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: GRVT against Aster+0.259%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 7 days−0.262%−$26 · spread now +0.259%, 7d avg −0.043%

Together, before fees−0.344%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board−$34 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: GRVT is 0.302% dearer against Aster than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.899	0.0100	pay 0.0100% / 8h	3h 09m	$1.2M	$2.4M	50x
Short	GRVT LINK_USDT_Perp	12.932	0.0100	get 0.0100% / 8h	3h 09m	$580K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.259%Rate

Funding earned: $0
Price spread: +0.259% → −0.043%: $30.19
Slippage, 4 orders: −$22.26
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$9.07
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; GRVT: 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, 4 min ago	1.93 bp	8.3 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	1.16 bp	12.4 bp −$12	17.1 bp −$171	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	−0.055%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.905	+0.053%	$491K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.894	−0.036%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.865%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0052%	8h	12.892	−0.051%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.910	+0.089%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.894	−0.037%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.912	+0.100%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.909	+0.081%	$390K	$307K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.899	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	+0.096%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.897	−0.012%	$119.6M	$300.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.891	−0.059%	$83.2M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.895	−0.028%	$27.3M	$80.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.921	+0.174%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.898	−0.005%	$127.8M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.896	−0.020%	$33.0M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.900	+0.011%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.897	−0.012%	$53.8M	$29.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.895	−0.028%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.908	+0.073%	$338K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.902	+0.027%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.934	+0.272%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	12.932	+0.259%	$580K	$2.8M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	12.936	+0.290%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.906	+0.057%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.891	−0.060%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.903	+0.032%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.893	−0.043%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.880	−0.144%	$632K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.889	−0.077%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.896	−0.017%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.903	+0.034%	$920K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0184%	1h	12.899	+0.003%	$788K	$215K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.901	+0.019%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.897	−0.014%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0301%	1h	12.913	+0.114%	$80.6M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.893	−0.041%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0564%	8h	12.914	+0.119%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0841%	1h	12.910	+0.091%	$343K	$32K	10x	as long as short