Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Aster+0.028%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−$297as in the Price arb table

costs, in and out, $10k−$3023.024% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.028%, 7d avg −0.029%

Together, before fees−0.108%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.057% dearer against Aster than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.029%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.181	0.0100	pay 0.0100% / 8h	7h 08m	$1.4M	$3.0M	50x
Short	gTrade (Gains Network) LINK/USD	13.184	L +0.0004% / S −0.0007%	get 0.0001% / 1h	8m 08s	$134K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.028%Rate

Funding earned: −$19.58
Price spread: +0.028% → −0.029%: $5.68
Slippage, 4 orders: −$284.45
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$316.35
Costs to cover: 3.024%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 61 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	1.89 bp	7.8 bp −$8	18.1 bp −$181	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 61 min ago	130.01 bp	142.5 bp −$142	1049.2 bp −$10.5K	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 −0.0091% / S +0.0167%	1h	13.182	+0.013%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.078%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0007%	1h	13.184	+0.028%	$134K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.922%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.187	+0.046%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.181	+0.003%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.186	+0.038%	$2.0M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	13.189	+0.061%	$783K	$212K	50x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.228	+0.358%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.170	−0.076%	$404K	$307K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTlong	+0.0100%	8h	13.181	long leg	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.179	−0.015%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.185	+0.034%	$122.4M	$298.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.182	+0.011%	$84.9M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.177	−0.027%	$27.6M	$83.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.194	+0.102%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.181	+0.003%	$130.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.181	+0.003%	$36.6M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.185	+0.034%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.177	−0.027%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.180	−0.004%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.085%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.174	−0.052%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.025%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.004%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.185	+0.034%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.181	+0.002%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.195	+0.113%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.183	+0.018%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	−0.095%	$649K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.179	−0.012%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.183	+0.016%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.178	−0.019%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0165%	1h	13.188	+0.056%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.170	−0.080%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.194	+0.103%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.179	−0.011%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0425%	1h	13.176	−0.034%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0478%	8h	13.198	+0.132%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0550%	1h	13.195	+0.110%	$81.5M	$25.0M	10x	as long as short