Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: Binance against Aevo+0.004%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$790.789% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.004%, 7d avg −0.006%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.848	0.0104	pay 0.0013% / 1h	34m 12s	$539K	$2K	3x
Short	Binance LINKUSDT	12.849	0.0100	get 0.0100% / 8h	1h 34m	$118.5M	$301.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now +0.004%Rate

Funding earned: −$0.84
Price spread: +0.004% → −0.006%: $1.03
Slippage, 4 orders: −$52.93
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.74
Costs to cover: 0.789%
Break-even: never at this rate

Slippage from Aevo: live order book, 10 min ago; Binance: live order book, 9 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 Aevo live order book, 10 min ago	18.63 bp	34.7 bp −$35	191.0 bp −$1,910	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.39 bp	7.7 bp −$8	12.8 bp −$128	34.8 bp −$3,479	108.8 bp −$54.4K

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	12.853	+0.033%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0004%	8h	12.840	−0.066%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.854	+0.043%	$512K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.847	−0.011%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.491%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.874	+0.199%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.849	+0.005%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.846	−0.021%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.848	−0.008%	$349K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.850	+0.015%	$1.3M	$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	12.852	+0.027%	$274K	$183K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.849	+0.004%	$118.5M	$301.8M	75x
Bybit LINKUSDT	+0.0100%	8h	12.847	−0.012%	$83.0M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.851	+0.019%	$26.9M	$80.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.866	+0.136%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.844	−0.035%	$123.8M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.850	+0.012%	$34.2M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.849	+0.004%	$22.7M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.843	−0.043%	$53.7M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.848	−0.004%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.849	+0.006%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.870	+0.169%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.866	+0.137%	$581K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.873	+0.191%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.848	−0.004%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.852	+0.027%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.861	+0.096%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.847	−0.012%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.820	−0.222%	$629K	$787K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.840	−0.062%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.848	long leg	$539K	$2K	3x
Backpack LINK_USDC_PERP	+0.0111%	1h	12.861	+0.097%	$335K	$388K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.848	−0.004%	$931K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0194%	1h	12.850	+0.015%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.856	+0.058%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0334%	1h	12.861	+0.097%	$80.2M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.843	−0.046%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0435%	1h	12.854	+0.043%	$804K	$266K	50x	as long as short
Phemex LINKUSDT	+0.0587%	8h	12.866	+0.136%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0942%	1h	12.851	+0.018%	$342K	$33K	10x	as long as short