LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.029%

Price spread now: Aevo against gTrade (Gains Network)+0.233%63s7-day average +0.005% · you sell dearer than you buy

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

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

costs, in and out, $10k−$5565.559% of the position

Long on gTrade (Gains Network)Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.105%+$11 on $10k

Price spread, last 4 days (all we have)−0.296%−$30 · spread now +0.233%, 7d avg +0.005%

Together, before fees−0.191%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.228% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 63 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	gTrade (Gains Network) LINK/USD	12.867	L +0.0004% / S −0.0002%	pay 0.0000% / 1h	24m 13s	$106K	—	150x
Short	Aevo LINK-PERP	12.897	0.0104	get 0.0013% / 1h	24m 13s	$541K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AevobpOrdersPrice spread, now +0.233%Rate

Funding earned: $21.01
Price spread: +0.233% → +0.005%: $22.79
Slippage, 4 orders: −$529.93
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$512.14
Costs to cover: 5.559%
Break-even: 177.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; Aevo: live order book, 10 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago	130.03 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell Aevo live order book, 10 min ago	128.19 bp	136.2 bp −$136	doesn't fit	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
Orderly PERP_LINK_USDC	−0.0121%	8h	12.891	+0.183%	$90K	$932K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.895	+0.214%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.888	+0.157%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0002%	1h	12.867	long leg	$106K	—	150x
Bybit LINKUSDT	+0.0033%	8h	12.894	+0.206%	$83.4M	$72.4M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.633%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.896	+0.222%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.845	−0.177%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.895	+0.213%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.879	+0.091%	$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	12.877	+0.070%	$347K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.892	+0.190%	$80.5M	$27.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.890	+0.176%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.875	+0.058%	$274K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.896	+0.221%	$119.0M	$294.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.897	+0.229%	$27.1M	$79.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.895	+0.214%	$180K	$100K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.888	+0.159%	$133.8M	$17.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.887	+0.152%	$35.3M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.891	+0.183%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.892	+0.190%	$53.8M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.894	+0.206%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.874	+0.051%	$334K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.835	−0.253%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.843	−0.194%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.845	−0.178%	$587K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.850	−0.136%	$131K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.893	+0.198%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.822	−0.352%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.909	+0.323%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.894	+0.206%	$10K	$58K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.865	−0.023%	$629K	$698K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.891	+0.183%	$614K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.897	+0.233%	$541K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.894	+0.206%	$927K	$3.2M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0215%	1h	12.905	+0.294%	$807K	$266K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.870	+0.019%	$5.3M	$15.8M	75x	as long as short
Phemex LINKUSDT	+0.0373%	8h	12.909	+0.323%	$19.9M	$11.4M	50x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.890	+0.174%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.1327%	1h	12.868	+0.003%	$346K	$49K	10x	as long as short