Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Binance against Aster+0.032%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.032%, 7d avg −0.036%

Together, before fees−0.136%+ Points / potential airdropAster: Stage 5 · farm board−$14 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: Binance is 0.067% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.929	0.0100	pay 0.0100% / 8h	4h 32m	$1.3M	$2.4M	50x
Short	Binance LINKUSDT	12.933	0.0100	get 0.0100% / 8h	4h 32m	$119.6M	$297.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.036%: $6.72
Slippage, 4 orders: −$14.31
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.59
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Binance: live order book, 11 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, 1 min ago	0.77 bp	9.1 bp −$9	19.8 bp −$198	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.39 bp	5.7 bp −$6	12.1 bp −$121	35.5 bp −$3,550	109.5 bp −$54.7K

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	12.912	−0.128%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.930	+0.006%	$488K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.913	−0.119%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.090%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	12.914	−0.114%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.932	+0.028%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.904	−0.192%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.882	−0.364%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.934	+0.041%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.928	−0.010%	$391K	$311K	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	12.929	long leg	$1.3M	$2.4M	50x
Pacifica LINK	+0.0100%	1h	12.932	+0.027%	$274K	$176K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.933	+0.032%	$119.6M	$297.3M	75x
Bybit LINKUSDT	+0.0100%	8h	12.926	−0.021%	$83.4M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.930	+0.010%	$27.3M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.946	+0.133%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.928	−0.006%	$127.8M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.933	+0.033%	$32.2M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.934	+0.041%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.934	+0.041%	$53.8M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.930	+0.010%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.931	+0.017%	$338K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.860	−0.530%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.884	−0.345%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.887	−0.326%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.894	−0.269%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.942	+0.102%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.914	−0.116%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.936	+0.054%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.918	−0.083%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.873	−0.431%	$630K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.925	−0.032%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.921	−0.064%	$542K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.921	−0.060%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0276%	1h	12.924	−0.038%	$772K	$197K	50x	as long as short
Hyperliquid LINK	+0.0374%	1h	12.946	+0.133%	$81.1M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.931	+0.021%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0395%	1h	12.922	−0.056%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0557%	8h	12.924	−0.037%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0567%	1h	12.926	−0.018%	$342K	$30K	10x	as long as short