Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: HTX against Aevo+0.032%7-day average −0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1311.312% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.032%, 7d avg −0.087%

Together, before fees−0.135%−$13 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: HTX is 0.120% dearer against Aevo than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.989	0.0104	pay 0.0013% / 1h	55m 00s	$545K	$2K	3x
Short	HTX LINK-USDT	12.994	0.0100	get 0.0100% / 8h	5h 55m	$641K	$685K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$0.84
Price spread: +0.032% → −0.087%: $11.96
Slippage, 4 orders: −$103.15
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$120.03
Costs to cover: 1.312%
Break-even: never at this rate

Slippage from Aevo: live order book, 9 min ago; HTX: live order book, 9 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, 9 min ago	19.56 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 9 min ago	23.83 bp	30.4 bp −$30	197.0 bp −$1,970	doesn't fit	doesn't fit

LINK on 39 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	12.985	−0.038%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.013	+0.182%	$468K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.985	−0.034%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.538%	$4K	$48K	12x	as long as short
ApeX Omni LINKUSDT	+0.0039%	1h	12.976	−0.104%	$133K	$672K	50x	as long as short
Phoenix LINK	+0.0049%	1h	13.039	+0.383%	$3K	$84K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.004	+0.112%	$952K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.981	−0.065%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.996	+0.051%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.996	+0.049%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.993	+0.031%	$395K	$316K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.995	+0.040%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.998	+0.067%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.001	+0.091%	$119.6M	$296.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.998	+0.066%	$84.1M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.003	+0.104%	$27.4M	$82.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.013	+0.181%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.995	+0.042%	$128.2M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.000	+0.081%	$32.1M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.998	+0.066%	$23.0M	$13.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.997	+0.058%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.998	+0.066%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.003	+0.104%	$340K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.034	+0.345%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.981	−0.063%	$43K	$304K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.973	−0.126%	$586K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.994	+0.035%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.986	−0.029%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.998	+0.063%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.991	+0.012%	$5K	$46K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.994	+0.032%	$641K	$685K	75x
Extended LINK-USD	+0.0104%	1h	12.986	−0.031%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.989	long leg	$545K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0197%	1h	12.992	+0.017%	$772K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.982	−0.061%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0474%	1h	12.992	+0.019%	$344K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	12.997	+0.054%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0597%	8h	13.004	+0.112%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0624%	1h	13.019	+0.227%	$81.4M	$26.6M	10x	as long as short