Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: ApeX Omni against Aster+0.182%59s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as 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−$470.468% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.182%, 7d avg +0.016%

Together, before fees−0.078%+ Points / potential airdropAster: Stage 5 · farm board−$8 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: ApeX Omni is 0.166% dearer against Aster than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 59 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	Aster LINKUSDT	13.171	0.0100	pay 0.0100% / 8h	34m 36s	$1.4M	$3.0M	50x
Short	ApeX Omni LINKUSDT	13.195	0.0100	get 0.0013% / 1h	34m 36s	$154K	$670K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → +0.016%: $16.6
Slippage, 4 orders: −$28.78
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.18
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; ApeX Omni: live order book, 44 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, 4 min ago	1.89 bp	7.4 bp −$7	18.7 bp −$187	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 44 min ago	5.31 bp	13.0 bp −$13	92.6 bp −$926	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	13.174	+0.024%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	+0.082%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.169	−0.014%	$727K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.168	−0.023%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.204	+0.251%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.854%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.163	−0.061%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.166	−0.034%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.164	−0.055%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.163	−0.061%	$401K	$312K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTlong	+0.0100%	8h	13.171	long leg	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.169	−0.017%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.160	−0.084%	$122.5M	$304.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.158	−0.099%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.162	−0.068%	$27.8M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.182	+0.084%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.165	−0.046%	$130.4M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.167	−0.030%	$36.6M	$57.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.171	0.000%	$22.8M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.160	−0.084%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.166	−0.038%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.182	+0.083%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.190	+0.141%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.185	+0.106%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.195	+0.182%	$154K	$670K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.164	−0.053%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.163	−0.061%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.186	+0.117%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.164	−0.053%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.165	−0.049%	$648K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.159	−0.089%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.167	−0.030%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.165	−0.046%	$996K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.158	−0.099%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0273%	1h	13.181	+0.076%	$78.0M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0295%	1h	13.174	+0.023%	$364K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.158	−0.101%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.173	+0.012%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0480%	8h	13.185	+0.106%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0585%	1h	13.168	−0.025%	$349K	$48K	10x	as long as short