Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.007%

Price spread now: Aster against Coinbase International+0.080%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 3 days (all we have)−0.075%−$7 · spread now +0.080%, 7d avg +0.017%

Together, before fees+0.002%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.063% dearer against Coinbase International than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.017%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	13.244	0.0160	pay 0.0020% / 1h	50m 40s	$1.0M	$2.8M	50x
Short	Aster LINKUSDT	13.255	0.0100	get 0.0100% / 8h	50m 40s	$1.4M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$12.6
Price spread: +0.080% → +0.017%: $6.27
Slippage, 4 orders: −$24.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.87
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	3.39 bp	11.2 bp −$11	15.5 bp −$155	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.88 bp	11.2 bp −$11	19.6 bp −$196	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	13.245	+0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.252	+0.059%	$476K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.248	+0.034%	$726K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.246	+0.012%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.240	−0.031%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.373%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.243	−0.008%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.255	+0.085%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.257	+0.099%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.246	+0.015%	$406K	$314K	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	13.255	+0.080%	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.258	+0.105%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.257	+0.096%	$123.5M	$303.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.252	+0.060%	$85.6M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.251	+0.053%	$28.0M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.266	+0.166%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.245	+0.008%	$131.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.252	+0.060%	$36.9M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.259	+0.113%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.251	+0.053%	$55.2M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.249	+0.038%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.231	−0.100%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.250	+0.045%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.248	+0.030%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.258	+0.106%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.249	+0.038%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.241	−0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.258	+0.103%	$35K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.246	+0.015%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.212	−0.240%	$650K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.246	+0.015%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.247	+0.020%	$555K	$2K	3x	as long as short
dYdX LINK-USD	+0.0125%	1h	13.257	+0.095%	$351K	$48K	10x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0160%	1h	13.244	long leg	$1.0M	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	13.240	−0.030%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0295%	1h	13.270	+0.196%	$78.5M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.243	−0.005%	$5K	—	20x	as long as short
Backpack LINK_USDC_PERP	+0.0380%	1h	13.252	+0.060%	$366K	$381K	15x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.261	+0.128%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.254	+0.075%	$7.0M	$8.2M	50x	as long as short