Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: SoDEX against Aster−0.025%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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: SoDEX is 0.025% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.829	0.0100	pay 0.0100% / 8h	2h 31m	$1.2M	$2.4M	50x
Short	SoDEX LINK-USD	12.826	0.0100	get 0.0013% / 1h	31m 08s	$10K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → 0.000%: −$2.46
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$18.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; SoDEX: 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	2.34 bp	7.7 bp −$8	15.4 bp −$154	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 −0.0089% / S +0.0166%	1h	12.828	−0.013%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.841	+0.093%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.828	−0.009%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.345%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0046%	8h	12.824	−0.040%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.854	+0.193%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.827	−0.020%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.839	+0.075%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.834	+0.036%	$342K	$341K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.829	long leg	$1.2M	$2.4M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.842	+0.100%	$273K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.829	−0.001%	$118.3M	$302.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.825	−0.032%	$82.7M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.828	−0.009%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.856	+0.209%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.822	−0.056%	$123.6M	$14.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.828	−0.009%	$32.9M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.827	−0.017%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.826	−0.025%	$53.6M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.827	−0.017%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.835	+0.046%	$334K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	+0.338%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.839	+0.077%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.839	+0.078%	$581K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.838	+0.069%	$131K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.840	+0.084%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.825	−0.034%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.850	+0.165%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.826	−0.025%	$10K	$63K	10x
HTX LINK-USDT	+0.0100%	8h	12.825	−0.029%	$629K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.821	−0.067%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.824	−0.039%	$538K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0124%	1h	12.832	+0.021%	$792K	$241K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.831	+0.014%	$914K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.831	+0.014%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0222%	1h	12.840	+0.088%	$79.9M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.825	−0.030%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.834	+0.039%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0588%	8h	12.845	+0.123%	$19.8M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0903%	1h	12.836	+0.050%	$342K	$33K	10x	as long as short