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: SunX against Aevo+0.135%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1901.905% of the position

Long on Aevo Short on SunX

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)−0.130%−$13 · spread now +0.135%, 7d avg +0.088%

Together, before fees−0.126%−$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: SunX is 0.046% dearer against Aevo than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.948	0.0104	pay 0.0013% / 1h	20m 55s	$543K	$2K	3x
Short	SunX LINK-USDT	12.966	0.0100	get 0.0100% / 8h	4h 20m	$33K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$0.84
Price spread: +0.135% → +0.088%: $4.65
Slippage, 4 orders: −$166.48
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$186.67
Costs to cover: 1.905%
Break-even: never at this rate

Slippage from Aevo: live order book, 38 min ago; SunX: live order book, 4 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, 38 min ago	33.99 bp	105.1 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	13.68 bp	19.2 bp −$19	doesn't fit	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	12.945	−0.028%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.955	+0.052%	$519K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.946	−0.021%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.235%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	12.944	−0.033%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.949	+0.006%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.949	+0.005%	$942K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.961	+0.096%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.949	+0.008%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.949	+0.009%	$391K	$310K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.952	+0.030%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.956	+0.057%	$274K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.954	+0.046%	$119.9M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.945	−0.026%	$83.5M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.946	−0.018%	$27.3M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.962	+0.106%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.946	−0.018%	$128.0M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.948	−0.003%	$32.8M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.951	+0.021%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.948	−0.003%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.946	−0.018%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.954	+0.044%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.939	−0.071%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.089%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.961	+0.098%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	+0.206%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.953	+0.036%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.944	−0.036%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.966	+0.135%	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.950	+0.013%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.946	−0.017%	$635K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.943	−0.044%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.948	long leg	$543K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.951	+0.022%	$779K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.949	+0.005%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0369%	1h	12.964	+0.121%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.946	−0.019%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.952	+0.026%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0416%	1h	12.956	+0.057%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0537%	8h	12.961	+0.098%	$20.0M	$11.4M	50x	as long as short