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 0.000%

Price spread now: HTX against Aster−0.046%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$820.816% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.046%, 7d avg −0.112%

Together, before fees−0.083%+ Points / potential airdropAster: Stage 5 · farm board−$8 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: HTX is 0.066% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.939	0.0100	pay 0.0100% / 8h	4h 52m	$1.3M	$2.3M	50x
Short	HTX LINK-USDT	12.933	0.0100	get 0.0100% / 8h	4h 52m	$633K	$703K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.112%: $6.62
Slippage, 4 orders: −$61.58
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$74.96
Costs to cover: 0.816%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; HTX: live order book, 6 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	1.93 bp	8.4 bp −$8	17.1 bp −$171	doesn't fit	doesn't fit
Sell HTX live order book, 6 min ago	21.58 bp	34.5 bp −$35	199.6 bp −$1,996	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	12.942	+0.026%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.950	+0.082%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.943	+0.028%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.165%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0051%	1h	12.947	+0.066%	$773K	$189K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.942	+0.023%	$117K	$1.4M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.923	−0.123%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.954	+0.116%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.920	−0.148%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.921	−0.135%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.918	−0.166%	$391K	$310K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.939	long leg	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	12.926	−0.099%	$273K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.925	−0.108%	$119.6M	$296.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.922	−0.131%	$83.4M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.923	−0.123%	$27.3M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.936	−0.023%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.940	+0.008%	$127.9M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.921	−0.139%	$32.2M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.939	0.000%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.923	−0.123%	$53.7M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.917	−0.170%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.956	+0.134%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.951	+0.092%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.944	+0.040%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.911	−0.216%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.932	−0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.944	+0.040%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.957	+0.136%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.943	+0.031%	$11K	$63K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.933	−0.046%	$633K	$703K	75x
Extended LINK-USD	+0.0104%	1h	12.911	−0.220%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.944	+0.039%	$543K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0137%	1h	12.947	+0.062%	$339K	$388K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.937	−0.015%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.925	−0.108%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0395%	1h	12.945	+0.047%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0436%	1h	12.951	+0.096%	$81.5M	$27.2M	10x	as long as short
dYdX LINK-USD	+0.0597%	1h	12.926	−0.098%	$342K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0611%	8h	12.956	+0.132%	$20.0M	$11.4M	50x	as long as short