Funding you earn now, next payment 00:00 UTC−0.0361%/8h= −39.5% APRnext payment −$3.61 per $10,000 · paid last 24h −0.065%
Price spread now: Aster against Phemex−0.015%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 3 days (all we have)−0.073%−$7 · spread now −0.015%, 7d avg −0.059%
=Together, before fees−0.272%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.044% dearer against Phemex than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.059%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.199% in total) that is about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.199% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex LINKUSDT | 13.194 | 0.0461 | pay 0.0461% / 8h | 2h 16m | $20.4M | $11.5M | 50x |
| Short | Aster LINKUSDT | 13.192 | 0.0100 | get 0.0100% / 8h | 2h 16m | $1.6M | $2.7M | 50x |
Phemex LINKUSDT
Aster LINKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$75.79
- Price spread: −0.015% → −0.059%
- $4.43
- Slippage, 4 orders
- −$23.74
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$115.09
- Costs to cover
- 0.437%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 2.65 bp | 9.8 bp −$10 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Aster live order book, 2 min ago | 1.52 bp | 7.6 bp −$8 | 15.2 bp −$152 | 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 | 13.183 | −0.086% | $1.8M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 13.197 | +0.022% | $493K | $2.3M | 3.7x | as long as short |
| Deribit LINK_USDC-PERPETUAL | 0.0000% | 1h | 13.184 | −0.074% | $717K | $122K | 50x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0006% | 1h | 13.183 | −0.080% | $134K | — | 150x | as long as short |
| dYdX LINK-USD | +0.0016% | 1h | 13.187 | −0.054% | $349K | $60K | 10x | as long as short |
| Phoenix LINK | +0.0018% | 1h | 13.185 | −0.070% | $3K | $84K | 10x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −6.018% | $4K | $48K | 12x | as long as short |
| Orderly PERP_LINK_USDC | +0.0042% | 8h | 13.178 | −0.121% | $134K | $1.6M | 20x | as long as short |
| Variational Omni LINK | +0.0087% | 8h | 13.164 | −0.229% | $3.3M | $1.5M | — | as long as short |
| Lighter LINK | +0.0096% | 1h | 13.195 | +0.007% | $2.1M | $2.4M | 10x | as long as short |
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
Deribit LINK_USDC-PERPETUAL
gTrade (Gains Network) LINK/USD
dYdX LINK-USD
Phoenix LINK
Injective LINK/USDC PERP
Orderly PERP_LINK_USDC
Variational Omni LINK
Lighter LINKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex LINK-USD-PERP | +0.0100% | 8h | 13.189 | −0.037% | $32K | $3K | 20x | as long as short |
| Nado LINK-PERP | +0.0100% | 1h | 13.189 | −0.034% | $401K | $317K | 10x | as long as short |
| Hyperliquid LINK | +0.0100% | 1h | 13.199 | +0.038% | $78.0M | $23.5M | 10x | as long as short |
| Aster LINKUSDTshort | +0.0100% | 8h | 13.192 | −0.015% | $1.6M | $2.7M | 50x | |
| Pacifica LINK | +0.0100% | 1h | 13.193 | −0.006% | $276K | $150K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 13.180 | −0.109% | $122.1M | $301.3M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 13.181 | −0.099% | $84.9M | $69.7M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 13.182 | −0.091% | $27.9M | $85.6M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 13.201 | +0.053% | $185K | $172K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 13.190 | −0.030% | $131.0M | $12.8M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 13.183 | −0.083% | $37.4M | $56.8M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 13.189 | −0.038% | $22.0M | $15.7M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 13.181 | −0.099% | $54.6M | $30.3M | 75x | as long as short |
| BingX LINK-USDC | +0.0100% | 8h | 13.182 | −0.091% | — | $6.6M | — | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 13.167 | −0.204% | $44K | $308K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 13.164 | −0.227% | $594K | $2.8M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 13.168 | −0.197% | $153K | $663K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 13.189 | −0.038% | $81K | $67K | 10x | as long as short |
| Derive LINK-PERP | +0.0100% | 1h | 13.179 | −0.117% | $16K | $22K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 13.194 | +0.004% | $34K | $1.5M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 13.178 | −0.121% | $5K | $40K | 10x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 13.157 | −0.283% | $647K | $908K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 13.177 | −0.126% | $667K | $1.9M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 13.183 | −0.080% | $553K | $2K | 3x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0104% | 1h | 13.202 | +0.061% | $993K | $2.8M | 50x | as long as short |
| Backpack LINK_USDC_PERP | +0.0117% | 1h | 13.198 | +0.030% | $366K | $372K | 15x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 13.190 | −0.030% | $5.2M | $17.0M | 75x | as long as short |
| Reya LINKRUSDPERP | +0.0374% | 1h | 13.184 | −0.076% | $5K | — | 20x | as long as short |
| Phemex LINKUSDTlong | +0.0461% | 8h | 13.194 | long leg | $20.4M | $11.5M | 50x | |
| Kraken Futures PF_LINKUSD | +0.0503% | 1h | 13.187 | −0.054% | $7.0M | $7.9M | 50x | as long as short |
Paradex LINK-USD-PERP
Nado LINK-PERP
Hyperliquid LINK
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDC
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
HTX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Coinbase International LINK-PERP-INTX
Backpack LINK_USDC_PERP
BloFin LINK-USDT
Reya LINKRUSDPERP
Kraken Futures PF_LINKUSD