Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Aster−6.393%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.949%+$95 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 6.393% cheaper against Aster than usual: you would sell low and buy high (−$639 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.949%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.247	0.0100	pay 0.0100% / 8h	51m 07s	$1.4M	$3.0M	50x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	51m 07s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −6.393%Rate

Funding earned: −$14
Price spread: −6.393% → 0.000%: −$639.33
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$661.35
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Injective: no order-book sample. 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 Aster live order book, 2 min ago	1.88 bp	7.0 bp −$7	16.3 bp −$163	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	13.245	−0.016%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.252	+0.037%	$476K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.248	+0.012%	$726K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.246	−0.010%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.240	−0.053%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−6.393%	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0041%	8h	13.243	−0.030%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.244	−0.024%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.242	−0.038%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.246	−0.007%	$406K	$314K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTlong	+0.0100%	8h	13.247	long leg	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.251	+0.028%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.247	+0.002%	$123.4M	$303.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.242	−0.037%	$85.5M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.247	+0.001%	$27.9M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.262	+0.114%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.243	−0.030%	$131.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.242	−0.037%	$37.0M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.249	+0.016%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.242	−0.037%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.242	−0.037%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.231	−0.122%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.250	+0.023%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.248	+0.008%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.258	+0.084%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.249	+0.016%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.241	−0.046%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.258	+0.081%	$35K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.246	−0.007%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.212	−0.262%	$650K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.241	−0.042%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.247	−0.002%	$555K	$2K	3x	as long as short
dYdX LINK-USD	+0.0141%	1h	13.247	+0.004%	$351K	$48K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.244	−0.022%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.240	−0.052%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0290%	1h	13.259	+0.091%	$78.4M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.243	−0.027%	$5K	—	20x	as long as short
Backpack LINK_USDC_PERP	+0.0380%	1h	13.252	+0.038%	$366K	$381K	15x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.261	+0.106%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.254	+0.053%	$7.0M	$8.2M	50x	as long as short