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 0.000%

Price spread now: SunX against Aster+0.158%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.158%, 7d avg +0.065%

Together, before fees−0.088%+ Points / potential airdropAster: Stage 5 · farm board−$9 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: SunX is 0.093% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.897	0.0100	pay 0.0100% / 8h	2h 43m	$1.2M	$2.4M	50x
Short	SunX LINK-USDT	12.917	0.0100	get 0.0100% / 8h	2h 43m	$33K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → +0.065%: $9.3
Slippage, 4 orders: −$39.2
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$45.89
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; SunX: live order book, 11 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	1.16 bp	7.3 bp −$7	17.4 bp −$174	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	13.67 bp	19.2 bp −$19	doesn't fit	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	12.897	+0.003%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.902	+0.041%	$516K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.897	+0.003%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.854%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	12.891	−0.047%	$104K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.945	+0.372%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.897	−0.004%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.899	+0.015%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.902	+0.034%	$342K	$339K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.897	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	12.904	+0.051%	$275K	$185K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.892	−0.036%	$119.3M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.889	−0.063%	$83.1M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.888	−0.070%	$27.3M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.912	+0.116%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.890	−0.055%	$124.2M	$14.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.887	−0.078%	$33.3M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.891	−0.047%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.889	−0.063%	$54.0M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.893	−0.032%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.901	+0.031%	$338K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.896	−0.006%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.913	+0.123%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.904	+0.056%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.915	+0.139%	$132K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.903	+0.046%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.895	−0.015%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.917	+0.158%	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.895	−0.016%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.870	−0.208%	$632K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.884	−0.105%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.899	+0.012%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.904	+0.054%	$916K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0161%	1h	12.904	+0.051%	$789K	$226K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.906	+0.069%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0274%	1h	12.907	+0.077%	$80.5M	$27.5M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.899	+0.018%	$6.6M	$8.2M	50x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.895	−0.012%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0573%	8h	12.910	+0.100%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0972%	1h	12.901	+0.030%	$343K	$32K	10x	as long as short