Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Aster against gTrade (Gains Network)−0.032%52s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3083.077% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.032%, 7d avg +0.030%

Together, before fees+0.059%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.061% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.030%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	13.186	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	14m 31s	$134K	—	150x
Short	Aster LINKUSDT	13.182	0.0100	get 0.0100% / 8h	2h 14m	$1.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.032%Rate

Funding earned: $20.19
Price spread: −0.032% → +0.030%: −$6.13
Slippage, 4 orders: −$289.72
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$293.66
Costs to cover: 3.077%
Break-even: 108.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago	130.05 bp	141.1 bp −$141	963.4 bp −$9,634	10292.3 bp −$1.03M	doesn't fit
Sell Aster live order book, 4 min ago	1.52 bp	7.6 bp −$8	15.2 bp −$152	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 −0.0092% / S +0.0167%	1h	13.185	−0.009%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.033%	$493K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.188	+0.015%	$717K	$122K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0006%	1h	13.186	long leg	$134K	—	150x
dYdX LINK-USD	+0.0016%	1h	13.180	−0.048%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.185	−0.013%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.964%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0042%	8h	13.183	−0.026%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.183	−0.023%	$2.1M	$2.4M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	13.185	−0.011%	$3.3M	$1.5M	—	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	13.176	−0.081%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.177	−0.069%	$401K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.189	+0.020%	$78.0M	$23.5M	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.182	−0.032%	$1.6M	$2.7M	50x
Pacifica LINK	+0.0100%	1h	13.179	−0.058%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.184	−0.014%	$122.4M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.183	−0.026%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.188	+0.012%	$27.9M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.195	+0.065%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.177	−0.071%	$130.8M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.178	−0.064%	$37.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.179	−0.056%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.179	−0.056%	$54.6M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.178	−0.064%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.188	+0.015%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.187	+0.005%	$595K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.197	+0.080%	$154K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.184	−0.018%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.182	−0.035%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.196	+0.070%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.183	−0.026%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.172	−0.108%	$648K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.176	−0.077%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.187	+0.007%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.200	+0.103%	$993K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.196	+0.073%	$366K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.179	−0.056%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.179	−0.053%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0458%	8h	13.199	+0.096%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	13.192	+0.041%	$7.0M	$7.9M	50x	as long as short