LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Aevo against Backpack−0.019%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1000.996% of the position

Long on Backpack Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.019%, 7d avg −0.033%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LINK_USDC_PERP	12.913	0.0100	pay 0.0013% / 1h	10m 48s	$338K	$391K	15x
Short	Aevo LINK-PERP	12.911	0.0104	get 0.0013% / 1h	10m 48s	$541K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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 BackpackbpFee AevobpOrdersPrice spread, now −0.019%Rate

Funding earned: $0.84
Price spread: −0.019% → −0.033%: $1.36
Slippage, 4 orders: −$73.58
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$97.37
Costs to cover: 0.996%
Break-even: 818.5 days

Slippage from Backpack: live order book, 43 min ago; Aevo: live order book, 43 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 Backpack live order book, 43 min ago	0.38 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 43 min ago	26.89 bp	39.3 bp −$39	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 −0.0089% / S +0.0166%	1h	12.907	−0.043%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.918	+0.039%	$491K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.907	−0.045%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.973%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.905	−0.062%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.940	+0.211%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.910	−0.023%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.910	−0.026%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.917	+0.031%	$390K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.909	−0.032%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.918	+0.039%	$277K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.905	−0.062%	$119.8M	$300.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.900	−0.101%	$83.3M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.904	−0.070%	$27.3M	$80.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.929	+0.124%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.906	−0.054%	$127.9M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.906	−0.054%	$33.2M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.913	0.000%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.905	−0.062%	$53.8M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.904	−0.070%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERPlong	+0.0100%	1h	12.913	long leg	$338K	$391K	15x
Variational Omni LINK	+0.0100%	8h	12.902	−0.084%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.934	+0.160%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.932	+0.147%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.936	+0.178%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.913	0.000%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.904	−0.066%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.917	+0.034%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.911	−0.015%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.898	−0.118%	$633K	$679K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.902	−0.087%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.911	−0.019%	$541K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.923	+0.077%	$921K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0199%	1h	12.915	+0.012%	$784K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.917	+0.031%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.914	+0.005%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0302%	1h	12.919	+0.046%	$80.6M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.907	−0.047%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0563%	8h	12.925	+0.093%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0853%	1h	12.917	+0.033%	$343K	$32K	10x	as long as short