LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0438%/8h= +48.0% APRnext payment +$4.38 per $10,000 · paid last 24h +0.076%

Price spread now: Phemex against Aster+0.116%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.116%, 7d avg +0.062%

Together, before fees+0.237%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phemex is 0.053% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.062%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.236% in total (about 12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.987	0.0100	pay 0.0100% / 8h	3h 33m	$1.2M	$2.4M	50x
Short	Phemex LINKUSDT	13.002	0.0538	get 0.0538% / 8h	3h 33m	$20.1M	$11.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.116%Rate

Funding earned: $92.07
Price spread: +0.116% → +0.062%: $5.31
Slippage, 4 orders: −$16.38
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: $61
Costs to cover: 0.364%
Break-even: 2.4 days

Slippage from Aster: live order book, 5 min ago; Phemex: 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, 5 min ago	1.54 bp	8.6 bp −$9	18.6 bp −$186	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	1.92 bp	9.5 bp −$10	15.6 bp −$156	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	12.985	−0.012%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.987	+0.002%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.985	−0.012%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.520%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.982	−0.039%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.008	+0.159%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.985	−0.015%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.983	−0.027%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.985	−0.013%	$392K	$312K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.987	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	12.982	−0.039%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.988	+0.008%	$120.8M	$300.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.984	−0.023%	$83.9M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.985	−0.015%	$27.5M	$81.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.001	+0.108%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.984	−0.023%	$128.6M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.986	−0.008%	$32.9M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.989	+0.015%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.985	−0.015%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.986	−0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.992	+0.039%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	−0.083%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.984	−0.022%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.985	−0.014%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.013	+0.200%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.988	+0.008%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.985	−0.016%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.993	+0.049%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.985	−0.015%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.967	−0.156%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.982	−0.036%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.987	0.000%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.987	0.000%	$924K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0181%	1h	12.992	+0.037%	$789K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.986	−0.008%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.990	+0.021%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0354%	1h	13.000	+0.100%	$81.2M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.981	−0.048%	$4K	—	20x	as long as short
Phemex LINKUSDTshort	+0.0538%	8h	13.002	+0.116%	$20.1M	$11.3M	50x
dYdX LINK-USD	+0.0610%	1h	12.984	−0.021%	$344K	$30K	10x	as long as short