Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.008%

Price spread now: Paradex against Aevo−0.033%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.033% cheaper against Aevo than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.988	0.0104	pay 0.0013% / 1h	57m 03s	$545K	$2K	3x
Short	Paradex LINK-USD-PERP	12.984	0.0100	get 0.0100% / 8h	5h 57m	$31K	$600	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$0.87
Price spread: −0.033% → 0.000%: −$3.35
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$24.21
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 55 min ago; Paradex: no order-book sample. Net counts fees only.

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, 55 min ago	29.39 bp	40.5 bp −$41	226.6 bp −$2,266	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0190%	8h	12.978	−0.076%	$85K	$878K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.989	+0.007%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.998	+0.081%	$485K	$2.1M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.986	−0.011%	$115K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.010	+0.168%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.527%	$4K	$48K	12x	as long as short
HTX LINK-USDT	+0.0084%	8h	12.979	−0.065%	$609K	$676K	75x	as long as short
Lighter LINK	+0.0096%	1h	12.987	−0.005%	$1.9M	$2.3M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	12.977	−0.081%	$3.4M	$1.8M	—	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.984	−0.033%	$31K	$600	20x

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.983	−0.038%	$349K	$279K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.997	+0.070%	$81.8M	$25.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.992	+0.031%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.988	+0.001%	$275K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.985	−0.022%	$120.5M	$268.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.982	−0.046%	$83.9M	$66.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.984	−0.030%	$27.3M	$74.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.004	+0.124%	$183K	$83K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.988	+0.001%	$134.2M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.985	−0.022%	$35.7M	$54.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.990	+0.016%	$23.0M	$11.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.984	−0.030%	$54.4M	$26.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.984	−0.030%	—	$23.9M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.990	+0.016%	$336K	$352K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.982	−0.048%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.996	+0.062%	$583K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.998	+0.078%	$132K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.990	+0.016%	$83K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.000	+0.093%	$34K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.985	−0.022%	$11K	$61K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	12.980	−0.063%	$628K	$1.9M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.988	long leg	$545K	$2K	3x
Kraken Futures PF_LINKUSD	+0.0173%	1h	12.988	+0.004%	$6.5M	$7.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	13.000	+0.093%	$977K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.987	−0.007%	$5.4M	$15.3M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0397%	1h	12.994	+0.047%	$890K	$355K	50x	as long as short
Reya LINKRUSDPERP	+0.0407%	1h	12.980	−0.058%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0438%	8h	13.001	+0.101%	$20.1M	$10.5M	50x	as long as short
dYdX LINK-USD	+0.0612%	1h	12.993	+0.039%	$349K	$46K	10x	as long as short