Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Aster against Derive+0.052%7-day average — · you sell dearer than you buy

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

Long on Derive Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 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: Aster is 0.052% dearer against Derive than usual: you sell high and buy low, +$5 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	Derive LINK-PERP	13.176	0.0100	pay 0.0013% / 1h	18m 09s	$16K	$22K	10x
Short	Aster LINKUSDT	13.183	0.0100	get 0.0100% / 8h	2h 18m	$1.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Derive. 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 DerivebpFee AsterbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → 0.000%: $5.24
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.76
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Aster: live order book, 5 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	1.52 bp	6.6 bp −$7	11.6 bp −$116	doesn't fit	doesn't fit

Derive: 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 −0.0092% / S +0.0166%	1h	13.181	+0.040%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.116%	$493K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.185	+0.067%	$717K	$122K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.182	+0.042%	$134K	—	150x	as long as short
dYdX LINK-USD	+0.0017%	1h	13.177	+0.004%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.159	−0.130%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.890%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0042%	8h	13.175	−0.008%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0087%	8h	13.164	−0.093%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.184	+0.062%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.167	−0.070%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.181	+0.037%	$401K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.187	+0.083%	$78.0M	$23.5M	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.183	+0.052%	$1.6M	$2.7M	50x
Pacifica LINK	+0.0100%	1h	13.171	−0.039%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.178	+0.017%	$122.1M	$300.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.172	−0.031%	$84.7M	$69.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.173	−0.023%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.189	+0.098%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.178	+0.014%	$130.9M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.175	−0.008%	$37.5M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.181	+0.037%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.177	+0.007%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.179	+0.022%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.161	−0.112%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	−0.236%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.168	−0.061%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.184	+0.060%	$81K	$67K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	13.176	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.196	+0.150%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.179	+0.022%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.157	−0.144%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.178	+0.015%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.182	+0.048%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.181	+0.037%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.186	+0.075%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.164	−0.092%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.180	+0.033%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0462%	8h	13.189	+0.098%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	13.189	+0.100%	$7.0M	$7.8M	50x	as long as short