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 −0.012%

Price spread now: Bybit against Aster−0.014%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days−0.074%−$7 · spread now −0.014%, 7d avg −0.059%

Together, before fees−0.170%+ Points / potential airdropAster: 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: Bybit is 0.045% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.982	0.0100	pay 0.0100% / 8h	6h 28m	$1.3M	$3.0M	50x
Short	Bybit LINKUSDT	12.980	0.0100	get 0.0100% / 8h	6h 28m	$83.7M	$72.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.059%: $4.49
Slippage, 4 orders: −$14.23
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.74
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Bybit: 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 Aster live order book, 5 min ago	1.16 bp	7.1 bp −$7	17.4 bp −$174	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.39 bp	9.2 bp −$9	13.8 bp −$138	35.3 bp −$3,533	doesn't fit

LINK on 39 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	12.970	−0.090%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.974	−0.058%	$472K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.970	−0.089%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.482%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.972	−0.074%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.967	−0.114%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.990	+0.063%	$955K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0074%	1h	12.974	−0.057%	$770K	$212K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.967	−0.114%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.020	+0.295%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.978	−0.025%	$395K	$317K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.982	long leg	$1.3M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	12.991	+0.071%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.985	+0.021%	$119.3M	$304.1M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	12.980	−0.014%	$83.7M	$72.3M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.983	+0.009%	$27.3M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.000	+0.140%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.980	−0.014%	$128.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.983	+0.009%	$33.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.980	−0.014%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.983	+0.009%	$54.1M	$30.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.981	−0.006%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.981	−0.006%	$337K	$386K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	−0.226%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.963	−0.148%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	−0.297%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.961	−0.160%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.989	+0.056%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.968	−0.110%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.980	−0.012%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.964	−0.137%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.972	−0.072%	$640K	$860K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.977	−0.040%	$661K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.967	−0.110%	$544K	$2K	3x	as long as short
dYdX LINK-USD	+0.0305%	1h	12.992	+0.078%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.973	−0.071%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0400%	1h	12.990	+0.063%	$79.7M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.966	−0.122%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0622%	8h	12.982	+0.002%	$20.0M	$11.5M	50x	as long as short