Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Arcus−0.168%46s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$490.491% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.266%+$27 · spread now −0.168%, 7d avg −0.028%

Together, before fees+0.271%+ Points / potential airdropAster: Stage 5 · farm board+$27 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 0.140% cheaper against Arcus than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.028%. The two prices were read 46 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	Arcus LINK-USD	13.066	0.0100	pay 0.0013% / 1h	18m 47s	$183K	$165K	10x
Short	Aster LINKUSDT	13.044	0.0100	get 0.0100% / 8h	5h 18m	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0
Price spread: −0.168% → −0.028%: −$13.99
Slippage, 4 orders: −$36.64
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$63.13
Costs to cover: 0.491%
Break-even: never at this rate

Slippage from Arcus: live order book, 44 min ago; Aster: live order book, 5 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 Arcus live order book, 44 min ago	11.89 bp	15.8 bp −$16	32.2 bp −$322	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	2.30 bp	11.0 bp −$11	17.4 bp −$174	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	13.044	−0.166%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.049	−0.134%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.045	−0.161%	$161K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.097%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.051	−0.115%	$967K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.041	−0.191%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.041	−0.191%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.061	−0.037%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.050	−0.123%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.043	−0.172%	$395K	$313K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTshort	+0.0100%	8h	13.044	−0.168%	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	13.049	−0.127%	$275K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.040	−0.199%	$120.6M	$296.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.037	−0.222%	$84.3M	$71.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.036	−0.230%	$27.5M	$82.5M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.066	long leg	$183K	$165K	10x
Gate LINK_USDT	+0.0100%	8h	13.039	−0.207%	$128.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.040	−0.199%	$32.5M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.043	−0.176%	$23.0M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.040	−0.199%	$54.2M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.039	−0.207%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.046	−0.153%	$345K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.062	−0.030%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.068	+0.017%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.051	−0.118%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.077	+0.084%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.055	−0.084%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.039	−0.205%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.068	+0.012%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.042	−0.184%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.037	−0.225%	$643K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.034	−0.244%	$651K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.044	−0.170%	$547K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0149%	1h	13.046	−0.152%	$775K	$174K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.041	−0.191%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.042	−0.187%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0401%	1h	13.043	−0.178%	$345K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0552%	1h	13.045	−0.157%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0586%	8h	13.056	−0.077%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0661%	1h	13.057	−0.069%	$82.2M	$27.3M	10x	as long as short