Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Aster against GRVT+0.349%110s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

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

costs, in and out, $10k−$280.283% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days−0.269%−$27 · spread now +0.349%, 7d avg +0.044%

Together, before fees−0.156%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$16 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 0.305% dearer against GRVT than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 110 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	GRVT LINK_USDT_Perp	13.165	0.0100	pay 0.0100% / 8h	1h 41m	$594K	$2.8M	10x
Short	Aster LINKUSDT	13.211	0.0100	get 0.0100% / 8h	1h 41m	$1.5M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now +0.349%Rate

Funding earned: $0
Price spread: +0.349% → +0.044%: $30.5
Slippage, 4 orders: −$11.25
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $2.24
Costs to cover: 0.283%
Break-even: from the start

Slippage from GRVT: live order book, 2 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 GRVT live order book, 2 min ago	1.52 bp	7.1 bp −$7	14.2 bp −$142	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.52 bp	7.0 bp −$7	16.4 bp −$164	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 −0.0090% / S +0.0167%	1h	13.203	+0.287%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.205	+0.307%	$350K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.212	+0.356%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.207	+0.321%	$721K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.203	+0.287%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.811%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.149	−0.118%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.199	+0.258%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.211	+0.350%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.193	+0.211%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.197	+0.243%	$400K	$315K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.219	+0.410%	$78.0M	$23.8M	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.211	+0.349%	$1.5M	$2.8M	50x
Pacifica LINK	+0.0100%	1h	13.196	+0.237%	$277K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.207	+0.319%	$122.5M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.205	+0.304%	$85.1M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.208	+0.327%	$27.7M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.207	+0.319%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.204	+0.296%	$131.1M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.213	+0.365%	$36.8M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.208	+0.327%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.205	+0.304%	$54.9M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.211	+0.349%	—	$21.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.147	−0.135%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.162	−0.022%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perplong	+0.0100%	8h	13.165	long leg	$594K	$2.8M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.172	+0.053%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.200	+0.266%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.200	+0.267%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.222	+0.435%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.201	+0.273%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.172	+0.055%	$648K	$898K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.203	+0.286%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.205	+0.306%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	+0.281%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0182%	1h	13.213	+0.365%	$367K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.187	+0.167%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.198	+0.251%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0454%	8h	13.211	+0.349%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.209	+0.335%	$7.0M	$8.0M	50x	as long as short