Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Aster+0.010%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

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

costs, in and out, $10k−$900.898% of the position

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.050%+$5 · spread now +0.010%, 7d avg −0.026%

Together, before fees+0.045%+ 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: Aevo is 0.036% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.202	0.0100	pay 0.0100% / 8h	1h 01m	$1.4M	$2.9M	50x
Short	Aevo LINK-PERP	13.204	0.0104	get 0.0013% / 1h	1m 43s	$554K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now +0.010%Rate

Funding earned: $0.84
Price spread: +0.010% → −0.026%: $3.61
Slippage, 4 orders: −$65.81
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$85.37
Costs to cover: 0.898%
Break-even: 718.4 days

Slippage from Aster: live order book, 2 min ago; Aevo: live order book, 17 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 Aster live order book, 2 min ago	1.89 bp	6.6 bp −$7	15.4 bp −$154	doesn't fit	doesn't fit
Sell Aevo live order book, 17 min ago	21.65 bp	34.7 bp −$35	188.5 bp −$1,885	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	13.200	−0.016%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.203	0.000%	$493K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.202	−0.001%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.202	−0.007%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.078%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.192	−0.078%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.197	−0.042%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0052%	1h	13.203	+0.001%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.199	−0.030%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.197	−0.040%	$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	13.199	−0.026%	$404K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.216	+0.102%	$78.1M	$24.1M	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	13.202	long leg	$1.4M	$2.9M	50x
Pacifica LINK	+0.0100%	1h	13.201	−0.011%	$277K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.198	−0.032%	$122.7M	$303.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.196	−0.049%	$85.2M	$70.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.197	−0.042%	$27.8M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.217	+0.110%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.197	−0.042%	$130.7M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.198	−0.034%	$36.4M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.201	−0.011%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.199	−0.026%	$54.9M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.198	−0.034%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.189	−0.104%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.193	−0.074%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	−0.034%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.188	−0.110%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.204	+0.011%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.194	−0.065%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.214	+0.085%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.198	−0.034%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.192	−0.076%	$649K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.196	−0.046%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERPshort	+0.0104%	1h	13.204	+0.010%	$554K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.212	+0.072%	$995K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.206	+0.027%	$5.3M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0221%	1h	13.207	+0.034%	$364K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.201	−0.013%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.213	+0.080%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.207	+0.034%	$7.0M	$8.1M	50x	as long as short