Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: SoDEX against Aster−0.032%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 SoDEX

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.032% cheaper against Aster than usual: you would sell low and buy high, −$3 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	12.943	0.0100	pay 0.0100% / 8h	2h 00m	$1.2M	$2.4M	50x
Short	SoDEX LINK-USD	12.939	0.0100	get 0.0013% / 1h	0m 11s	$10K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → 0.000%: −$3.24
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.24
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 min ago; SoDEX: 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	1.54 bp	8.8 bp −$9	16.5 bp −$165	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 −0.0089% / S +0.0166%	1h	12.939	−0.034%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.964	+0.164%	$528K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.939	−0.033%	$157K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0021%	8h	12.933	−0.079%	$95K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.197%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.958	+0.116%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.939	−0.029%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.942	−0.005%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.940	−0.029%	$346K	$343K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.943	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	12.947	+0.026%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.940	−0.027%	$119.3M	$302.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.936	−0.056%	$83.5M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.936	−0.056%	$27.0M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.960	+0.130%	$181K	$95K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.938	−0.040%	$124.5M	$15.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.937	−0.048%	$33.2M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.944	+0.006%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.939	−0.032%	$54.1M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.939	−0.032%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.945	+0.015%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.953	+0.079%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.958	+0.117%	$590K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.970	+0.207%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.944	+0.006%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.938	−0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.952	+0.070%	$34K	$1.4M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.939	−0.032%	$10K	$61K	10x
HTX LINK-USDT	+0.0100%	8h	12.937	−0.049%	$634K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.935	−0.066%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.941	−0.021%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.945	+0.014%	$934K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0134%	1h	12.944	+0.006%	$337K	$390K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.952	+0.068%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0247%	1h	12.951	+0.060%	$80.7M	$27.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0260%	1h	12.945	+0.016%	$807K	$254K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.943	−0.004%	$6.7M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.937	−0.048%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0579%	8h	12.958	+0.114%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0608%	1h	12.949	+0.048%	$345K	$33K	10x	as long as short