Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Aster against Injective+6.264%67s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.949%−$95 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 6.264% dearer against Injective than usual: you sell high and buy low: +$626 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.949%, so the current rate has only just turned in your favour. The two prices were read 67 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	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	14m 07s	$4K	$48K	12x
Short	Aster LINKUSDT	13.177	0.0100	get 0.0100% / 8h	3h 14m	$1.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +6.264%Rate

Funding earned: $14
Price spread: +6.264% → 0.000%: $626.43
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $632.41
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Aster: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	1.89 bp	8.3 bp −$8	15.1 bp −$151	doesn't fit	doesn't fit

Injective: 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 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 −0.0093% / S +0.0165%	1h	13.167	+6.185%	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	13.190	+6.372%	$3K	$79K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.171	+6.218%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.178	+6.273%	$458K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.170	+6.206%	$701K	$108K	50x	as long as short
Variational Omni LINK	0.0000%	8h	13.178	+6.272%	$3.4M	$1.5M	—	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.168	+6.197%	$78K	—	150x	as long as short
Kraken Futures PF_LINKUSD	+0.0025%	1h	13.176	+6.261%	$6.6M	$7.2M	50x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Coinbase International LINK-PERP-INTX	+0.0056%	1h	13.172	+6.226%	$995K	$2.8M	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	+0.0062%	8h	13.162	+6.145%	$135K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.166	+6.177%	$2.1M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.165	+6.170%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.169	+6.206%	$400K	$321K	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.177	+6.264%	$1.6M	$2.7M	50x
Pacifica LINK	+0.0100%	1h	13.170	+6.206%	$276K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.162	+6.145%	$121.4M	$301.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.160	+6.129%	$85.4M	$68.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.160	+6.129%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.184	+6.323%	$199K	$155K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.167	+6.185%	$131.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.162	+6.145%	$35.4M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.169	+6.202%	$21.7M	$16.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.161	+6.137%	$54.8M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.159	+6.121%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.186	+6.336%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.178	+6.272%	$597K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.194	+6.403%	$154K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.176	+6.258%	$80K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.167	+6.183%	$25K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.180	+6.288%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.167	+6.185%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	+6.110%	$645K	$900K	75x	as long as short
Hyperliquid LINK	+0.0102%	1h	13.176	+6.258%	$78.9M	$23.2M	10x	as long as short
Extended LINK-USD	+0.0104%	1h	13.166	+6.178%	$671K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.172	+6.226%	$554K	$340	3x	as long as short
Backpack LINK_USDC_PERP	+0.0117%	1h	13.172	+6.226%	$365K	$381K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.150	+6.048%	$5.2M	$16.3M	75x	as long as short
Reya LINKRUSDPERP	+0.0371%	1h	13.176	+6.255%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.178	+6.274%	$20.3M	$11.4M	50x	as long as short