Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Aevo−0.051%49s7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$830.832% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.051%, 7d avg +0.025%

Together, before fees+0.041%+ Points / potential airdropAster: Stage 5 · farm board+$4 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: Aster is 0.076% cheaper against Aevo than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.998	0.0104	pay 0.0013% / 1h	11m 38s	$545K	$2K	3x
Short	Aster LINKUSDT	12.991	0.0100	get 0.0100% / 8h	6h 11m	$1.3M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$0.84
Price spread: −0.051% → +0.025%: −$7.59
Slippage, 4 orders: −$59.18
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$91.61
Costs to cover: 0.832%
Break-even: never at this rate

Slippage from Aevo: live order book, 57 min ago; Aster: live order book, 2 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 Aevo live order book, 57 min ago	18.58 bp	33.8 bp −$34	181.9 bp −$1,819	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.54 bp	10.1 bp −$10	14.2 bp −$142	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
GMX LINK/USD [LINK-USDC]	L −0.0090% / S +0.0167%	1h	12.995	−0.021%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.007	+0.073%	$475K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.996	−0.013%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.597%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.002	+0.035%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.994	−0.027%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.998	+0.004%	$953K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.985	−0.094%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.984	−0.103%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.981	−0.123%	$395K	$319K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTshort	+0.0100%	8h	12.991	−0.051%	$1.3M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	12.987	−0.078%	$275K	$172K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.983	−0.112%	$119.3M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.979	−0.142%	$83.7M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.982	−0.119%	$27.3M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.003	+0.042%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.986	−0.088%	$128.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.985	−0.096%	$33.0M	$59.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.993	−0.035%	$23.0M	$14.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.986	−0.088%	$54.0M	$30.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.984	−0.104%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	−0.065%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.991	−0.048%	$43K	$311K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.991	−0.048%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.989	−0.065%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.002	+0.035%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.996	−0.012%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.007	+0.074%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.995	−0.019%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.920	−0.599%	$637K	$857K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.978	−0.148%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.998	long leg	$545K	$2K	3x
Backpack LINK_USDC_PERP	+0.0125%	1h	13.001	+0.027%	$338K	$383K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0150%	1h	13.000	+0.018%	$772K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.993	−0.032%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0390%	1h	12.987	−0.084%	$344K	$35K	10x	as long as short
Hyperliquid LINK	+0.0462%	1h	13.004	+0.050%	$80.7M	$26.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.999	+0.009%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0601%	8h	13.010	+0.096%	$20.1M	$11.5M	50x	as long as short