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 −0.007%

Price spread now: Paradex against Aster−0.057%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.057% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.103	0.0100	pay 0.0100% / 8h	2h 57m	$1.6M	$2.7M	50x
Short	Paradex LINK-USD-PERP	13.095	0.0100	get 0.0100% / 8h	2h 57m	$32K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$0.05
Price spread: −0.057% → 0.000%: −$5.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$17.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Paradex: no order-book sample. Net counts fees only.

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	1.52 bp	12.7 bp −$13	25.5 bp −$255	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 +0.0166%	1h	13.107	+0.027%	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	13.127	+0.187%	$3K	$84K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.109	+0.044%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.133	+0.226%	$458K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.114	+0.083%	$698K	$108K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.109	+0.044%	$83K	—	150x	as long as short
Variational Omni LINK	+0.0025%	8h	13.175	+0.547%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.365%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	13.103	0.000%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.112	+0.066%	$2.1M	$2.3M	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-PERPshort	+0.0100%	8h	13.095	−0.057%	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.106	+0.023%	$397K	$323K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.119	+0.122%	$78.2M	$23.4M	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	13.103	long leg	$1.6M	$2.7M	50x
Pacifica LINK	+0.0100%	1h	13.105	+0.012%	$275K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.105	+0.015%	$121.2M	$301.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.106	+0.023%	$84.8M	$68.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.109	+0.046%	$27.7M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.120	+0.130%	$198K	$155K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.110	+0.053%	$130.8M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.109	+0.046%	$35.4M	$55.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.112	+0.069%	$21.7M	$16.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.106	+0.023%	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.105	+0.015%	—	$21.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.110	+0.053%	$363K	$376K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.150	+0.355%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.141	+0.293%	$591K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.157	+0.412%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.110	+0.053%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.106	+0.026%	$22K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.117	+0.107%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.108	+0.038%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.102	−0.004%	$642K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.100	−0.026%	$668K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.113	+0.073%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.125	+0.168%	$991K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.150	+0.359%	$5.3M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.105	+0.014%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0494%	8h	13.125	+0.168%	$20.3M	$11.4M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.116	+0.101%	$6.9M	$7.8M	50x	as long as short