Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against KuCoin+0.018%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$440.435% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days+0.100%+$10 · spread now +0.018%, 7d avg +0.045%

Together, before fees+0.183%+ Points / potential airdropAster: Stage 5 · farm board+$18 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 0.027% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.206	0.0100	pay 0.0100% / 8h	7h 41m	$22.9M	$14.7M	75x
Short	Aster LINKUSDT	13.208	0.0100	get 0.0100% / 8h	7h 41m	$1.4M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.045%: −$2.69
Slippage, 4 orders: −$23.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$46.21
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	1.14 bp	12.9 bp −$13	23.3 bp −$233	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.51 bp	10.7 bp −$11	17.9 bp −$179	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 +0.0167%	1h	13.213	+0.054%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.213	+0.054%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.215	+0.068%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.103%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.338%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.213	+0.053%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0083%	1h	13.222	+0.121%	$768K	$185K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.199	−0.053%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.189	−0.127%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.197	−0.068%	$404K	$310K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTshort	+0.0100%	8h	13.208	+0.018%	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.203	−0.026%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.203	−0.023%	$122.6M	$304.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.198	−0.061%	$85.1M	$71.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.202	−0.030%	$27.9M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.213	+0.053%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.194	−0.091%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.200	−0.045%	$36.9M	$58.2M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.206	long leg	$22.9M	$14.7M	75x
Bitget LINKUSDT	+0.0100%	8h	13.191	−0.114%	$54.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.198	−0.061%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.451%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.186	−0.154%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.196	−0.078%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.303%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.215	+0.068%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.213	+0.049%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.227	+0.161%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.213	+0.053%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.192	−0.105%	$649K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.191	−0.112%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.215	+0.069%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.214	+0.061%	$1.0M	$2.8M	50x	as long as short
Phemex LINKUSDT	+0.0155%	8h	13.223	+0.129%	$20.5M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0194%	1h	13.201	−0.038%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0208%	1h	13.227	+0.159%	$368K	$370K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	−0.076%	$5.3M	$16.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.220	+0.105%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.209	+0.025%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0538%	1h	13.225	+0.144%	$80.9M	$25.1M	10x	as long as short