Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Aevo against Extended+0.086%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1651.652% of the position

Long on Extended Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.086%, 7d avg +0.061%

Together, before fees+0.116%+ Points / potential airdropExtended: Active · farm board+$12 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: Aevo is 0.024% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.901	0.0104	pay 0.0013% / 1h	43m 25s	$628K	$2.1M	25x
Short	Aevo LINK-PERP	12.912	0.0104	get 0.0013% / 1h	43m 25s	$541K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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 ExtendedbpFee AevobpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.061%: $2.44
Slippage, 4 orders: −$144.22
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$162.78
Costs to cover: 1.652%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Aevo: live order book, 16 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 Extended live order book, 5 min ago	3.49 bp	6.0 bp −$6	7.4 bp −$74	doesn't fit	doesn't fit
Sell Aevo live order book, 16 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	12.912	+0.088%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.909	+0.064%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.891	−0.080%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.883%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0060%	8h	12.912	+0.086%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.911	+0.079%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.904	+0.024%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.897	−0.028%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.905	+0.029%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.900	−0.007%	$390K	$311K	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	12.912	+0.086%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.915	+0.106%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.899	−0.018%	$119.3M	$297.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.897	−0.030%	$83.2M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.891	−0.077%	$27.2M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.908	+0.055%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.909	+0.063%	$127.5M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.894	−0.053%	$32.1M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.896	−0.038%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.891	−0.077%	$53.6M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.906	+0.040%	—	$22.4M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.923	+0.171%	$338K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	−0.177%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.875	−0.199%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	−0.114%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	−0.077%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.904	+0.024%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.907	+0.045%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.927	+0.199%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.912	+0.086%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.894	−0.054%	$631K	$704K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.901	long leg	$628K	$2.1M	25x
Aevo LINK-PERPshort	+0.0104%	1h	12.912	+0.086%	$541K	$2K	3x
Deribit LINK_USDC-PERPETUAL	+0.0168%	1h	12.914	+0.102%	$771K	$190K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.885	−0.123%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0357%	1h	12.905	+0.032%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.886	−0.117%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.914	+0.099%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0558%	1h	12.915	+0.106%	$342K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0597%	8h	12.929	+0.218%	$19.9M	$11.4M	50x	as long as short