Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Aster−0.010%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.010%, 7d avg −0.028%

Together, before fees−0.120%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.123	0.0100	pay 0.0100% / 8h	2h 33m	$1.6M	$2.7M	50x
Short	Pacifica LINK	13.122	0.0100	get 0.0013% / 1h	33m 00s	$275K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.028%: $1.8
Slippage, 4 orders: −$25.5
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$39.7
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Pacifica: live order book, 55 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, 6 min ago	1.53 bp	13.9 bp −$14	25.5 bp −$255	doesn't fit	doesn't fit
Sell Pacifica live order book, 55 min ago	4.16 bp	9.9 bp −$10	doesn't fit	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 −0.0091% / S +0.0165%	1h	13.115	−0.060%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.126	+0.025%	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.119	−0.030%	$711K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.117	−0.043%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.118	−0.037%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0027%	1h	13.123	−0.003%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.510%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0048%	8h	13.109	−0.107%	$134K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0059%	8h	13.098	−0.191%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.121	−0.015%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.119	−0.028%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.121	−0.012%	$398K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.127	+0.030%	$77.6M	$23.6M	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	13.123	long leg	$1.6M	$2.7M	50x
Pacifica LINKshort	+0.0100%	1h	13.122	−0.010%	$275K	$152K	10x
Binance LINKUSDT	+0.0100%	8h	13.112	−0.082%	$121.2M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.112	−0.084%	$84.5M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.113	−0.077%	$27.6M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.132	+0.068%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.118	−0.039%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.115	−0.062%	$35.9M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.120	−0.023%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.112	−0.084%	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.115	−0.062%	—	$21.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.125	+0.015%	$363K	$371K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.099	−0.181%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.106	−0.131%	$592K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.110	−0.100%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.123	−0.001%	$80K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.112	−0.088%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.134	+0.085%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.115	−0.062%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.105	−0.135%	$644K	$911K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.113	−0.077%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.118	−0.037%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.122	−0.008%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.118	−0.039%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.115	−0.061%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.130	+0.053%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.126	+0.019%	$7.0M	$7.8M	50x	as long as short