BloFin LINK-USDT	+0.0220%	8h	12.917	+0.216%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINKshort	+0.0388%	1h	12.898	+0.069%	$80.8M	$27.4M	10x
Reya LINKRUSDPERP	+0.0389%	1h	12.878	−0.083%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.887	−0.015%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0609%	8h	12.913	+0.185%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0770%	1h	12.896	+0.052%	$342K	$30K	10x	as long as short