LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0205%/8h= −22.4% APRnext payment −$0.26 per $10,000 · paid last 24h +0.013%

Price spread now: Aevo against Deribit−0.045%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$2892.887% of the position

Long on Deribit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.213%+$21 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.045%, 7d avg +0.004%

Together, before fees+0.259%+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aevo is 0.049% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.213%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	13.070	0.0309	pay 0.0039% / 1h	3m 10s	$876K	$327K	50x
Short	Aevo LINK-PERP	13.064	0.0104	get 0.0013% / 1h	3m 10s	$548K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.045%Rate

Funding earned: −$43.05
Price spread: −0.045% → +0.004%: −$4.87
Slippage, 4 orders: −$265.71
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$336.63
Costs to cover: 2.887%
Break-even: never at this rate

Slippage from Deribit: live order book, 31 min ago; Aevo: live order book, 31 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 Deribit live order book, 31 min ago	3.50 bp	7.0 bp −$7	13.7 bp −$137	doesn't fit	doesn't fit
Sell Aevo live order book, 31 min ago	128.19 bp	136.2 bp −$136	doesn't fit	doesn't fit	doesn't fit

LINK on 39 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
Orderly PERP_LINK_USDC	−0.0132%	8h	13.055	−0.114%	$91K	$914K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	13.061	−0.069%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.071	+0.008%	$501K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	13.063	−0.053%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.126%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	13.069	−0.010%	$6.5M	$8.3M	50x	as long as short
Phoenix LINK	+0.0087%	1h	13.062	−0.059%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.063	−0.052%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.058	−0.091%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.056	−0.103%	$351K	$315K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	13.069	−0.007%	$81.6M	$27.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.067	−0.022%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.062	−0.064%	$278K	$172K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.055	−0.113%	$120.7M	$287.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.058	−0.091%	$84.6M	$70.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.058	−0.091%	$27.5M	$77.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.076	+0.047%	$183K	$86K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.064	−0.045%	$135.2M	$18.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.063	−0.053%	$36.3M	$60.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.068	−0.015%	$23.2M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.059	−0.083%	$54.7M	$28.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.060	−0.076%	—	$22.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.065	−0.037%	$340K	$371K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.065	−0.035%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.058	−0.092%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.055	−0.117%	$588K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.061	−0.068%	$134K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.065	−0.037%	$83K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.072	+0.018%	$34K	$1.3M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.062	−0.060%	$15K	$59K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.002	−0.523%	$624K	$679K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.056	−0.109%	$624K	$2.0M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.064	−0.045%	$548K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0184%	1h	13.063	−0.053%	$941K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.058	−0.091%	$5.3M	$16.1M	75x	as long as short
Deribit LINK_USDC-PERPETUALlong	+0.0309%	1h	13.070	long leg	$876K	$327K	50x
Phemex LINKUSDT	+0.0315%	8h	13.078	+0.062%	$20.2M	$11.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0404%	1h	13.057	−0.099%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0838%	1h	13.069	−0.005%	$351K	$48K	10x	as long as short