Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.047%

Price spread now: Aster against GMX+0.022%7-day average +0.007% · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.182%+$18 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now +0.022%, 7d avg +0.007%

Together, before fees+0.167%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.961	L −0.0090% / S +0.0167%	get 0.0011% / 1h	33m 34s	$1.8M	—	200x
Short	Aster LINKUSDT	12.964	0.0100	get 0.0100% / 8h	6h 33m	$1.3M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.022%Rate

Funding earned: $39.86
Price spread: +0.022% → +0.007%: $1.47
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $21.33
Costs to cover: 0.200%
Break-even: 3.3 days

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	2.32 bp	10.4 bp −$10	17.0 bp −$170	doesn't fit	doesn't fit

GMX: 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 39 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]long	L −0.0090% / S +0.0167%	1h	12.961	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.974	+0.100%	$472K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.963	+0.014%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.328%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.963	+0.020%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	12.961	0.000%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.958	−0.023%	$953K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.940	−0.159%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.986	+0.193%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.964	+0.027%	$394K	$322K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTshort	+0.0100%	8h	12.964	+0.022%	$1.3M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	12.942	−0.149%	$274K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.944	−0.131%	$118.9M	$306.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.933	−0.216%	$83.4M	$72.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.932	−0.223%	$27.2M	$84.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.955	−0.046%	$181K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.942	−0.146%	$127.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.940	−0.162%	$33.3M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.942	−0.146%	$22.5M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.938	−0.177%	$53.9M	$31.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.935	−0.200%	—	$23.0M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.978	+0.132%	$337K	$395K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.955	−0.042%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.955	−0.048%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.934	−0.208%	$578K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.933	−0.216%	$133K	$683K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.969	+0.062%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.962	+0.008%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.978	+0.130%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.966	+0.039%	$14K	$44K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.939	−0.166%	$638K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.928	−0.254%	$658K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.966	+0.035%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0213%	1h	12.969	+0.065%	$770K	$212K	50x	as long as short
dYdX LINK-USD	+0.0281%	1h	12.940	−0.161%	$343K	$48K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.960	−0.005%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0390%	1h	12.957	−0.030%	$79.4M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.972	+0.087%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0631%	8h	12.985	+0.186%	$20.1M	$11.5M	50x	as long as short