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: edgeX against Aster−0.206%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

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

costs, in and out, $10k−$320.320% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.280%+$28 · spread now −0.206%, 7d avg −0.046%

Together, before fees+0.280%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$28 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: edgeX is 0.159% cheaper against Aster than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.922	0.0100	pay 0.0100% / 8h	2h 16m	$1.2M	$2.4M	50x
Short	edgeX LINKUSDC	12.895	0.0100	get 0.0050% / 4h	2h 16m	$43K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → −0.046%: −$15.95
Slippage, 4 orders: −$15.01
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$47.96
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; edgeX: live order book, 31 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, 2 min ago	2.32 bp	7.8 bp −$8	16.8 bp −$168	doesn't fit	doesn't fit
Sell edgeX live order book, 31 min ago	2.32 bp	6.9 bp −$7	10.1 bp −$101	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 −0.0089% / S +0.0166%	1h	12.924	+0.012%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.932	+0.076%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.926	+0.027%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.040%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0036%	8h	12.918	−0.032%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.924	+0.017%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.926	+0.030%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.928	+0.042%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.921	−0.004%	$346K	$343K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.922	long leg	$1.2M	$2.4M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.928	+0.043%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.919	−0.024%	$118.8M	$302.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.917	−0.039%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.919	−0.024%	$27.4M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.944	+0.170%	$181K	$97K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.913	−0.070%	$124.2M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.918	−0.032%	$32.8M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.919	−0.024%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.919	−0.024%	$54.0M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.920	−0.016%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.270%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.895	−0.206%	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.927	+0.038%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.937	+0.115%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.932	+0.077%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.924	+0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.943	+0.159%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.926	+0.030%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	−0.172%	$617K	$782K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.911	−0.089%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.927	+0.038%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0107%	1h	12.930	+0.061%	$337K	$390K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.947	+0.193%	$921K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0199%	1h	12.932	+0.076%	$801K	$246K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.925	+0.023%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0234%	1h	12.933	+0.085%	$80.5M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.928	+0.044%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.925	+0.019%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0564%	8h	12.938	+0.123%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0682%	1h	12.924	+0.013%	$344K	$33K	10x	as long as short