Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.030%

Price spread now: BloFin against Aevo−0.038%53s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$770.769% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.038%, 7d avg −0.010%

Together, before fees+0.175%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.029% cheaper against Aevo than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.010%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.882	0.0104	pay 0.0013% / 1h	35m 21s	$540K	$2K	3x
Short	BloFin LINK-USDT	12.877	0.0220	get 0.0220% / 8h	2h 35m	$5.2M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.038%Rate

Funding earned: $24.36
Price spread: −0.038% → −0.010%: −$2.86
Slippage, 4 orders: −$48.94
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$55.43
Costs to cover: 0.769%
Break-even: 22.9 days

Slippage from Aevo: live order book, 14 min ago; BloFin: live order book, 4 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, 14 min ago	16.63 bp	29.1 bp −$29	166.3 bp −$1,663	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	2.73 bp	9.4 bp −$9	14.7 bp −$147	31.6 bp −$3,164	63.4 bp −$31.7K

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	12.897	+0.118%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.880	−0.013%	$506K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.897	+0.117%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.741%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	12.872	−0.077%	$97K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.887	+0.043%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.894	+0.096%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.899	+0.130%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.894	+0.094%	$344K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.900	+0.141%	$1.2M	$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	12.898	+0.126%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.900	+0.141%	$119.0M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.896	+0.109%	$83.2M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.895	+0.102%	$27.2M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.210%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.894	+0.094%	$124.3M	$14.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.899	+0.133%	$33.1M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.899	+0.133%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.894	+0.094%	$53.8M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.898	+0.125%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.894	+0.094%	$336K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	−0.073%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.869	−0.097%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.880	−0.015%	$589K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.877	−0.038%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.902	+0.156%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.876	−0.049%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.895	+0.102%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.879	−0.023%	$10K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.848	−0.261%	$631K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.893	+0.083%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.882	long leg	$540K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.884	+0.016%	$916K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0146%	1h	12.885	+0.024%	$790K	$233K	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	12.877	−0.038%	$5.2M	$15.8M	75x
Hyperliquid LINK	+0.0239%	1h	12.908	+0.202%	$80.4M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.881	−0.008%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.896	+0.106%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0577%	8h	12.898	+0.125%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0826%	1h	12.894	+0.095%	$343K	$33K	10x	as long as short