Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against SunX−0.097%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.097%, 7d avg −0.090%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	13.195	0.0100	pay 0.0100% / 8h	7h 08m	$34K	$1.5M	30x
Short	Aevo LINK-PERP	13.183	0.0104	get 0.0013% / 1h	8m 21s	$553K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.097%Rate

Funding earned: $0.84
Price spread: −0.097% → −0.090%: −$0.72
Slippage, 4 orders: −$78.03
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$101.92
Costs to cover: 1.020%
Break-even: 856.3 days

Slippage from SunX: live order book, 7 min ago; Aevo: live order book, 1 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 SunX live order book, 7 min ago	13.64 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 1 min ago	18.58 bp	31.0 bp −$31	166.8 bp −$1,668	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 −0.0091% / S +0.0167%	1h	13.182	−0.100%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.201	+0.045%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.184	−0.086%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.029%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.187	−0.067%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.181	−0.110%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.178	−0.134%	$2.0M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	13.189	−0.052%	$783K	$212K	50x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.228	+0.244%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.170	−0.189%	$404K	$307K	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	13.174	−0.159%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.179	−0.128%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.183	−0.095%	$122.4M	$298.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.181	−0.110%	$84.9M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.182	−0.102%	$27.6M	$83.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.194	−0.011%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.177	−0.140%	$130.4M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.182	−0.102%	$36.6M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.182	−0.102%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.180	−0.117%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.184	−0.087%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.198%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.174	−0.165%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	−0.088%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.117%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.185	−0.080%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.181	−0.111%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.195	long leg	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.183	−0.095%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.182	−0.105%	$649K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.179	−0.125%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.183	−0.097%	$553K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.178	−0.133%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0170%	1h	13.194	−0.011%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.170	−0.193%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.194	−0.010%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.179	−0.124%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0425%	1h	13.176	−0.147%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.201	+0.042%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0550%	1h	13.198	+0.019%	$81.5M	$25.0M	10x	as long as short