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 Pacifica+0.006%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.006%, 7d avg +0.028%

Together, before fees+0.124%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board+$12 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 0.022% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.169	0.0100	pay 0.0013% / 1h	19m 02s	$276K	$150K	10x
Short	Aster LINKUSDT	13.170	0.0100	get 0.0100% / 8h	2h 19m	$1.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → +0.028%: −$2.17
Slippage, 4 orders: −$25.34
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.51
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Aster: live order book, 4 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 Pacifica live order book, 4 min ago	3.04 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.52 bp	6.6 bp −$7	11.6 bp −$116	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 −0.0092% / S +0.0166%	1h	13.167	−0.015%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.178	+0.071%	$483K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.170	+0.009%	$716K	$122K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.168	−0.011%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0018%	1h	13.174	+0.040%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.159	−0.077%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.839%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.160	−0.068%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0087%	8h	13.164	−0.040%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.171	+0.018%	$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	13.165	−0.027%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.165	−0.026%	$401K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.180	+0.084%	$77.9M	$23.5M	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.170	+0.006%	$1.6M	$2.7M	50x
Pacifica LINKlong	+0.0100%	1h	13.169	long leg	$276K	$150K	10x
Binance LINKUSDT	+0.0100%	8h	13.168	−0.008%	$122.0M	$300.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.166	−0.023%	$84.6M	$69.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.169	0.000%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.181	+0.091%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.167	−0.015%	$130.9M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.167	−0.015%	$37.4M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.168	−0.008%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.166	−0.023%	$54.5M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.165	−0.030%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.161	−0.058%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	−0.182%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.168	−0.008%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.170	+0.008%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.163	−0.042%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.183	+0.106%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.166	−0.023%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.157	−0.089%	$647K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.162	−0.052%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.169	+0.001%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.171	+0.015%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0118%	1h	13.175	+0.046%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.164	−0.038%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.166	−0.025%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0463%	8h	13.178	+0.068%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	13.174	+0.041%	$7.0M	$7.8M	50x	as long as short