Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%

Price spread now: Aevo against Binance0.000%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$950.946% of the position

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now 0.000%, 7d avg +0.009%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.893	0.0100	pay 0.0100% / 8h	3h 01m	$119.5M	$300.5M	75x
Short	Aevo LINK-PERP	12.893	0.0104	get 0.0013% / 1h	1m 10s	$541K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → +0.009%: −$0.84
Slippage, 4 orders: −$68.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$94.6
Costs to cover: 0.946%
Break-even: 795.3 days

Slippage from Binance: live order book, 12 min ago; Aevo: live order book, 53 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 Binance live order book, 12 min ago	0.39 bp	5.4 bp −$5	8.6 bp −$86	31.8 bp −$3,182	113.5 bp −$56.8K
Sell Aevo live order book, 53 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	12.889	−0.030%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	+0.024%	$483K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.892	−0.010%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.824%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.888	−0.039%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.922	+0.224%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.892	−0.006%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.888	−0.039%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.883	−0.074%	$389K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.892	−0.011%	$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	12.890	−0.020%	$276K	$183K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.893	long leg	$119.5M	$300.5M	75x
Bybit LINKUSDT	+0.0100%	8h	12.892	−0.008%	$83.3M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.891	−0.016%	$27.3M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.124%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.889	−0.031%	$124.4M	$14.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.894	+0.008%	$33.0M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.898	+0.039%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.894	+0.008%	$54.1M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.892	−0.008%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.899	+0.047%	$338K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.916	+0.180%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	+0.051%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.165%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.896	+0.023%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.900	+0.054%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.888	−0.036%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.905	+0.095%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.892	−0.008%	$9K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.878	−0.116%	$632K	$677K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.888	−0.042%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.893	0.000%	$541K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.899	+0.047%	$918K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	+0.016%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0239%	1h	12.899	+0.046%	$788K	$215K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.894	+0.011%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0298%	1h	12.906	+0.101%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.893	0.000%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0569%	8h	12.910	+0.132%	$20.0M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0785%	1h	12.884	−0.070%	$342K	$32K	10x	as long as short