Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.008%

Price spread now: Aevo against OKX+0.189%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.108%−$11 · spread now +0.189%, 7d avg +0.027%

Together, before fees−0.045%−$4 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 0.162% dearer against OKX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	12.975	0.0100	pay 0.0100% / 8h	5h 57m	$27.4M	$82.3M	50x
Short	Aevo LINK-PERP	13.000	0.0104	get 0.0013% / 1h	57m 50s	$545K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now +0.189%Rate

Funding earned: $0.84
Price spread: +0.189% → +0.027%: $16.21
Slippage, 4 orders: −$59.11
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$68.06
Costs to cover: 0.851%
Break-even: 574.2 days

Slippage from OKX: live order book, 1 min ago; Aevo: live order book, 6 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 OKX live order book, 1 min ago	0.38 bp	6.9 bp −$7	16.6 bp −$166	36.0 bp −$3,602	doesn't fit
Sell Aevo live order book, 6 min ago	19.56 bp	36.9 bp −$37	178.2 bp −$1,782	doesn't fit	doesn't fit

LINK on 39 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	13.000	+0.193%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.023	+0.369%	$345K	$30K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.014	+0.302%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.002	+0.208%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.432%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	+0.425%	$3K	$83K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.018	+0.331%	$953K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.997	+0.170%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.000	+0.194%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.020	+0.346%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.012	+0.289%	$396K	$317K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.988	+0.100%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.021	+0.355%	$275K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.979	+0.031%	$119.4M	$297.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.972	−0.023%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	12.975	long leg	$27.4M	$82.3M	50x
Arcus LINK-USD	+0.0100%	1h	13.035	+0.462%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.975	0.000%	$128.0M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.980	+0.039%	$32.2M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.982	+0.054%	$23.0M	$13.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.978	+0.023%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.979	+0.031%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.994	+0.146%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.019	+0.341%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.027	+0.397%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	+0.468%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.028	+0.408%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.023	+0.370%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.000	+0.189%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	+0.431%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.999	+0.185%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.010	+0.268%	$642K	$687K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.969	−0.043%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.000	+0.189%	$545K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0242%	1h	13.005	+0.234%	$772K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.001	+0.197%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0533%	1h	13.001	+0.200%	$81.2M	$26.5M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.000	+0.190%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0595%	8h	13.007	+0.247%	$20.1M	$11.6M	50x	as long as short