Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against edgeX−0.234%48s7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as 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−$870.872% of the position

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)+0.368%+$37 · spread now −0.234%, 7d avg +0.033%

Together, before fees+0.363%+ Points / potential airdropedgeX: Active · farm board+$36 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 0.267% cheaper against edgeX than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.033%. The two prices were read 48 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	edgeX LINKUSDC	13.189	0.0100	pay 0.0050% / 4h	1h 19m	$44K	$308K	20x
Short	Aevo LINK-PERP	13.159	0.0104	get 0.0013% / 1h	19m 31s	$552K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now −0.234%Rate

Funding earned: $0.84
Price spread: −0.234% → +0.033%: −$26.69
Slippage, 4 orders: −$62.21
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$113.06
Costs to cover: 0.872%
Break-even: 949.2 days

Slippage from edgeX: live order book, 63 min ago; Aevo: live order book, 65 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 edgeX live order book, 63 min ago	2.28 bp	6.8 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit
Sell Aevo live order book, 65 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 −0.0090% / S +0.0167%	1h	13.168	−0.160%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.165	−0.182%	$349K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.180	−0.069%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.160	−0.224%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.168	−0.158%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.985%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.193	+0.027%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.154	−0.268%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.162	−0.208%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.157	−0.248%	$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	13.162	−0.204%	$402K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.177	−0.094%	$77.7M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.164	−0.190%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.162	−0.211%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.162	−0.208%	$122.2M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.163	−0.200%	$84.9M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.166	−0.177%	$27.7M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.177	−0.094%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.162	−0.208%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.159	−0.230%	$36.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.163	−0.200%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.165	−0.185%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.158	−0.238%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.187	−0.019%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.189	long leg	$44K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.193	+0.024%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.196	+0.050%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.170	−0.147%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.153	−0.274%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.191	+0.009%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.158	−0.238%	$5K	$37K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	−0.161%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.156	−0.254%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.159	−0.234%	$552K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.174	−0.117%	$991K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.169	−0.154%	$365K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.193	+0.027%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.166	−0.174%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.180	−0.071%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.165	−0.181%	$7.0M	$8.1M	50x	as long as short