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 +0.014%

Price spread now: Aster against SoDEX+0.117%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 0.117% dearer against SoDEX than usual: you sell high and buy low, +$12 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	SoDEX LINK-USD	13.132	0.0100	pay 0.0013% / 1h	50m 17s	$5K	$38K	10x
Short	Aster LINKUSDT	13.147	0.0100	get 0.0100% / 8h	1h 50m	$1.5M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → 0.000%: $11.71
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.29
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 3 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	1.90 bp	8.4 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit

SoDEX: 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	13.134	+0.011%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.147	+0.113%	$348K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.146	+0.104%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.135	+0.024%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.135	+0.022%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.574%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.174	+0.321%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.130	−0.015%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.151	+0.147%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.146	+0.110%	$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	13.145	+0.095%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.144	+0.091%	$77.6M	$23.8M	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.147	+0.117%	$1.5M	$2.8M	50x
Pacifica LINK	+0.0100%	1h	13.148	+0.123%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.136	+0.030%	$121.8M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.131	−0.008%	$84.6M	$69.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.132	0.000%	$27.6M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.156	+0.183%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.143	+0.084%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.135	+0.023%	$36.5M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.143	+0.084%	$22.3M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.138	+0.046%	$54.5M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.141	+0.069%	—	$21.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.128	−0.028%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.153	+0.163%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.173	+0.312%	$590K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.160	+0.213%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.138	+0.046%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.129	−0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.150	+0.135%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	13.132	long leg	$5K	$38K	10x
HTX LINK-USDT	+0.0100%	8h	13.130	−0.017%	$645K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.128	−0.027%	$675K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.134	+0.017%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.137	+0.038%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0134%	1h	13.147	+0.114%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.139	+0.053%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.133	+0.005%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0478%	8h	13.152	+0.152%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.141	+0.066%	$6.9M	$8.0M	50x	as long as short