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 0.000%

Price spread now: BingX against Aster−0.033%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.033%, 7d avg −0.045%

Together, before fees−0.045%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.987	0.0100	pay 0.0100% / 8h	3h 34m	$1.2M	$2.4M	50x
Short	BingX LINK-USDC	12.983	0.0100	get 0.0100% / 8h	3h 34m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.045%: $1.23
Slippage, 4 orders: −$24.16
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$40.93
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; BingX: live order book, 3 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	1.54 bp	8.6 bp −$9	18.6 bp −$186	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.77 bp	15.9 bp −$16	28.9 bp −$289	91.7 bp −$9,171	409.7 bp −$204.9K

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 −0.0089% / S +0.0166%	1h	12.990	+0.021%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.990	+0.020%	$499K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.989	+0.016%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.522%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.985	−0.017%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.008	+0.157%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.988	+0.009%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.981	−0.051%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.975	−0.091%	$392K	$312K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.987	long leg	$1.2M	$2.4M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.988	+0.003%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.976	−0.087%	$120.7M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.975	−0.094%	$83.9M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.973	−0.110%	$27.5M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.987	−0.002%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.985	−0.017%	$128.7M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.985	−0.017%	$32.9M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.992	+0.036%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.979	−0.064%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	12.983	−0.033%	—	$6.7M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	12.996	+0.067%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	−0.085%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.005	+0.137%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.982	−0.039%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.013	+0.198%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.980	−0.056%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.988	+0.007%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.996	+0.065%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.986	−0.010%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.964	−0.178%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.975	−0.096%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.007	+0.155%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.987	−0.002%	$924K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0181%	1h	12.995	+0.061%	$786K	$208K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.985	−0.017%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.990	+0.023%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0355%	1h	13.001	+0.106%	$81.2M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.968	−0.145%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0543%	8h	13.004	+0.129%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0575%	1h	12.988	+0.004%	$344K	$30K	10x	as long as short