Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Aster+0.033%7-day average −0.030% · 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−$291as in the Price arb table

costs, in and out, $10k−$2972.971% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.033%, 7d avg −0.030%

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.063% dearer against Aster than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.030%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.083	0.0100	pay 0.0100% / 8h	2h 40m	$1.5M	$2.7M	50x
Short	gTrade (Gains Network) LINK/USD	13.087	L +0.0003% / S −0.0002%	get 0.0000% / 1h	40m 16s	$83K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.033%Rate

Funding earned: −$20.52
Price spread: +0.033% → −0.030%: $6.31
Slippage, 4 orders: −$279.07
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$311.29
Costs to cover: 2.971%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 48 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	1.15 bp	7.3 bp −$7	25.0 bp −$250	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 48 min ago	130.05 bp	142.5 bp −$143	1049.2 bp −$10.5K	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 −0.0091% / S +0.0165%	1h	13.086	+0.025%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.089	+0.049%	$465K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.089	+0.049%	$702K	$112K	50x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0003% / S −0.0002%	1h	13.087	+0.033%	$83K	—	150x
Phoenix LINK	+0.0018%	1h	13.080	−0.023%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.221%	$4K	$48K	12x	as long as short
dYdX LINK-USD	+0.0037%	1h	13.084	+0.005%	$347K	$60K	10x	as long as short
Variational Omni LINK	+0.0049%	8h	13.085	+0.012%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0050%	8h	13.080	−0.023%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.085	+0.014%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.080	−0.027%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.076	−0.050%	$398K	$319K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.094	+0.084%	$77.3M	$23.7M	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	13.083	long leg	$1.5M	$2.7M	50x
Pacifica LINK	+0.0100%	1h	13.082	−0.005%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.085	+0.013%	$120.9M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.086	+0.023%	$84.3M	$69.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.086	+0.023%	$27.6M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.094	+0.084%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.086	+0.023%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.085	+0.015%	$35.7M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.082	−0.008%	$21.9M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.084	+0.007%	$54.1M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.084	+0.007%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.095	+0.091%	$361K	$370K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.075	−0.060%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.074	−0.069%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.081	−0.016%	$152K	$662K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.088	+0.038%	$80K	$65K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.083	+0.003%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.099	+0.122%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.085	+0.015%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.068	−0.112%	$639K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.083	+0.002%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.088	+0.042%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.096	+0.099%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.088	+0.038%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.085	+0.018%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0500%	8h	13.103	+0.153%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.096	+0.095%	$7.0M	$7.7M	50x	as long as short