Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0339%/8h= −37.1% APRpaid last 24h −0.021%

Price spread now: Aster against dYdX+0.046%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$316as in the Funding arb table

Net, price: spread back to 7d avg − costs−$290as in the Price arb table

costs, in and out, $10k−$2912.914% of the position

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.242%−$24 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.046%, 7d avg +0.029%

Together, before fees−0.229%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	13.153	0.0439	pay 0.0055% / 1h	21m 16s	$348K	$48K	10x
Short	Aster LINKUSDT	13.159	0.0100	get 0.0100% / 8h	7h 21m	$1.4M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$71.23
Price spread: +0.046% → +0.029%: $1.67
Slippage, 4 orders: −$273.44
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$361.01
Costs to cover: 2.914%
Break-even: never at this rate

Slippage from dYdX: live order book, 53 min ago; Aster: live order book, 2 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 dYdX live order book, 53 min ago	44.42 bp	49.4 bp −$49	55.2 bp −$552	101.1 bp −$10.1K	139.2 bp −$69.6K
Sell Aster live order book, 2 min ago	1.52 bp	10.7 bp −$11	22.8 bp −$228	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 −0.0091% / S +0.0167%	1h	13.162	+0.063%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.166	+0.096%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.161	+0.060%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.728%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.193	+0.301%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.160	+0.050%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.163	+0.073%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.215	+0.467%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.156	+0.020%	$404K	$307K	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.159	+0.046%	$1.4M	$3.0M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.156	+0.022%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.159	+0.045%	$122.3M	$301.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.156	+0.020%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.156	+0.020%	$27.6M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.174	+0.157%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.158	+0.035%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.157	+0.028%	$36.9M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.167	+0.104%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.156	+0.020%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.158	+0.035%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.030%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.172	+0.139%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.202	+0.370%	$601K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.176	+0.172%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.162	+0.066%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.160	+0.049%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.176	+0.171%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.163	+0.073%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.145	−0.061%	$647K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.159	+0.043%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.164	+0.081%	$552K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0115%	1h	13.169	+0.122%	$782K	$211K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.162	+0.066%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.169	+0.119%	$366K	$365K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	+0.088%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	+0.144%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.158	+0.036%	$5K	—	20x	as long as short
dYdX LINK-USDlong	+0.0439%	1h	13.153	long leg	$348K	$48K	10x
Hyperliquid LINK	+0.0563%	1h	13.175	+0.164%	$81.4M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0635%	8h	13.179	+0.195%	$20.4M	$11.6M	50x	as long as short