Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.030%

Price spread now: Aevo against BloFin−0.021%53s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$860.861% of the position

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.021%, 7d avg +0.003%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aevo is 0.024% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	13.183	0.0220	pay 0.0220% / 8h	1h 13m	$5.2M	$17.0M	75x
Short	Aevo LINK-PERP	13.180	0.0104	get 0.0013% / 1h	13m 34s	$553K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.021%Rate

Funding earned: −$24.36
Price spread: −0.021% → +0.003%: −$2.44
Slippage, 4 orders: −$58.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$112.94
Costs to cover: 0.861%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Aevo: live order book, 6 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 BloFin live order book, 5 min ago	1.14 bp	7.1 bp −$7	10.6 bp −$106	27.1 bp −$2,714	64.8 bp −$32.4K
Sell Aevo live order book, 6 min ago	21.65 bp	34.7 bp −$35	188.5 bp −$1,885	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	13.179	−0.027%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.196	+0.096%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.182	−0.008%	$720K	$125K	50x	as long as short
dYdX LINK-USD	+0.0003%	1h	13.167	−0.119%	$349K	$48K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.162	−0.157%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.939%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.183	−0.002%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.176	−0.053%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.163	−0.149%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.161	−0.166%	$32K	$3K	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	13.159	−0.184%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.173	−0.076%	$77.8M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.167	−0.119%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.166	−0.129%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.157	−0.197%	$122.2M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.156	−0.205%	$84.9M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.158	−0.190%	$27.7M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.177	−0.046%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.165	−0.137%	$130.5M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.159	−0.182%	$36.3M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.162	−0.159%	$22.4M	$15.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.155	−0.212%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.156	−0.205%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	+0.006%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	−0.028%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.008%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	+0.030%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.160	−0.174%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.175	−0.059%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.194	+0.080%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.176	−0.053%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.159	−0.183%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.150	−0.248%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.180	−0.021%	$553K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.192	+0.068%	$995K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0212%	1h	13.183	0.000%	$365K	$376K	15x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	13.183	long leg	$5.2M	$17.0M	75x
Reya LINKRUSDPERP	+0.0376%	1h	13.155	−0.210%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.190	+0.053%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.184	+0.005%	$7.0M	$8.1M	50x	as long as short