Funding arb · Price arb /

LINK

all LINK markets

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: Arcus against Aster+0.165%7-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−$38as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.165%, 7d avg +0.029%

Together, before fees−0.228%+ Points / potential airdropAster: Stage 5 · farm board−$23 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: Arcus is 0.135% dearer against Aster than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.883	0.0100	pay 0.0100% / 8h	4h 49m	$1.3M	$2.3M	50x
Short	Arcus LINK-USD	12.904	0.0100	get 0.0013% / 1h	49m 06s	$180K	$165K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now +0.165%Rate

Funding earned: $0
Price spread: +0.165% → +0.029%: $13.54
Slippage, 4 orders: −$39.39
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$38.35
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Arcus: live order book, 9 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 Aster live order book, 4 min ago	1.93 bp	8.4 bp −$8	17.1 bp −$171	doesn't fit	doesn't fit
Sell Arcus live order book, 9 min ago	13.93 bp	16.3 bp −$16	26.0 bp −$260	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	12.883	+0.005%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.895	+0.092%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.883	+0.005%	$158K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0022%	1h	12.889	+0.051%	$769K	$189K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.748%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.880	−0.022%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.886	+0.023%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.884	+0.009%	$939K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.925	+0.328%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.896	+0.104%	$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	12.893	+0.075%	$390K	$310K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.883	long leg	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	12.896	+0.105%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.886	+0.025%	$119.1M	$296.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.881	−0.014%	$83.2M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.882	−0.006%	$27.2M	$81.2M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	12.904	+0.165%	$180K	$165K	10x
Gate LINK_USDT	+0.0100%	8h	12.887	+0.033%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.883	+0.002%	$32.0M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.888	+0.040%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.884	+0.009%	$53.6M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.885	+0.017%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.891	+0.064%	$338K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.903	+0.159%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	+0.471%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	+0.433%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	+0.242%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.889	+0.048%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.881	−0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.900	+0.132%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.885	+0.017%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.883	+0.005%	$631K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.879	−0.033%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.889	+0.049%	$541K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.886	+0.025%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0387%	1h	12.899	+0.126%	$80.8M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.878	−0.033%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.887	+0.035%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0608%	8h	12.901	+0.141%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0770%	1h	12.896	+0.102%	$342K	$30K	10x	as long as short