Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Aster+0.023%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

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

costs, in and out, $10k−$440.443% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 7 days−0.134%−$13 · spread now +0.023%, 7d avg −0.044%

Together, before fees−0.218%+ Points / potential airdropAster: Stage 5 · farm board−$22 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: KuCoin 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 −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.151	0.0100	pay 0.0100% / 8h	31m 20s	$1.4M	$3.0M	50x
Short	KuCoin LINKUSDTM	13.154	0.0100	get 0.0100% / 8h	31m 20s	$22.7M	$15.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.044%: $6.64
Slippage, 4 orders: −$24.3
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$37.66
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	1.52 bp	9.1 bp −$9	21.9 bp −$219	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.38 bp	11.0 bp −$11	21.9 bp −$219	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 +0.0167%	1h	13.152	+0.011%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.168	+0.127%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.151	+0.003%	$726K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.155	+0.029%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+0.151%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.711%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.148	−0.023%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.146	−0.039%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.148	−0.024%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.146	−0.034%	$401K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTlong	+0.0100%	8h	13.151	long leg	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.153	+0.014%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.151	0.000%	$122.3M	$304.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.149	−0.015%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.149	−0.015%	$27.7M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.167	+0.122%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.150	−0.008%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.150	−0.008%	$36.8M	$57.7M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.154	+0.023%	$22.7M	$15.3M	75x
Bitget LINKUSDT	+0.0100%	8h	13.150	−0.008%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.150	−0.008%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.038%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.162	+0.085%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.156	+0.041%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.173	+0.167%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.154	+0.023%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.148	−0.023%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.163	+0.088%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.147	−0.030%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.142	−0.067%	$646K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.142	−0.067%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.149	−0.012%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.174	+0.175%	$997K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.151	0.000%	$5.3M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0271%	1h	13.163	+0.091%	$363K	$379K	15x	as long as short
Hyperliquid LINK	+0.0277%	1h	13.167	+0.122%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.148	−0.023%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.156	+0.035%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0481%	8h	13.166	+0.114%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0666%	1h	13.158	+0.051%	$348K	$48K	10x	as long as short