LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0291%/8h= −31.8% APRnext payment −$0.36 per $10,000 · paid last 24h −0.053%

Price spread now: Aevo against Hyperliquid−0.071%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1671.675% of the position

Long on Hyperliquid Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.071%, 7d avg −0.080%

Together, before fees+0.040%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.080%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LINK	12.910	0.0395	pay 0.0049% / 1h	49m 38s	$80.9M	$27.4M	10x
Short	Aevo LINK-PERP	12.901	0.0104	get 0.0013% / 1h	49m 38s	$541K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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 HyperliquidbpFee AevobpOrdersPrice spread, now −0.071%Rate

Funding earned: −$61.02
Price spread: −0.071% → −0.080%: $0.88
Slippage, 4 orders: −$142.46
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$227.59
Costs to cover: 1.675%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Aevo: live order book, 9 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 Hyperliquid live order book, 4 min ago	0.39 bp	7.5 bp −$8	9.6 bp −$96	doesn't fit	doesn't fit
Sell Aevo live order book, 9 min ago	33.99 bp	48.1 bp −$48	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
GMX LINK/USD [LINK-USDC]	L −0.0090% / S +0.0167%	1h	12.898	−0.089%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.913	+0.021%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.900	−0.081%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.950%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.893	−0.132%	$116K	$1.3M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0068%	1h	12.903	−0.056%	$770K	$189K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.895	−0.115%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.904	−0.046%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.947	+0.285%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.896	−0.107%	$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	12.904	−0.046%	$390K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.887	−0.175%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.896	−0.106%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.891	−0.146%	$119.2M	$296.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.883	−0.209%	$83.3M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.881	−0.225%	$27.2M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.904	−0.046%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.892	−0.139%	$127.4M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.887	−0.178%	$31.9M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.898	−0.093%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.887	−0.178%	$53.6M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.892	−0.139%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.903	−0.052%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	+0.259%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	+0.221%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.945	+0.271%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.904	−0.046%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.895	−0.113%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.915	+0.037%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.898	−0.093%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.885	−0.194%	$631K	$703K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0103%	1h	12.903	−0.054%	$338K	$388K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.883	−0.210%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.901	−0.071%	$541K	$2K	3x
BloFin LINK-USDT	+0.0220%	8h	12.917	+0.054%	$5.2M	$15.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.894	−0.120%	$4K	—	20x	as long as short
Hyperliquid LINKlong	+0.0395%	1h	12.910	long leg	$80.9M	$27.4M	10x
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.900	−0.076%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0609%	8h	12.913	+0.023%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0770%	1h	12.896	−0.109%	$342K	$30K	10x	as long as short