Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Aevo−0.015%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$760.764% of the position

Long on Aevo Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now −0.015%, 7d avg −0.022%

Together, before fees−0.065%−$7 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	13.191	0.0104	pay 0.0013% / 1h	9m 12s	$553K	$2K	3x
Short	BingX LINK-USDT	13.189	0.0100	get 0.0100% / 8h	7h 09m	—	$22.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$0.84
Price spread: −0.015% → −0.022%: $0.7
Slippage, 4 orders: −$50.41
Fee Aevo: 8 bp × 2 orders: −$16
Fee BingX: 5 bp × 2 orders: −$10
Net: −$76.56
Costs to cover: 0.764%
Break-even: never at this rate

Slippage from Aevo: live order book, 65 min ago; BingX: live order book, 14 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, 65 min ago	20.97 bp	30.8 bp −$31	164.3 bp −$1,643	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	1.14 bp	6.7 bp −$7	9.4 bp −$94	20.0 bp −$1,996	44.9 bp −$22.5K

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	13.188	−0.020%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.201	+0.079%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.189	−0.014%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.997%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.187	−0.033%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0038%	1h	13.194	+0.025%	$784K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.186	−0.038%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.187	−0.033%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.247	+0.426%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.190	−0.004%	$404K	$307K	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	13.193	+0.017%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.199	+0.058%	$277K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.188	−0.023%	$122.4M	$298.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.185	−0.045%	$85.0M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.185	−0.045%	$27.6M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.211	+0.152%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.194	+0.023%	$130.6M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.191	0.000%	$36.7M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.199	+0.061%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.186	−0.038%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDTshort	+0.0100%	8h	13.189	−0.015%	—	$22.4M	—
Variational Omni LINK	+0.0100%	8h	13.169	−0.164%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.174	−0.131%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	−0.054%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.083%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.198	+0.053%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.186	−0.035%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.210	+0.141%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.186	−0.038%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.182	−0.071%	$649K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.183	−0.057%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.191	long leg	$553K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.203	+0.091%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0171%	1h	13.199	+0.061%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.170	−0.159%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.193	+0.012%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.188	−0.026%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0425%	1h	13.200	+0.068%	$350K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.201	+0.076%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0553%	1h	13.207	+0.121%	$81.6M	$25.0M	10x	as long as short