Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0275%/8h= +30.1% APRpaid last 24h +0.072%

Price spread now: Reya against Aster+0.077%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Reya is 0.077% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread 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	13.167	0.0100	pay 0.0100% / 8h	1h 55m	$1.5M	$2.8M	50x
Short	Reya LINKRUSDPERP	13.177	0.0375	get 0.0047% / 1h	55m 31s	$5K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.077%Rate

Funding earned: $57.66
Price spread: +0.077% → 0.000%: $7.73
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $51.39
Costs to cover: 0.140%
Break-even: 0.8 days

Slippage unknown: Aster: live order book, 3 min ago; Reya: 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, 3 min ago	1.91 bp	9.7 bp −$10	23.5 bp −$235	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 −0.0090% / S +0.0167%	1h	13.144	−0.171%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.163	−0.029%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.154	−0.098%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.148	−0.140%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.147	−0.150%	$133K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.128	−0.296%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.824%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.143	−0.181%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.167	−0.001%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.160	−0.053%	$32K	$3K	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	13.168	+0.009%	$400K	$316K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.187	+0.154%	$77.7M	$23.6M	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	13.167	long leg	$1.5M	$2.8M	50x
Pacifica LINK	+0.0100%	1h	13.163	−0.026%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.174	+0.057%	$122.1M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.176	+0.070%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.179	+0.093%	$27.7M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.176	+0.070%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.162	−0.036%	$130.6M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.175	+0.062%	$36.9M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.165	−0.014%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.177	+0.078%	$54.6M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.162	−0.036%	—	$21.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.143	−0.180%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.127	−0.301%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	−0.234%	$589K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.129	−0.287%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.178	+0.085%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.140	−0.203%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.178	+0.087%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.148	−0.143%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.152	−0.115%	$647K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.161	−0.044%	$667K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.149	−0.136%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.150	−0.127%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.160	−0.051%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.143	−0.181%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERPshort	+0.0375%	1h	13.177	+0.077%	$5K	—	20x
Phemex LINKUSDT	+0.0479%	8h	13.164	−0.021%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0695%	1h	13.153	−0.105%	$6.9M	$8.0M	50x	as long as short