Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Aster against gTrade (Gains Network)+0.014%52s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3023.018% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.014%, 7d avg +0.029%

Together, before fees+0.023%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.958	L +0.0004% / S −0.0009%	pay 0.0001% / 1h	21m 37s	$159K	—	150x
Short	Aster LINKUSDT	12.960	0.0100	get 0.0100% / 8h	4h 21m	$1.2M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.014%Rate

Funding earned: $20.11
Price spread: +0.014% → +0.029%: −$1.5
Slippage, 4 orders: −$283.81
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$283.2
Costs to cover: 3.018%
Break-even: 105.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 32 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 gTrade (Gains Network) virtual book (oracle venue), 32 min ago	130.05 bp	141.1 bp −$141	963.4 bp −$9,634	10292.4 bp −$1.03M	doesn't fit
Sell Aster live order book, 2 min ago	1.93 bp	11.0 bp −$11	18.4 bp −$184	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	12.956	−0.010%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.962	+0.031%	$519K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0009%	1h	12.958	long leg	$159K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.304%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	12.955	−0.021%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.951	−0.051%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.965	+0.056%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.961	+0.024%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.949	−0.064%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.949	−0.063%	$391K	$310K	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	12.960	+0.014%	$1.2M	$2.4M	50x
Pacifica LINK	+0.0100%	1h	12.956	−0.015%	$274K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.945	−0.098%	$119.8M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.941	−0.129%	$83.5M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.945	−0.098%	$27.3M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.962	+0.033%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.951	−0.052%	$128.1M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.951	−0.052%	$32.8M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.957	−0.005%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.948	−0.075%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.943	−0.113%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.956	−0.013%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	−0.028%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.016%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.961	+0.025%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	+0.134%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.953	−0.036%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.957	−0.004%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.973	+0.115%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.958	+0.002%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.944	−0.110%	$635K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.937	−0.159%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.960	+0.014%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.964	+0.052%	$779K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.966	+0.064%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0368%	1h	12.971	+0.103%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.946	−0.091%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.961	+0.029%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0416%	1h	12.956	−0.015%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0535%	8h	12.967	+0.072%	$20.0M	$11.4M	50x	as long as short