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 +0.016%

Price spread now: Aevo against Variational Omni+0.072%7-day average +0.033% · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now +0.072%, 7d avg +0.033%

Together, before fees+0.279%+ Points / potential airdropVariational Omni: Active · farm board+$28 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 0.039% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	12.994	0.0100	pay 0.0100% / 8h	5h 35m	$3.4M	$1.6M	—
Short	Aevo LINK-PERP	13.003	0.0104	get 0.0013% / 1h	35m 41s	$545K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.072%Rate

Funding earned: $0.84
Price spread: +0.072% → +0.033%: $3.93
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.23
Costs to cover: 0.160%
Break-even: 100.6 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aevo: live order book, 28 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 Variational Omni RFQ quote, 3 min ago	3.13 bp	doesn't fit	8.0 bp −$80	doesn't fit	doesn't fit
Sell Aevo live order book, 28 min ago	19.56 bp	36.9 bp −$37	178.2 bp −$1,782	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	12.996	+0.019%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.994	+0.003%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.999	+0.042%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.571%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.995	+0.008%	$938K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	12.999	+0.039%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.996	+0.019%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.974	−0.155%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.003	+0.071%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.992	−0.015%	$395K	$315K	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	13.005	+0.089%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.000	+0.045%	$274K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.002	+0.061%	$119.9M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.998	+0.031%	$84.0M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.001	+0.054%	$27.4M	$82.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.015	+0.162%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.003	+0.070%	$128.4M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.002	+0.062%	$32.1M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.999	+0.039%	$23.0M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.002	+0.062%	$54.1M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.998	+0.031%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.011	+0.131%	$344K	$377K	15x	as long as short
Variational Omni LINKlong	+0.0100%	8h	12.994	long leg	$3.4M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	12.977	−0.129%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.960	−0.259%	$580K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	−0.146%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.998	+0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.002	+0.058%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.003	+0.067%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.003	+0.070%	$23K	$53K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.969	−0.191%	$640K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.999	+0.042%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.003	+0.072%	$545K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0211%	1h	13.008	+0.105%	$773K	$183K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.983	−0.084%	$5.2M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0372%	1h	12.994	+0.003%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.986	−0.062%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.007	+0.101%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0590%	8h	13.025	+0.239%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0644%	1h	13.012	+0.139%	$81.5M	$27.0M	10x	as long as short