Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Aster−0.064%56s7-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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.371%−$37 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.064% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.164	0.0100	pay 0.0100% / 8h	7h 57m	$1.4M	$3.0M	50x
Short	Polymarket Perps LINK-USD	13.156	0.0100	get 0.0013% / 1h	57m 36s	$82K	$69K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → 0.000%: −$6.37
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$22.37
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Polymarket Perps: 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, 1 min ago	3.04 bp	8.6 bp −$9	20.2 bp −$202	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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 −0.0091% / S +0.0167%	1h	13.162	−0.014%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.171	+0.051%	$478K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.157	−0.057%	$737K	$147K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.163	−0.013%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.136	−0.213%	$4K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.806%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.153	−0.086%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.161	−0.028%	$2.0M	$2.7M	10x	as long as short
SoDEX LINK-USD	+0.0099%	1h	13.153	−0.086%	$5K	$34K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.165	+0.006%	$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	13.172	+0.058%	$402K	$312K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	13.164	long leg	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.163	−0.010%	$277K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.173	+0.065%	$122.4M	$306.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.171	+0.050%	$85.1M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.173	+0.065%	$27.9M	$86.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.182	+0.134%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.174	+0.073%	$130.6M	$12.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.163	−0.011%	$36.6M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.161	−0.026%	$22.8M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.173	+0.065%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.176	+0.088%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.177	+0.094%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	+0.108%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.183	+0.144%	$597K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.185	+0.157%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	13.156	−0.064%	$82K	$69K	10x
Derive LINK-PERP	+0.0100%	1h	13.150	−0.112%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.176	+0.089%	$34K	$1.6M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.151	−0.099%	$647K	$875K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.175	+0.079%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.158	−0.051%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.167	+0.020%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.181	+0.126%	$5.2M	$16.4M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0234%	1h	13.170	+0.043%	$364K	$374K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.161	−0.023%	$6.9M	$8.2M	50x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.150	−0.107%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0396%	1h	13.163	−0.013%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0446%	1h	13.180	+0.119%	$78.9M	$24.4M	10x	as long as short
Phemex LINKUSDT	+0.1451%	8h	13.172	+0.058%	$20.4M	$11.6M	50x	as long as short