Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h −0.029%

Price spread now: Deribit against Aster−0.026%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

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

costs, in and out, $10k−$370.367% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.235%−$24 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.026%, 7d avg −0.031%

Together, before fees−0.213%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.235%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.075	0.0100	pay 0.0100% / 8h	5h 20m	$1.3M	$2.3M	50x
Short	Deribit LINK_USDC-PERPETUAL	13.072	0.0332	get 0.0041% / 1h	20m 41s	$776K	$174K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $48.72
Price spread: −0.026% → −0.031%: $0.5
Slippage, 4 orders: −$21.75
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $12.48
Costs to cover: 0.367%
Break-even: 5.2 days

Slippage from Aster: live order book, 3 min ago; Deribit: live order book, 43 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, 3 min ago	2.30 bp	8.0 bp −$8	21.0 bp −$210	doesn't fit	doesn't fit
Sell Deribit live order book, 43 min ago	4.60 bp	9.6 bp −$10	19.1 bp −$191	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	13.064	−0.088%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.073	−0.018%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.065	−0.081%	$161K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.165%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.077	+0.013%	$968K	$2.8M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.066	−0.071%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.062	−0.102%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.061	−0.108%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.056	−0.148%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.070	−0.039%	$395K	$314K	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	13.075	long leg	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	13.061	−0.112%	$275K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.059	−0.121%	$120.6M	$296.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.055	−0.155%	$84.4M	$71.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.053	−0.171%	$27.6M	$82.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.070	−0.041%	$183K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.060	−0.117%	$128.9M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.056	−0.148%	$32.1M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.069	−0.048%	$23.1M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.048	−0.209%	$54.2M	$29.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.052	−0.178%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.074	−0.010%	$346K	$386K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.062	−0.101%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.027	−0.367%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.051	−0.189%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.050	−0.193%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.083	+0.059%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.063	−0.095%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.083	+0.060%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.066	−0.071%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.055	−0.155%	$644K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.045	−0.230%	$651K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.069	−0.046%	$548K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.067	−0.063%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUALshort	+0.0332%	1h	13.072	−0.026%	$776K	$174K	50x
Reya LINKRUSDPERP	+0.0387%	1h	13.073	−0.018%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0412%	1h	13.058	−0.135%	$346K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0551%	1h	13.068	−0.056%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0583%	8h	13.084	+0.067%	$20.2M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0665%	1h	13.084	+0.067%	$82.3M	$27.3M	10x	as long as short