Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0004%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Aevo against Arcus−0.031%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on Arcus Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.031%, 7d avg −0.056%

Together, before fees+0.055%+$5 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: Aevo is 0.025% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	13.018	0.0100	pay 0.0013% / 1h	6m 31s	$196K	$153K	10x
Short	Aevo LINK-PERP	13.014	0.0104	get 0.0013% / 1h	6m 31s	$547K	$340	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Arcus. 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 ArcusbpFee AevobpOrdersPrice spread, now −0.031%Rate

Funding earned: $0.84
Price spread: −0.031% → −0.056%: $2.51
Slippage, 4 orders: −$85.66
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$102.81
Costs to cover: 1.062%
Break-even: 863.8 days

Slippage from Arcus: live order book, 26 min ago; Aevo: live order book, 27 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 Arcus live order book, 26 min ago	5.77 bp	21.6 bp −$22	44.4 bp −$444	doesn't fit	doesn't fit
Sell Aevo live order book, 27 min ago	24.66 bp	40.0 bp −$40	225.4 bp −$2,254	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 −0.0091% / S +0.0165%	1h	13.015	−0.025%	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0077%	8h	13.000	−0.135%	$3.2M	$1.2M	—	as long as short
Phoenix LINK	−0.0019%	1h	13.003	−0.117%	$9K	$78K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.014	−0.035%	$345K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.024	+0.045%	$473K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.016	−0.014%	$691K	$107K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	13.015	−0.022%	$118K	—	150x	as long as short
Coinbase International LINK-PERP-INTX	+0.0008%	1h	13.016	−0.015%	$990K	$2.7M	50x	as long as short
Bybit LINKUSDT	+0.0012%	8h	13.000	−0.138%	$83.5M	$65.0M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0018%	1h	13.015	−0.026%	$6.1M	$6.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.747%	$4K	$48K	12x	as long as short
OKX LINK-USDT-SWAP	+0.0036%	8h	13.000	−0.138%	$27.0M	$81.2M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	13.015	−0.023%	$150K	$1.6M	20x	as long as short
HTX LINK-USDT	+0.0092%	8h	12.992	−0.199%	$631K	$887K	75x	as long as short
Lighter LINK	+0.0096%	1h	13.006	−0.091%	$2.0M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.999	−0.148%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.010	−0.061%	$391K	$291K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.011	−0.054%	$76.0M	$21.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.008	−0.080%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.004	−0.104%	$272K	$162K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.002	−0.122%	$119.2M	$289.9M	75x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.018	long leg	$196K	$153K	10x
Gate LINK_USDT	+0.0100%	8h	13.005	−0.100%	$130.2M	$12.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.000	−0.138%	$34.9M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.006	−0.092%	$21.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.998	−0.154%	$54.0M	$29.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.999	−0.146%	—	$21.4M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.020	+0.015%	$354K	$361K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.011	−0.053%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.003	−0.114%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.014	−0.031%	$132K	$650K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.004	−0.108%	$78K	$58K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.009	−0.072%	$24K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.020	+0.017%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.008	−0.077%	$5K	$39K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	12.997	−0.158%	$635K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.014	−0.031%	$547K	$340	3x
BloFin LINK-USDT	+0.0220%	8h	13.010	−0.061%	$5.2M	$13.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0369%	1h	12.998	−0.151%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.029	+0.084%	$20.2M	$11.3M	50x	as long as short