Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: Aster against Bybit+0.049%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.049%, 7d avg +0.057%

Together, before fees+0.102%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.013	0.0100	pay 0.0100% / 8h	5h 34m	$84.1M	$71.2M	75x
Short	Aster LINKUSDT	13.019	0.0100	get 0.0100% / 8h	5h 34m	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.057%: −$0.82
Slippage, 4 orders: −$14.56
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.38
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 3 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 Bybit live order book, 4 min ago	0.39 bp	6.8 bp −$7	11.3 bp −$113	34.6 bp −$3,460	doesn't fit
Sell Aster live order book, 3 min ago	1.54 bp	10.4 bp −$10	18.0 bp −$180	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 −0.0090% / S +0.0167%	1h	13.016	+0.024%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.027	+0.108%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.015	+0.018%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.711%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.995	−0.138%	$938K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	13.014	+0.008%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.018	+0.039%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.974	−0.301%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.003	−0.075%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.005	−0.058%	$395K	$315K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTshort	+0.0100%	8h	13.019	+0.049%	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	13.000	−0.101%	$274K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.017	+0.033%	$120.0M	$295.9M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.013	long leg	$84.1M	$71.2M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.015	+0.015%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.015	+0.015%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.013	0.000%	$128.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.018	+0.038%	$32.1M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.020	+0.054%	$23.1M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.014	+0.008%	$54.1M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.014	+0.008%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.023	+0.077%	$344K	$380K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.994	−0.146%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.965	−0.368%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.978	−0.265%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.976	−0.284%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.020	+0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.017	+0.031%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.028	+0.119%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.019	+0.046%	$23K	$53K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.993	−0.153%	$641K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.012	−0.009%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.019	+0.045%	$546K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	−0.023%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0272%	1h	13.023	+0.075%	$773K	$183K	50x	as long as short
dYdX LINK-USD	+0.0372%	1h	12.994	−0.143%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.014	+0.005%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.022	+0.068%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0595%	8h	13.025	+0.092%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0645%	1h	13.034	+0.161%	$81.6M	$27.0M	10x	as long as short