Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Aevo+0.147%48s7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as 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−$1681.676% of the position

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.338%−$34 · spread now +0.147%, 7d avg −0.030%

Together, before fees−0.334%+ Points / potential airdropedgeX: Active · farm board−$33 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: edgeX is 0.178% dearer against Aevo than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 48 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	12.881	0.0104	pay 0.0013% / 1h	41m 29s	$540K	$2K	3x
Short	edgeX LINKUSDC	12.900	0.0100	get 0.0050% / 4h	41m 29s	$43K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$0.84
Price spread: +0.147% → −0.030%: $17.76
Slippage, 4 orders: −$142.65
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$150.72
Costs to cover: 1.676%
Break-even: never at this rate

Slippage from Aevo: live order book, 18 min ago; edgeX: live order book, 17 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, 18 min ago	33.99 bp	105.1 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 17 min ago	1.94 bp	6.4 bp −$6	9.5 bp −$95	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	12.882	+0.007%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.871	−0.077%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.884	+0.020%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.734%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0059%	8h	12.881	0.000%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.888	+0.054%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.912	+0.241%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.897	+0.127%	$3K	$84K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	12.884	+0.025%	$769K	$193K	50x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.888	+0.058%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.887	+0.050%	$390K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.887	+0.045%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.890	+0.072%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.890	+0.070%	$119.2M	$297.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.887	+0.047%	$83.1M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.888	+0.054%	$27.2M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.903	+0.171%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.888	+0.054%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.889	+0.062%	$32.1M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.891	+0.078%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.887	+0.047%	$53.6M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.888	+0.054%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.888	+0.054%	$337K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	−0.022%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.900	+0.147%	$43K	$305K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	+0.041%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	+0.078%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.896	+0.116%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.879	−0.013%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.899	+0.138%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.878	−0.023%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.832	−0.380%	$628K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.884	+0.024%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.881	long leg	$540K	$2K	3x
BloFin LINK-USDT	+0.0220%	8h	12.885	+0.031%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0351%	1h	12.900	+0.148%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.886	+0.042%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0397%	1h	12.882	+0.010%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0593%	8h	12.897	+0.124%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0617%	1h	12.884	+0.024%	$341K	$30K	10x	as long as short