Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.012%

Price spread now: Aster against Extended+0.050%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.050%, 7d avg +0.093%

Together, before fees+0.099%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$10 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 0.042% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.242	0.0104	pay 0.0013% / 1h	51m 24s	$670K	$1.9M	25x
Short	Aster LINKUSDT	13.249	0.0100	get 0.0100% / 8h	51m 24s	$1.4M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$0.84
Price spread: +0.050% → +0.093%: −$4.21
Slippage, 4 orders: −$17.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$35.84
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Aster: live order book, 2 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 Extended live order book, 2 min ago	1.13 bp	6.2 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Aster live order book, 2 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	+0.018%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.249	+0.052%	$476K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.243	+0.002%	$726K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.246	+0.024%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.240	−0.019%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.362%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.243	+0.004%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.250	+0.059%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.242	−0.004%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.246	+0.027%	$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	13.249	+0.050%	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.251	+0.062%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.246	+0.027%	$123.4M	$303.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.241	−0.011%	$85.5M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.246	+0.027%	$27.9M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.262	+0.148%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.245	+0.020%	$131.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.246	+0.027%	$37.0M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.250	+0.057%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.242	−0.003%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.244	+0.012%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.231	−0.088%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.250	+0.057%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.248	+0.042%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.258	+0.118%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.249	+0.050%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.234	−0.066%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.254	+0.087%	$35K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.238	−0.033%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.239	−0.029%	$651K	$892K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.242	long leg	$670K	$1.9M	25x
Aevo LINK-PERP	+0.0104%	1h	13.242	−0.001%	$555K	$2K	3x	as long as short
dYdX LINK-USD	+0.0141%	1h	13.247	+0.038%	$351K	$48K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.244	+0.012%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.249	+0.050%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0287%	1h	13.261	+0.140%	$78.5M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.243	+0.007%	$5K	—	20x	as long as short
Backpack LINK_USDC_PERP	+0.0384%	1h	13.246	+0.027%	$366K	$381K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.244	+0.015%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0474%	8h	13.254	+0.087%	$20.5M	$11.5M	50x	as long as short