Funding arb · Price arb /

LINK

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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 −0.013%

Price spread now: Bybit against Aster−0.026%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 7 days−0.036%−$4 · spread now −0.026%, 7d avg −0.056%

Together, before fees−0.133%+ Points / potential airdropAster: Stage 5 · farm board−$13 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: Bybit is 0.030% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.884	0.0100	pay 0.0100% / 8h	4h 49m	$1.3M	$2.3M	50x
Short	Bybit LINKUSDT	12.881	0.0100	get 0.0100% / 8h	4h 49m	$83.2M	$71.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.056%: $3.02
Slippage, 4 orders: −$17.07
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.05
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago	1.93 bp	8.4 bp −$8	17.1 bp −$171	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.39 bp	9.1 bp −$9	13.3 bp −$133	33.4 bp −$3,338	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	12.883	−0.007%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.913	+0.220%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.883	−0.006%	$158K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0022%	1h	12.889	+0.039%	$769K	$189K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.759%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.880	−0.034%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.895	+0.084%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.904	+0.153%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.925	+0.316%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.896	+0.092%	$31K	$2K	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	12.893	+0.063%	$390K	$310K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.884	long leg	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	12.896	+0.093%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.883	−0.008%	$119.1M	$296.9M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	12.881	−0.026%	$83.2M	$71.8M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.881	−0.026%	$27.2M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.904	+0.153%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.883	−0.010%	$127.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.884	−0.003%	$32.0M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.889	+0.036%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.881	−0.026%	$53.5M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.881	−0.026%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.903	+0.147%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	+0.459%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	+0.421%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	+0.230%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.889	+0.036%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.881	−0.026%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.900	+0.120%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.898	+0.106%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.885	+0.005%	$631K	$703K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0103%	1h	12.903	+0.145%	$338K	$388K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.879	−0.045%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.889	+0.037%	$541K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.917	+0.254%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0388%	1h	12.898	+0.106%	$80.8M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.878	−0.045%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.887	+0.023%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0609%	8h	12.913	+0.223%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0770%	1h	12.896	+0.090%	$342K	$30K	10x	as long as short