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 0.000%

Price spread now: Aster against HTX+0.068%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$710.706% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now +0.068%, 7d avg +0.109%

Together, before fees+0.061%+ Points / potential airdropAster: Stage 5 · farm board+$6 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 0.042% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.155	0.0100	pay 0.0100% / 8h	3h 05m	$644K	$905K	75x
Short	Aster LINKUSDT	13.163	0.0100	get 0.0100% / 8h	3h 05m	$1.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.109%: −$4.16
Slippage, 4 orders: −$50.59
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$74.75
Costs to cover: 0.706%
Break-even: never at this rate

Slippage from HTX: live order book, 23 min ago; Aster: live order book, 3 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 HTX live order book, 23 min ago	5.79 bp	13.3 bp −$13	34.0 bp −$340	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	3.03 bp	8.0 bp −$8	12.4 bp −$124	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 +0.0165%	1h	13.156	+0.011%	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	13.185	+0.229%	$3K	$79K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.172	+0.130%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.175	+0.157%	$459K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.158	+0.026%	$700K	$108K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.159	+0.030%	$78K	—	150x	as long as short
Variational Omni LINK	+0.0018%	8h	13.186	+0.238%	$3.3M	$1.6M	—	as long as short
Kraken Futures PF_LINKUSD	+0.0025%	1h	13.166	+0.090%	$6.7M	$7.4M	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.736%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0056%	1h	13.181	+0.201%	$994K	$2.7M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LINK_USDC	+0.0060%	8h	13.153	−0.011%	$135K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.161	+0.046%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.168	+0.100%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.161	+0.049%	$399K	$323K	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.163	+0.068%	$1.6M	$2.7M	50x
Pacifica LINK	+0.0100%	1h	13.171	+0.128%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.152	−0.019%	$121.6M	$301.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.156	+0.011%	$85.4M	$68.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.153	−0.011%	$27.8M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.183	+0.217%	$199K	$155K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.155	+0.004%	$131.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.156	+0.011%	$35.7M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.158	+0.027%	$21.7M	$16.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.153	−0.011%	$54.6M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.151	−0.027%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.184	+0.226%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.187	+0.244%	$597K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.186	+0.239%	$153K	$659K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.164	+0.072%	$80K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.152	−0.018%	$22K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.175	+0.158%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.154	−0.004%	$5K	$40K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.155	long leg	$644K	$905K	75x
Extended LINK-USD	+0.0104%	1h	13.153	−0.013%	$668K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.160	+0.040%	$554K	$340	3x	as long as short
Backpack LINK_USDC_PERP	+0.0123%	1h	13.160	+0.042%	$364K	$376K	15x	as long as short
Hyperliquid LINK	+0.0127%	1h	13.167	+0.095%	$78.7M	$23.2M	10x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.155	+0.004%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0371%	1h	13.162	+0.058%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0488%	8h	13.175	+0.156%	$20.3M	$11.5M	50x	as long as short