Funding arb · Price arb /

LINK

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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 0.000%

Price spread now: Aster against KuCoin−0.029%7-day average +0.044% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days+0.121%+$12 · spread now −0.029%, 7d avg +0.044%

Together, before fees+0.205%+ Points / potential airdropAster: Stage 5 · farm board+$20 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 0.073% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.007	0.0100	pay 0.0100% / 8h	6h 43m	$22.6M	$14.6M	75x
Short	Aster LINKUSDT	13.003	0.0100	get 0.0100% / 8h	6h 43m	$1.3M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.044%: −$7.34
Slippage, 4 orders: −$23.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$50.63
Costs to cover: 0.433%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Aster: live order book, 5 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 KuCoin live order book, 10 min ago	1.93 bp	14.1 bp −$14	25.5 bp −$255	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.54 bp	10.8 bp −$11	18.7 bp −$187	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	12.991	−0.123%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.021	+0.107%	$467K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.996	−0.085%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.667%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.022	+0.118%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.999	−0.062%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.986	−0.161%	$954K	$2.7M	50x	as long as short
dYdX LINK-USD	+0.0087%	1h	12.982	−0.189%	$344K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.003	−0.034%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.046	+0.302%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.992	−0.115%	$392K	$311K	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.003	−0.029%	$1.3M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	12.982	−0.188%	$275K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.008	+0.008%	$120.2M	$302.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.005	−0.015%	$83.9M	$71.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.005	−0.015%	$27.3M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.995	−0.092%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.004	−0.023%	$128.4M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.005	−0.015%	$34.7M	$58.4M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.007	long leg	$22.6M	$14.6M	75x
Bitget LINKUSDT	+0.0100%	8h	13.005	−0.015%	$53.8M	$30.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.002	−0.038%	—	$22.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.015	+0.062%	$342K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	−0.142%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.009	+0.018%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.013	+0.047%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.015	+0.062%	$134K	$683K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	−0.085%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.004	−0.026%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.005	−0.015%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.004	−0.023%	$15K	$42K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.965	−0.325%	$639K	$871K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.001	−0.044%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.008	+0.010%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0219%	1h	13.011	+0.029%	$773K	$212K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	−0.023%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.987	−0.153%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0445%	1h	13.020	+0.100%	$80.0M	$29.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.009	+0.016%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0567%	8h	13.011	+0.031%	$20.1M	$11.5M	50x	as long as short