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% APRpaid last 24h 0.000%

Price spread now: Aster against Pacifica−0.034%7-day average +0.025% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.034%, 7d avg +0.025%

Together, before fees+0.173%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board+$17 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 0.059% cheaper against Pacifica than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	12.912	0.0100	pay 0.0013% / 1h	43m 10s	$275K	$183K	10x
Short	Aster LINKUSDT	12.908	0.0100	get 0.0100% / 8h	43m 10s	$1.3M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.025%: −$5.9
Slippage, 4 orders: −$26.41
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.31
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from Pacifica: live order book, 60 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 Pacifica live order book, 60 min ago	4.66 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.54 bp	10.2 bp −$10	16.7 bp −$167	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 −0.0087% / S +0.0165%	1h	12.912	−0.001%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0063%	8h	12.900	−0.093%	$91K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.914	+0.017%	$507K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.912	−0.002%	$808K	$268K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.911	−0.010%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.965%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.917	+0.040%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.905	−0.057%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.916	+0.033%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.913	+0.012%	$353K	$340K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.922	+0.077%	$80.9M	$28.0M	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	12.908	−0.034%	$1.3M	$2.4M	50x
Pacifica LINKlong	+0.0100%	1h	12.912	long leg	$275K	$183K	10x
Binance LINKUSDT	+0.0100%	8h	12.904	−0.062%	$119.2M	$298.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.901	−0.085%	$83.3M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.903	−0.070%	$27.0M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.934	+0.170%	$181K	$95K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.913	+0.008%	$133.5M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.906	−0.046%	$34.5M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.919	+0.054%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.909	−0.023%	$54.0M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.912	0.000%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.915	+0.023%	$335K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.924	+0.093%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.933	+0.159%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.917	+0.039%	$587K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.921	+0.070%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.918	+0.046%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.904	−0.062%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.925	+0.101%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.905	−0.054%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.905	−0.052%	$631K	$778K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.906	−0.045%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.900	−0.093%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.908	−0.032%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.919	+0.054%	$930K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.904	−0.062%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0400%	1h	12.910	−0.017%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0502%	1h	12.911	−0.006%	$344K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0553%	8h	12.922	+0.077%	$20.0M	$11.4M	50x	as long as short