Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against Aster−0.074%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.027%−$3 · spread now −0.074%, 7d avg −0.092%

Together, before fees−0.060%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.897	0.0100	pay 0.0100% / 8h	3h 08m	$1.2M	$2.4M	50x
Short	Extended LINK-USD	12.888	0.0104	get 0.0013% / 1h	8m 52s	$628K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0.84
Price spread: −0.074% → −0.092%: $1.8
Slippage, 4 orders: −$17.46
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.81
Costs to cover: 0.305%
Break-even: 238.8 days

Slippage from Aster: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	1.93 bp	8.3 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	2.32 bp	6.3 bp −$6	7.7 bp −$77	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 −0.0089% / S +0.0166%	1h	12.892	−0.044%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.905	+0.064%	$491K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.894	−0.025%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.855%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0052%	8h	12.892	−0.040%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.910	+0.100%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.894	−0.026%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.912	+0.111%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.909	+0.092%	$390K	$307K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.897	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	12.911	+0.107%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.894	−0.027%	$119.6M	$300.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.888	−0.071%	$83.2M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.892	−0.040%	$27.3M	$80.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.921	+0.185%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.891	−0.048%	$127.7M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.896	−0.009%	$33.0M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.904	+0.053%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.893	−0.032%	$53.8M	$29.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.892	−0.040%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.901	+0.030%	$338K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.902	+0.038%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.934	+0.283%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.932	+0.270%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.936	+0.301%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.906	+0.068%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.891	−0.049%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.903	+0.043%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.893	−0.032%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.880	−0.133%	$632K	$678K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	12.888	−0.074%	$628K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.896	−0.006%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.903	+0.045%	$920K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0184%	1h	12.899	+0.014%	$788K	$215K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.901	+0.030%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.897	−0.003%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0301%	1h	12.907	+0.076%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.893	−0.030%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0564%	8h	12.914	+0.130%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0841%	1h	12.910	+0.102%	$343K	$32K	10x	as long as short