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 −0.006%

Price spread now: MEXC against Aster−0.066%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.066%, 7d avg −0.037%

Together, before fees−0.040%+ Points / potential airdropAster: Stage 5 · farm board−$4 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: MEXC is 0.029% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.000	0.0100	pay 0.0100% / 8h	5h 44m	$1.3M	$2.3M	50x
Short	MEXC LINK_USDT	12.991	0.0100	get 0.0100% / 8h	5h 44m	$32.0M	$56.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.037%: −$2.88
Slippage, 4 orders: −$10.96
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$21.84
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; MEXC: live order book, 4 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	1.54 bp	7.2 bp −$7	19.7 bp −$197	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.38 bp	0.4 bp $0	3.5 bp −$35	23.8 bp −$2,381	44.8 bp −$22.4K

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	12.987	−0.094%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.002	+0.022%	$479K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.988	−0.092%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.612%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.973	−0.205%	$936K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.993	−0.051%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.004	+0.037%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.000	+0.002%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.005	+0.039%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.993	−0.047%	$395K	$316K	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	13.000	long leg	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	13.005	+0.039%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.991	−0.066%	$119.7M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.991	−0.066%	$84.1M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.995	−0.035%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.014	+0.111%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.994	−0.043%	$128.4M	$12.6M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.991	−0.066%	$32.0M	$56.8M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.998	−0.012%	$23.0M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.993	−0.051%	$54.1M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.990	−0.074%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.218%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.974	−0.193%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.269%	$581K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.990	−0.074%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.001	+0.011%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.009	+0.069%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.011	+0.087%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.012	+0.095%	$5K	$45K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.972	−0.214%	$640K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.991	−0.069%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.011	+0.092%	$546K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0106%	1h	13.024	+0.188%	$340K	$378K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.005	+0.042%	—	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0296%	1h	13.014	+0.108%	$773K	$193K	50x	as long as short
dYdX LINK-USD	+0.0351%	1h	13.001	+0.011%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.991	−0.067%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.013	+0.106%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0601%	8h	13.025	+0.195%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0737%	1h	13.015	+0.118%	$81.8M	$26.7M	10x	as long as short