Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against Aster+0.090%7-day average +0.025% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.090%, 7d avg +0.025%

Together, before fees−0.109%+ Points / potential airdropAster: Stage 5 · farm board−$11 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: Arcus is 0.064% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.207	0.0100	pay 0.0100% / 8h	1h 41m	$1.5M	$2.8M	50x
Short	Arcus LINK-USD	13.219	0.0100	get 0.0013% / 1h	41m 40s	$185K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.025%: $6.44
Slippage, 4 orders: −$29.47
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$35.53
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Arcus: live order book, 42 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	1.52 bp	5.5 bp −$6	18.2 bp −$182	doesn't fit	doesn't fit
Sell Arcus live order book, 42 min ago	11.01 bp	13.4 bp −$13	23.1 bp −$231	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	13.203	−0.034%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.205	−0.013%	$350K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.212	+0.036%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.207	+0.001%	$721K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.203	−0.033%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.112%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.149	−0.437%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.199	−0.062%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.211	+0.030%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.206	−0.008%	$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	13.198	−0.066%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.219	+0.090%	$78.0M	$23.8M	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	13.207	long leg	$1.5M	$2.8M	50x
Pacifica LINK	+0.0100%	1h	13.208	+0.004%	$277K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.203	−0.032%	$122.5M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.201	−0.047%	$85.1M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.202	−0.039%	$27.7M	$85.9M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.219	+0.090%	$185K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.207	−0.001%	$131.2M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.208	+0.006%	$36.8M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.212	+0.037%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.207	−0.001%	$54.9M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.207	−0.001%	—	$21.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.147	−0.454%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.181	−0.198%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.165	−0.319%	$594K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.172	−0.266%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.200	−0.054%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.200	−0.053%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.222	+0.114%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.201	−0.047%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.172	−0.265%	$648K	$898K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.204	−0.024%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.205	−0.015%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	−0.039%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0182%	1h	13.213	+0.044%	$367K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.187	−0.153%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.198	−0.069%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0454%	8h	13.211	+0.029%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.209	+0.015%	$7.0M	$8.0M	50x	as long as short