LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Aevo against Lighter−0.040%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$800.796% of the position

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.040%, 7d avg +0.022%

Together, before fees+0.296%+ Points / potential airdropLighter: Season 3 · farm board+$30 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 0.062% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINK	13.165	0.0096	pay 0.0012% / 1h	10m 19s	$2.1M	$2.4M	10x
Short	Aevo LINK-PERP	13.159	0.0104	get 0.0013% / 1h	10m 19s	$552K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.040%Rate

Funding earned: $1.68
Price spread: −0.040% → +0.022%: −$6.19
Slippage, 4 orders: −$63.55
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$84.06
Costs to cover: 0.796%
Break-even: 357.3 days

Slippage from Lighter: live order book, 7 min ago; Aevo: live order book, 14 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 Lighter live order book, 7 min ago	1.66 bp	3.6 bp −$4	9.7 bp −$97	75.0 bp −$7,501	doesn't fit
Sell Aevo live order book, 14 min ago	21.27 bp	35.5 bp −$35	189.7 bp −$1,897	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 −0.0092% / S +0.0167%	1h	13.161	−0.032%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.166	+0.013%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.163	−0.012%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.161	−0.030%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0014%	1h	13.167	+0.016%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.150	−0.115%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.809%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.158	−0.051%	$134K	$1.6M	20x	as long as short
Lighter LINKlong	+0.0096%	1h	13.165	long leg	$2.1M	$2.4M	10x
Paradex LINK-USD-PERP	+0.0100%	8h	13.155	−0.071%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.158	−0.051%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.172	+0.055%	$77.6M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.163	−0.015%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.162	−0.023%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.161	−0.028%	$122.2M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.156	−0.066%	$84.7M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.158	−0.051%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.173	+0.063%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.160	−0.036%	$130.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.160	−0.036%	$37.2M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.162	−0.021%	$22.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.154	−0.082%	$54.5M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.157	−0.059%	—	$21.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.155	−0.073%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.182	+0.132%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.141	−0.179%	$591K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.184	+0.146%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.163	−0.013%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.148	−0.125%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.184	+0.145%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.155	−0.074%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.130	−0.263%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.154	−0.078%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.159	−0.040%	$552K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.161	−0.028%	$990K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0114%	1h	13.170	+0.040%	$367K	$373K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.159	−0.044%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.158	−0.051%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.176	+0.085%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	13.164	−0.008%	$6.9M	$7.9M	50x	as long as short