Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against SunX−0.174%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.174%, 7d avg −0.064%

Together, before fees+0.124%+ Points / potential airdropAster: 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 0.110% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	12.953	0.0100	pay 0.0100% / 8h	4h 32m	$33K	$1.5M	30x
Short	Aster LINKUSDT	12.930	0.0100	get 0.0100% / 8h	4h 32m	$1.2M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.064%: −$11.03
Slippage, 4 orders: −$40.97
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$68
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Aster: live order book, 1 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 SunX live order book, 3 min ago	13.65 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	0.77 bp	10.6 bp −$11	20.8 bp −$208	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 −0.0090% / S +0.0167%	1h	12.935	−0.138%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.930	−0.180%	$488K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.936	−0.132%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.268%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	12.936	−0.130%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.940	−0.097%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.904	−0.377%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.882	−0.549%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.934	−0.145%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.928	−0.195%	$391K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTshort	+0.0100%	8h	12.930	−0.174%	$1.2M	$2.4M	50x
Pacifica LINK	+0.0100%	1h	12.932	−0.158%	$274K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.938	−0.117%	$119.7M	$297.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.932	−0.161%	$83.4M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.937	−0.122%	$27.3M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.946	−0.052%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.933	−0.153%	$127.8M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.935	−0.137%	$32.1M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.932	−0.161%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.939	−0.107%	$53.8M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.936	−0.130%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.931	−0.168%	$338K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.860	−0.715%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.884	−0.530%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.887	−0.511%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.894	−0.454%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.942	−0.083%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.935	−0.138%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.953	long leg	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.941	−0.091%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.904	−0.375%	$632K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.934	−0.148%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.940	−0.095%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.921	−0.246%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0283%	1h	12.946	−0.050%	$773K	$197K	50x	as long as short
Hyperliquid LINK	+0.0374%	1h	12.946	−0.052%	$81.1M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.931	−0.165%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0395%	1h	12.944	−0.064%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0550%	8h	12.953	+0.002%	$20.0M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0567%	1h	12.926	−0.203%	$342K	$30K	10x	as long as short