LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%

Price spread now: Coinbase International against Aevo−0.021%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$920.924% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.021%, 7d avg +0.015%

Together, before fees−0.065%−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.036% cheaper against Aevo than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.015%). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.907	0.0104	pay 0.0013% / 1h	29m 53s	$541K	$2K	3x
Short	Coinbase International LINK-PERP-INTX	12.904	0.0200	get 0.0025% / 1h	29m 53s	$971K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.021%Rate

Funding earned: $20.16
Price spread: −0.021% → +0.015%: −$3.61
Slippage, 4 orders: −$66.42
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$75.87
Costs to cover: 0.924%
Break-even: 33.3 days

Slippage from Aevo: live order book, 17 min ago; Coinbase International: live order book, 2 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, 17 min ago	22.78 bp	34.0 bp −$34	190.6 bp −$1,906	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.88 bp	12.3 bp −$12	15.6 bp −$156	doesn't fit	doesn't fit

LINK on 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0221%	8h	12.897	−0.075%	$84K	$858K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.907	0.000%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.902	−0.033%	$479K	$2.0M	3.7x	as long as short
Phoenix LINK	0.0000%	1h	12.903	−0.029%	$3K	$81K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.895	−0.090%	$114K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.926%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0084%	8h	12.890	−0.126%	$3.4M	$1.8M	—	as long as short
Lighter LINK	+0.0096%	1h	12.899	−0.057%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.892	−0.110%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.892	−0.114%	$346K	$278K	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.914	+0.053%	$81.3M	$25.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.911	+0.034%	$1.2M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.895	−0.090%	$273K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.909	+0.017%	$119.8M	$266.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.903	−0.029%	$83.6M	$66.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.903	−0.029%	$27.4M	$73.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.018%	$180K	$85K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.904	−0.021%	$133.0M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.912	+0.041%	$35.5M	$55.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.904	−0.021%	$23.0M	$11.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.904	−0.021%	$54.0M	$26.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.905	−0.013%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.917	+0.080%	$327K	$355K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.885	−0.167%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.898	−0.068%	$582K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.911	+0.033%	$104K	$683K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.909	+0.018%	$82K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.916	+0.076%	$33K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.904	−0.021%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.880	−0.208%	$604K	$674K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.896	−0.080%	$622K	$1.8M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.907	long leg	$541K	$2K	3x
Kraken Futures PF_LINKUSD	+0.0174%	1h	12.906	−0.006%	$6.5M	$7.3M	50x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0200%	1h	12.904	−0.021%	$971K	$3.1M	50x
BloFin LINK-USDT	+0.0220%	8h	12.896	−0.083%	$5.4M	$15.2M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0308%	1h	12.915	+0.061%	$890K	$361K	50x	as long as short
Reya LINKRUSDPERP	+0.0409%	1h	12.898	−0.067%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0415%	8h	12.915	+0.064%	$20.0M	$10.2M	50x	as long as short
dYdX LINK-USD	+0.0460%	1h	12.892	−0.111%	$347K	$32K	10x	as long as short