LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Aevo against Lighter−0.123%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$650.645% of the position

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.123%, 7d avg +0.019%

Together, before fees+0.377%+ Points / potential airdropLighter: Season 3 · farm board+$38 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 0.142% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINK	12.840	0.0096	pay 0.0012% / 1h	31m 19s	$1.9M	$2.8M	10x
Short	Aevo LINK-PERP	12.824	0.0104	get 0.0013% / 1h	31m 19s	$538K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.123%Rate

Funding earned: $1.68
Price spread: −0.123% → +0.019%: −$14.19
Slippage, 4 orders: −$48.51
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$77.02
Costs to cover: 0.645%
Break-even: 327.9 days

Slippage from Lighter: live order book, 6 min ago; Aevo: live order book, 18 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 Lighter live order book, 6 min ago	2.17 bp	2.7 bp −$3	9.7 bp −$97	68.8 bp −$6,877	doesn't fit
Sell Aevo live order book, 18 min ago	16.63 bp	29.7 bp −$30	154.5 bp −$1,545	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 −0.0089% / S +0.0166%	1h	12.828	−0.096%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.852	+0.095%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.828	−0.093%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.426%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0046%	8h	12.824	−0.124%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.854	+0.109%	$3K	$82K	10x	as long as short
Lighter LINKlong	+0.0096%	1h	12.840	long leg	$1.9M	$2.8M	10x
Paradex LINK-USD-PERP	+0.0100%	8h	12.839	−0.009%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.834	−0.048%	$342K	$341K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.834	−0.046%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.842	+0.016%	$273K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.830	−0.077%	$118.3M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.827	−0.100%	$82.7M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.824	−0.124%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.856	+0.125%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.826	−0.108%	$123.6M	$14.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.834	−0.046%	$32.9M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.841	+0.009%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.822	−0.139%	$53.5M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.828	−0.093%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.849	+0.071%	$335K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	+0.254%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.839	−0.007%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.839	−0.006%	$581K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.838	−0.015%	$131K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.840	+0.001%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.825	−0.117%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.850	+0.081%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.826	−0.108%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.825	−0.112%	$629K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.821	−0.150%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.824	−0.123%	$538K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0124%	1h	12.832	−0.063%	$792K	$241K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.831	−0.069%	$914K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.843	+0.024%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0224%	1h	12.848	+0.063%	$80.0M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.825	−0.114%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.834	−0.045%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0588%	8h	12.845	+0.040%	$19.8M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0903%	1h	12.836	−0.034%	$342K	$33K	10x	as long as short