Funding arb · Price arb /

LINK

all LINK markets

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 +0.006%

Price spread now: Aster against Binance+0.087%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.087%, 7d avg +0.035%

Together, before fees+0.026%+ Points / potential airdropAster: Stage 5 · farm board+$3 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: Aster is 0.052% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.976	0.0100	pay 0.0100% / 8h	3h 34m	$120.7M	$300.5M	75x
Short	Aster LINKUSDT	12.987	0.0100	get 0.0100% / 8h	3h 34m	$1.2M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.035%: $5.2
Slippage, 4 orders: −$13.27
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.07
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Aster: live order book, 4 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 Binance live order book, 9 min ago	0.38 bp	5.9 bp −$6	11.0 bp −$110	34.5 bp −$3,455	110.8 bp −$55.4K
Sell Aster live order book, 4 min ago	1.54 bp	9.9 bp −$10	18.4 bp −$184	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	12.990	+0.108%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.990	+0.107%	$499K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.989	+0.103%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.439%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.985	+0.069%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.008	+0.244%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.988	+0.096%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.981	+0.035%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.975	−0.004%	$392K	$312K	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	12.987	+0.087%	$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	12.988	+0.089%	$275K	$179K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.976	long leg	$120.7M	$300.5M	75x
Bybit LINKUSDT	+0.0100%	8h	12.975	−0.008%	$83.9M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.973	−0.023%	$27.5M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.987	+0.085%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.985	+0.069%	$128.7M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.985	+0.069%	$32.9M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.992	+0.123%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.979	+0.023%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.983	+0.054%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.996	+0.154%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	+0.002%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.005	+0.224%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.982	+0.047%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.013	+0.285%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.980	+0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.988	+0.094%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.996	+0.152%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.986	+0.077%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.964	−0.092%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.975	−0.010%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.007	+0.242%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.987	+0.085%	$924K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0181%	1h	12.995	+0.148%	$786K	$208K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.985	+0.069%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.990	+0.109%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0355%	1h	13.001	+0.193%	$81.2M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.968	−0.058%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0543%	8h	13.004	+0.216%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0575%	1h	12.988	+0.091%	$344K	$30K	10x	as long as short