Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Aster against Polymarket Perps+0.027%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.371%+$37 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.027% dearer against Polymarket Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	13.182	0.0100	pay 0.0013% / 1h	39m 19s	$81K	$68K	10x
Short	Aster LINKUSDT	13.186	0.0100	get 0.0100% / 8h	1h 39m	$1.5M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → 0.000%: $2.68
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	1.52 bp	7.0 bp −$7	16.4 bp −$164	doesn't fit	doesn't fit

Polymarket Perps: 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 −0.0090% / S +0.0167%	1h	13.178	−0.027%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.189	+0.054%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.190	+0.060%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.178	−0.029%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.180	−0.014%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.932%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.200%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.175	−0.053%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.186	+0.032%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.182	+0.003%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.179	−0.023%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.191	+0.068%	$77.8M	$23.7M	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.186	+0.027%	$1.5M	$2.8M	50x
Pacifica LINK	+0.0100%	1h	13.188	+0.049%	$276K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.180	−0.015%	$122.3M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.177	−0.038%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.180	−0.015%	$27.7M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.199	+0.129%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.182	0.000%	$130.9M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.180	−0.015%	$36.7M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.186	+0.030%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.178	−0.030%	$54.8M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.181	−0.008%	—	$21.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.205	+0.174%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.200	+0.135%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	+0.123%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.206	+0.182%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.182	long leg	$81K	$68K	10x
Derive LINK-PERP	+0.0100%	1h	13.173	−0.068%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.195	+0.100%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.177	−0.038%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.175	−0.052%	$648K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.173	−0.066%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.178	−0.030%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	+0.152%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0185%	1h	13.213	+0.235%	$367K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.183	+0.008%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.180	−0.018%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0456%	8h	13.192	+0.076%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.185	+0.026%	$6.9M	$8.0M	50x	as long as short