Funding arb · Price arb /

LINK

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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 −0.010%

Price spread now: Gate against Aster+0.037%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days−0.148%−$15 · spread now +0.037%, 7d avg −0.046%

Together, before fees−0.234%+ Points / potential airdropAster: Stage 5 · farm board−$23 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: Gate is 0.082% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.988	0.0100	pay 0.0100% / 8h	6h 52m	$1.3M	$3.0M	50x
Short	Gate LINK_USDT	12.993	0.0100	get 0.0100% / 8h	6h 52m	$128.7M	$12.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.046%: $8.23
Slippage, 4 orders: −$23.2
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$37.97
Costs to cover: 0.462%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Gate: live order book, 1 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	1.92 bp	7.1 bp −$7	18.4 bp −$184	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.38 bp	18.1 bp −$18	23.7 bp −$237	38.7 bp −$3,874	81.9 bp −$40.9K

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
ApeX Omni LINKUSDT	−0.0265%	1h	13.058	+0.537%	$152K	$670K	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	12.983	−0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.991	+0.024%	$462K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	12.984	−0.035%	$131K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.529%	$4K	$48K	12x	as long as short
dYdX LINK-USD	+0.0046%	1h	13.000	+0.094%	$344K	$48K	10x	as long as short
Phoenix LINK	+0.0049%	1h	12.998	+0.071%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	12.985	−0.025%	$125K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.993	+0.037%	$953K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.998	+0.076%	$1.9M	$2.7M	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	+0.0099%	8h	13.058	+0.535%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.983	−0.040%	$397K	$307K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.988	long leg	$1.3M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	12.999	+0.086%	$272K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.999	+0.085%	$120.8M	$301.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.998	+0.075%	$83.7M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.998	+0.075%	$27.3M	$83.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.007	+0.144%	$182K	$168K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.993	+0.037%	$128.7M	$12.2M	75x
MEXC LINK_USDT	+0.0100%	8h	13.001	+0.098%	$35.7M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.002	+0.106%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.997	+0.067%	$53.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.001	+0.098%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.998	+0.075%	$342K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.000	+0.094%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.054	+0.509%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.003	+0.110%	$586K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.990	+0.014%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.984	−0.034%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.996	+0.062%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.986	−0.017%	$24K	$37K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.961	−0.212%	$639K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.988	0.000%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.990	+0.012%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0112%	1h	12.993	+0.035%	$772K	$212K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.978	−0.079%	$5.3M	$15.5M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.987	−0.013%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.992	+0.025%	$6.8M	$8.0M	50x	as long as short
Hyperliquid LINK	+0.0557%	1h	13.012	+0.183%	$79.9M	$29.5M	10x	as long as short
Phemex LINKUSDT	+0.0709%	8h	13.005	+0.129%	$20.1M	$11.5M	50x	as long as short