Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Nado+0.102%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.402%−$40 · spread now +0.102%, 7d avg +0.043%

Together, before fees−0.405%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$40 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 0.058% dearer against Nado than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.075	0.0100	pay 0.0012% / 1h	41m 01s	$398K	$319K	10x
Short	Aster LINKUSDT	13.089	0.0100	get 0.0100% / 8h	2h 41m	$1.5M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → +0.043%: $5.81
Slippage, 4 orders: −$13.36
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.54
Costs to cover: 0.284%
Break-even: 2316038653189271.0 days

Slippage from Nado: live order book, 46 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 Nado live order book, 46 min ago	1.13 bp	7.6 bp −$8	22.2 bp −$222	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.15 bp	6.2 bp −$6	13.1 bp −$131	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	13.087	+0.090%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.089	+0.106%	$465K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.090	+0.114%	$702K	$112K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.089	+0.102%	$82K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.080	+0.034%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.166%	$4K	$48K	12x	as long as short
dYdX LINK-USD	+0.0039%	1h	13.082	+0.047%	$346K	$60K	10x	as long as short
Variational Omni LINK	+0.0043%	8h	13.084	+0.062%	$3.3M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	13.080	+0.034%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.091	+0.120%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.082	+0.052%	$31K	$3K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.075	long leg	$398K	$319K	10x
Hyperliquid LINK	+0.0100%	1h	13.094	+0.141%	$77.2M	$23.6M	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.089	+0.102%	$1.5M	$2.7M	50x
Pacifica LINK	+0.0100%	1h	13.082	+0.052%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.080	+0.032%	$120.9M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.080	+0.034%	$84.3M	$69.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.079	+0.027%	$27.6M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.105	+0.226%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.087	+0.088%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.085	+0.073%	$35.7M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.089	+0.103%	$21.9M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.084	+0.065%	$54.1M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.081	+0.042%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.095	+0.149%	$361K	$370K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.075	−0.003%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.074	−0.012%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.081	+0.042%	$152K	$662K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.091	+0.119%	$80K	$65K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.084	+0.063%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.098	+0.173%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.087	+0.088%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.068	−0.054%	$639K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.084	+0.066%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.089	+0.102%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.096	+0.157%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.088	+0.096%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.089	+0.100%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0500%	8h	13.103	+0.210%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.096	+0.160%	$7.0M	$7.8M	50x	as long as short