Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: Extended against Aevo−0.087%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1661.657% of the position

Long on Aevo Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now −0.087%, 7d avg −0.061%

Together, before fees−0.115%+ Points / potential airdropExtended: Active · farm board−$11 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: Extended is 0.026% cheaper against Aevo than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.883	0.0104	pay 0.0013% / 1h	42m 59s	$540K	$2K	3x
Short	Extended LINK-USD	12.872	0.0104	get 0.0013% / 1h	42m 59s	$628K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.061%: −$2.58
Slippage, 4 orders: −$144.67
Fee Aevo: 8 bp × 2 orders: −$16
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$168.25
Costs to cover: 1.657%
Break-even: never at this rate

Slippage from Aevo: live order book, 16 min ago; Extended: live order book, 1 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, 16 min ago	33.99 bp	105.1 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	2.32 bp	4.8 bp −$5	6.2 bp −$62	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	12.889	+0.046%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.898	+0.110%	$487K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.891	+0.056%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.752%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0059%	8h	12.882	−0.011%	$116K	$1.3M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0076%	1h	12.887	+0.026%	$769K	$193K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.884	+0.005%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.912	+0.222%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.897	+0.108%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.905	+0.164%	$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	12.900	+0.129%	$390K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.886	+0.020%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.915	+0.242%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.882	−0.011%	$119.1M	$297.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.881	−0.019%	$83.1M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.879	−0.034%	$27.2M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.908	+0.191%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.884	+0.004%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.878	−0.042%	$32.0M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.881	−0.019%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.877	−0.050%	$53.5M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.881	−0.019%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.888	+0.035%	$337K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	−0.041%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.875	−0.063%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	+0.022%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	+0.059%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.904	+0.160%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.879	−0.031%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.926	+0.333%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.883	−0.003%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.893	+0.077%	$631K	$704K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	12.872	−0.087%	$628K	$2.1M	25x
Aevo LINK-PERPlong	+0.0104%	1h	12.883	long leg	$540K	$2K	3x
BloFin LINK-USDT	+0.0220%	8h	12.885	+0.012%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0355%	1h	12.897	+0.105%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.886	+0.019%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.884	+0.005%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0558%	1h	12.915	+0.242%	$342K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0595%	8h	12.900	+0.129%	$19.9M	$11.4M	50x	as long as short