Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Kalshi against Aevo+0.006%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$970.969% of the position

Long on Aevo Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$21 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.006%, 7d avg −0.073%

Together, before fees−0.263%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.079% dearer against Aevo than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.073%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	13.023	0.0104	pay 0.0013% / 1h	53m 12s	$546K	$2K	3x
Short	Kalshi KXLINKPERP	13.023	0	get 0.0000% / 8h	1h 53m	$469K	$2.2M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now +0.006%Rate

Funding earned: −$21.84
Price spread: +0.006% → −0.073%: $7.93
Slippage, 4 orders: −$70.89
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$110.8
Costs to cover: 0.969%
Break-even: never at this rate

Slippage from Aevo: live order book, 11 min ago; Kalshi: live order book, 5 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, 11 min ago	19.56 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	8.20 bp	13.4 bp −$13	17.7 bp −$177	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	13.016	−0.046%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.023	+0.006%	$469K	$2.2M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.018	−0.036%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.780%	$4K	$48K	12x	as long as short
ApeX Omni LINKUSDT	+0.0039%	1h	12.976	−0.357%	$133K	$672K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.010	−0.096%	$953K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.018	−0.035%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.020	−0.018%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.002	−0.156%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.003	−0.153%	$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	12.998	−0.186%	$395K	$316K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.005	−0.132%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.999	−0.184%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.023	+0.004%	$119.9M	$296.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.016	−0.050%	$84.2M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.019	−0.027%	$27.5M	$82.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.015	−0.058%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.013	−0.073%	$128.4M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.020	−0.019%	$32.1M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.025	+0.019%	$23.1M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.028	+0.042%	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.028	+0.042%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.030	+0.058%	$340K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.034	+0.091%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	−0.209%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.973	−0.379%	$586K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.010	−0.096%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.020	−0.021%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.012	−0.078%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.021	−0.012%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.984	−0.294%	$641K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.017	−0.043%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	13.023	long leg	$546K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0349%	1h	13.024	+0.015%	$774K	$212K	50x	as long as short
dYdX LINK-USD	+0.0357%	1h	12.991	−0.240%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.001	−0.166%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.025	+0.019%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0605%	8h	13.036	+0.104%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0670%	1h	13.024	+0.012%	$81.5M	$26.4M	10x	as long as short