Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.025%

Price spread now: Kraken Futures against Aster−0.023%7-day average −0.017% · 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−$42as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.023%, 7d avg −0.017%

Together, before fees+0.093%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.971	0.0100	pay 0.0100% / 8h	3h 28m	$1.2M	$2.4M	50x
Short	Kraken Futures PF_LINKUSD	12.968	0.0244	get 0.0031% / 1h	28m 10s	$6.7M	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.023%Rate

Funding earned: $30.24
Price spread: −0.023% → −0.017%: −$0.56
Slippage, 4 orders: −$23.75
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$12.06
Costs to cover: 0.417%
Break-even: 9.8 days

Slippage from Aster: live order book, 5 min ago; Kraken Futures: 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 Aster live order book, 5 min ago	1.54 bp	8.9 bp −$9	20.6 bp −$206	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	2.70 bp	11.1 bp −$11	13.6 bp −$136	34.1 bp −$3,413	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 −0.0089% / S +0.0166%	1h	12.965	−0.045%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.978	+0.054%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.966	−0.036%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.402%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0050%	8h	12.962	−0.069%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.990	+0.145%	$3K	$82K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0089%	1h	12.970	−0.011%	$787K	$210K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.966	−0.039%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.974	+0.025%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.971	0.000%	$392K	$308K	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	12.971	long leg	$1.2M	$2.4M	50x
Pacifica LINK	+0.0100%	1h	12.978	+0.055%	$277K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.964	−0.054%	$120.4M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.962	−0.069%	$83.8M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.963	−0.062%	$27.4M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.996	+0.193%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.966	−0.039%	$128.5M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.965	−0.046%	$32.8M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.971	0.000%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.964	−0.054%	$54.0M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.967	−0.031%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.968	−0.023%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.006	+0.271%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	+0.188%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.007	+0.277%	$584K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.997	+0.200%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.977	+0.046%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.964	−0.057%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.988	+0.131%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.969	−0.016%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.970	−0.009%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.961	−0.079%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.968	−0.022%	$544K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.975	+0.031%	$924K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.974	+0.023%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0244%	1h	12.968	−0.023%	$6.7M	$8.1M	50x
Hyperliquid LINK	+0.0341%	1h	12.979	+0.062%	$81.1M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.965	−0.047%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0551%	8h	12.983	+0.092%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0720%	1h	12.979	+0.058%	$344K	$30K	10x	as long as short