Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against edgeX+0.101%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.101%, 7d avg +0.045%

Together, before fees−0.243%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.056% dearer against edgeX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	12.875	0.0100	pay 0.0050% / 4h	44m 52s	$43K	$307K	20x
Short	Aster LINKUSDT	12.888	0.0100	get 0.0100% / 8h	4h 44m	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → +0.045%: $5.58
Slippage, 4 orders: −$17.24
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.66
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from edgeX: live order book, 13 min ago; Aster: live order book, 4 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 edgeX live order book, 13 min ago	1.94 bp	8.0 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.16 bp	10.8 bp −$11	16.9 bp −$169	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	12.888	+0.096%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	+0.162%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.889	+0.104%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.691%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0060%	8h	12.888	+0.099%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.887	+0.091%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.885	+0.076%	$938K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.925	+0.386%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.884	+0.068%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.888	+0.099%	$390K	$311K	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	12.888	+0.101%	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	12.885	+0.075%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.889	+0.108%	$119.2M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.886	+0.083%	$83.2M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.887	+0.091%	$27.2M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.905	+0.231%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.886	+0.083%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.890	+0.114%	$32.0M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.893	+0.138%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.890	+0.114%	$53.6M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.888	+0.099%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	+0.169%	$337K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	+0.022%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.875	long leg	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.885	+0.076%	$580K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.880	+0.037%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.892	+0.130%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.886	+0.084%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.902	+0.206%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.885	+0.076%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.864	−0.085%	$630K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.887	+0.092%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.889	+0.105%	$540K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0107%	1h	12.892	+0.133%	$770K	$190K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.885	+0.076%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0353%	1h	12.903	+0.215%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.886	+0.086%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.887	+0.094%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0608%	8h	12.904	+0.223%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0637%	1h	12.879	+0.030%	$341K	$30K	10x	as long as short