Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Aster−0.026%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 7 days−0.057%−$6 · spread now −0.026%, 7d avg −0.058%

Together, before fees−0.101%+ Points / potential airdropAster: Stage 5 · farm board−$10 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: Bitget is 0.032% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.239	0.0100	pay 0.0100% / 8h	56m 30s	$1.4M	$3.0M	50x
Short	Bitget LINKUSDT	13.236	0.0100	get 0.0100% / 8h	56m 30s	$55.1M	$30.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.058%: $3.25
Slippage, 4 orders: −$16.77
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$33.52
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Bitget: 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 Aster live order book, 2 min ago	1.89 bp	7.6 bp −$8	19.7 bp −$197	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.38 bp	7.8 bp −$8	14.4 bp −$144	26.1 bp −$2,605	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	13.232	−0.055%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.236	−0.029%	$488K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.232	−0.058%	$135K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.340%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.224	−0.117%	$4K	$84K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.230	−0.071%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0067%	1h	13.236	−0.029%	$725K	$128K	50x	as long as short
dYdX LINK-USD	+0.0077%	1h	13.231	−0.060%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.237	−0.020%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.237	−0.021%	$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	13.238	−0.014%	$405K	$313K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	13.239	long leg	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.238	−0.012%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.240	+0.008%	$123.2M	$303.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.235	−0.033%	$85.5M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.239	−0.003%	$27.9M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.248	+0.065%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.233	−0.048%	$131.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.238	−0.010%	$37.0M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.238	−0.010%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	13.236	−0.026%	$55.1M	$30.6M	75x
BingX LINK-USDT	+0.0100%	8h	13.238	−0.010%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.345%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.214	−0.193%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.275%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.213	−0.199%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.238	−0.010%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.227	−0.090%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.242	+0.021%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.233	−0.048%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.214	−0.189%	$650K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.235	−0.030%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.233	−0.047%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.230	−0.071%	$999K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.234	−0.041%	$5.3M	$17.2M	75x	as long as short
Hyperliquid LINK	+0.0296%	1h	13.251	+0.085%	$78.3M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0349%	1h	13.242	+0.020%	$365K	$380K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.234	−0.043%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.246	+0.050%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.242	+0.017%	$7.0M	$8.1M	50x	as long as short