Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.030%

Price spread now: Aevo against BloFin−0.005%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1701.703% of the position

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.005%, 7d avg +0.010%

Together, before fees−0.115%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	12.949	0.0220	pay 0.0220% / 8h	4h 20m	$5.2M	$15.7M	75x
Short	Aevo LINK-PERP	12.948	0.0104	get 0.0013% / 1h	20m 54s	$543K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.005%Rate

Funding earned: −$24.36
Price spread: −0.005% → +0.010%: −$1.5
Slippage, 4 orders: −$142.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$196.17
Costs to cover: 1.703%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Aevo: live order book, 38 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 BloFin live order book, 3 min ago	0.39 bp	9.2 bp −$9	13.4 bp −$134	30.8 bp −$3,082	64.0 bp −$32.0K
Sell Aevo live order book, 38 min ago	33.99 bp	48.1 bp −$48	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	−0.033%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.955	+0.047%	$519K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.946	−0.026%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.240%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	12.944	−0.039%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.949	+0.001%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.949	0.000%	$942K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.961	+0.091%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.949	+0.003%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.949	+0.004%	$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	+0.025%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.956	+0.052%	$274K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.954	+0.041%	$119.9M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.945	−0.031%	$83.5M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.946	−0.023%	$27.3M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.962	+0.100%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.946	−0.023%	$128.0M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.948	−0.008%	$32.8M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.951	+0.015%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.948	−0.008%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.946	−0.023%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.954	+0.039%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.939	−0.076%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.084%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.961	+0.093%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	+0.201%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.953	+0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.944	−0.041%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.966	+0.130%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.950	+0.008%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.946	−0.022%	$635K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.943	−0.049%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	12.948	−0.005%	$543K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.951	+0.017%	$779K	$202K	50x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	12.949	long leg	$5.2M	$15.7M	75x
Hyperliquid LINK	+0.0369%	1h	12.964	+0.116%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.946	−0.024%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.952	+0.021%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0416%	1h	12.956	+0.052%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0537%	8h	12.961	+0.093%	$20.0M	$11.4M	50x	as long as short