Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.013%

Price spread now: Aevo against Bybit+0.044%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)+0.087%+$9 · spread now +0.044%, 7d avg +0.033%

Together, before fees+0.190%+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.149	0.0100	pay 0.0100% / 8h	2h 11m	$84.7M	$69.8M	75x
Short	Aevo LINK-PERP	13.155	0.0104	get 0.0013% / 1h	11m 56s	$552K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.044%Rate

Funding earned: $0.84
Price spread: +0.044% → +0.033%: $1.02
Slippage, 4 orders: −$64.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$89.36
Costs to cover: 0.912%
Break-even: 751.7 days

Slippage from Bybit: live order book, 7 min ago; Aevo: live order book, 12 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 Bybit live order book, 7 min ago	0.38 bp	9.9 bp −$10	15.8 bp −$158	39.0 bp −$3,902	doesn't fit
Sell Aevo live order book, 12 min ago	21.27 bp	35.5 bp −$35	189.7 bp −$1,897	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 −0.0092% / S +0.0167%	1h	13.153	+0.030%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.155	+0.045%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.156	+0.053%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.153	+0.029%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0015%	1h	13.152	+0.026%	$348K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.185	+0.272%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.696%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.149	0.000%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.156	+0.052%	$2.1M	$2.4M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	13.185	+0.273%	$3.3M	$1.5M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.150	+0.011%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.142	−0.053%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.161	+0.091%	$77.6M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.155	+0.045%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.153	+0.032%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.150	+0.011%	$122.1M	$302.0M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.149	long leg	$84.7M	$69.8M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.148	−0.008%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.168	+0.144%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.150	+0.008%	$130.5M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.151	+0.015%	$36.8M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.156	+0.053%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.148	−0.008%	$54.5M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.151	+0.015%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.182	+0.252%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.187	+0.289%	$595K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.184	+0.266%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.156	+0.053%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.148	−0.005%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.165	+0.121%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.150	+0.008%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.137	−0.092%	$646K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.147	−0.017%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.155	+0.044%	$552K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.161	+0.091%	$990K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0114%	1h	13.161	+0.091%	$366K	$373K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.143	−0.046%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.150	+0.007%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.167	+0.137%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.160	+0.087%	$6.9M	$7.9M	50x	as long as short