Settings8H · net · $10k
Funding arb · Price arb /

LINK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.021%
Price spread now: Aevo against Injective+4.551%59s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.952%−$95 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 4.551% dearer against Injective than usual: you sell high and buy low: +$455 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.952%, so the current rate has only just turned in your favour. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective LINK/USDC PERP12.4000.0033pay 0.0004% / 1h11m 53s$4K$48K12x
ShortAevo LINK-PERP12.9640.0104get 0.0013% / 1h11m 53s$544K$2K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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

Funding earned
$14.84
Price spread: +4.551% → 0.000%
$455.07
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aevo: 8 bp × 2 orders
−$16
Net
$453.89
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Aevo: live order book, 37 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Aevo live order book, 37 min ago16.63 bp29.7 bp −$30154.5 bp −$1,545doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX LINK/USD [LINK-USDC]L −0.0089% / S +0.0166%1h12.958+4.497%$1.8M200xas long as short
Kalshi KXLINKPERP0.0000%8h12.964+4.549%$526K$2.3M3.7xas long as short
gTrade (Gains Network) LINK/USDL +0.0004% / S −0.0005%1h12.957+4.490%$157K150xas long as short
Orderly PERP_LINK_USDC+0.0032%8h12.950+4.435%$95K$1.2M20xas long as short
Injective LINK/USDC PERPlong+0.0033%1h12.400long leg$4K$48K12x
Phoenix LINK+0.0074%1h12.924+4.228%$3K$82K10xas long as short
Lighter LINK+0.0096%1h12.963+4.542%$1.9M$2.8M10xas long as short
Paradex LINK-USD-PERP+0.0100%8h12.958+4.497%$31K$2K20xas long as short
Nado LINK-PERP+0.0100%1h12.956+4.484%$347K$343K10xas long as short
Aster LINKUSDT+0.0100%8h12.965+4.554%$1.2M$2.4M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LINK+0.0100%1h12.959+4.508%$276K$184K10xas long as short
Binance LINKUSDT+0.0100%8h12.964+4.552%$119.3M$302.6M75xas long as short
Bybit LINKUSDT+0.0100%8h12.960+4.516%$83.6M$73.5M75xas long as short
OKX LINK-USDT-SWAP+0.0100%8h12.963+4.540%$27.5M$80.3M50xas long as short
Arcus LINK-USD+0.0100%1h12.972+4.613%$181K$96K10xas long as short
Gate LINK_USDT+0.0100%8h12.959+4.508%$124.6M$15.4M75xas long as short
MEXC LINK_USDT+0.0100%8h12.964+4.548%$33.0M$57.8M300xas long as short
KuCoin LINKUSDTM+0.0100%8h12.964+4.548%$22.9M$13.1M75xas long as short
Bitget LINKUSDT+0.0100%8h12.959+4.508%$54.2M$30.4M75xas long as short
BingX LINK-USDT+0.0100%8h12.962+4.532%$23.3Mas long as short
Variational Omni LINK+0.0100%8h12.920+4.197%$3.3M$1.7Mas long as short
edgeX LINKUSDC+0.0100%4h12.922+4.208%$43K$308K20xas long as short
GRVT LINK_USDT_Perp+0.0100%8h12.924+4.229%$588K$2.9M10xas long as short
ApeX Omni LINKUSDT+0.0100%1h12.929+4.266%$132K$675K50xas long as short
Polymarket Perps LINK-USD+0.0100%1h12.963+4.540%$81K$70K10xas long as short
Derive LINK-PERP+0.0100%1h12.956+4.486%$16K$22K10xas long as short
SunX LINK-USDT+0.0100%8h12.977+4.656%$33K$1.4M30xas long as short
SoDEX LINK-USD+0.0100%1h12.963+4.540%$10K$62K10xas long as short
HTX LINK-USDT+0.0100%8h12.910+4.110%$632K$782K75xas long as short
Extended LINK-USD+0.0104%1h12.957+4.495%$628K$2.0M25xas long as short
Aevo LINK-PERPshort+0.0104%1h12.964+4.551%$544K$2K3x
Backpack LINK_USDC_PERP+0.0117%1h12.971+4.605%$338K$390K15xas long as short
Coinbase International LINK-PERP-INTX+0.0128%1h12.948+4.419%$921K$2.8M50xas long as short
BloFin LINK-USDT+0.0220%8h12.956+4.484%$5.2M$15.9M75xas long as short
Hyperliquid LINK+0.0240%1h12.975+4.637%$80.8M$27.7M10xas long as short
Kraken Futures PF_LINKUSD+0.0276%1h12.965+4.555%$6.7M$8.3M50xas long as short
Deribit LINK_USDC-PERPETUAL+0.0329%1h12.968+4.582%$806K$249K50xas long as short
Reya LINKRUSDPERP+0.0396%1h12.956+4.484%$4K20xas long as short
Phemex LINKUSDT+0.0559%8h12.975+4.637%$20.0M$11.3M50xas long as short
dYdX LINK-USD+0.0656%1h12.956+4.483%$345K$33K10xas long as short