Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.008%

Price spread now: Aevo against Paradex−0.003%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.157	0.0099	pay 0.0099% / 8h	7h 30m	$32K	$3K	20x
Short	Aevo LINK-PERP	13.157	0.0104	get 0.0013% / 1h	30m 15s	$552K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.003%Rate

Funding earned: $0.97
Price spread: −0.003% → 0.000%: −$0.28
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$19.31
Costs to cover: 0.200%
Break-even: 145.9 days

Slippage unknown: Paradex: no order-book sample; Aevo: live order book, 44 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo live order book, 44 min ago	20.97 bp	32.8 bp −$33	178.8 bp −$1,788	doesn't fit	doesn't fit

Paradex: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	13.154	−0.023%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.176	+0.145%	$474K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.159	+0.012%	$781K	$211K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.154	−0.023%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.756%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.390%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	13.153	−0.033%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.158	+0.004%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0099%	8h	13.157	long leg	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.151	−0.044%	$404K	$309K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.159	+0.016%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.165	+0.059%	$276K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.162	+0.036%	$122.3M	$302.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.161	+0.028%	$84.8M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.162	+0.036%	$27.7M	$84.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.176	+0.142%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.162	+0.036%	$130.3M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.159	+0.013%	$37.2M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.158	+0.005%	$23.0M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.161	+0.028%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.163	+0.043%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	+0.138%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.198	+0.306%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.195	+0.286%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.205	+0.362%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.155	−0.018%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.154	−0.026%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	+0.125%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.154	−0.025%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.153	−0.029%	$647K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.150	−0.058%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.157	−0.003%	$552K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	+0.241%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0187%	1h	13.171	+0.104%	$367K	$369K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.172	+0.112%	$5.3M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.163	+0.045%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.151	−0.049%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0448%	1h	13.169	+0.089%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0580%	8h	13.173	+0.119%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0584%	1h	13.182	+0.188%	$81.5M	$25.1M	10x	as long as short