Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0297%/8h= +32.5% APRpaid last 24h +0.020%

Price spread now: Kraken Futures against Aster−0.027%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.027%, 7d avg −0.016%

Together, before fees+0.069%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.886	0.0100	pay 0.0100% / 8h	4h 41m	$1.3M	$2.3M	50x
Short	Kraken Futures PF_LINKUSD	12.882	0.0397	get 0.0050% / 1h	41m 42s	$6.7M	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.027%Rate

Funding earned: $62.27
Price spread: −0.027% → −0.016%: −$1.08
Slippage, 4 orders: −$23.16
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $20.03
Costs to cover: 0.412%
Break-even: 4.7 days

Slippage from Aster: live order book, 2 min ago; Kraken Futures: live order book, 2 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	0.39 bp	9.5 bp −$9	21.1 bp −$211	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.48 bp	12.6 bp −$13	15.8 bp −$158	51.4 bp −$5,138	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	12.882	−0.029%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.871	−0.113%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.884	−0.016%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.769%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0059%	8h	12.881	−0.037%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.888	+0.018%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.912	+0.204%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.897	+0.090%	$3K	$84K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	12.884	−0.012%	$769K	$193K	50x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.888	+0.021%	$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	12.886	+0.006%	$390K	$311K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.886	long leg	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	12.890	+0.035%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.889	+0.025%	$119.2M	$297.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.886	+0.002%	$83.1M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.887	+0.010%	$27.2M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.903	+0.134%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.880	−0.044%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.889	+0.025%	$32.1M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.891	+0.041%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.884	−0.013%	$53.6M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.882	−0.029%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.888	+0.018%	$337K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	−0.059%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.875	−0.081%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	+0.004%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	+0.041%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.890	+0.033%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.879	−0.049%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.899	+0.102%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.878	−0.060%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.832	−0.416%	$628K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.878	−0.059%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.881	−0.037%	$540K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.885	−0.006%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0351%	1h	12.900	+0.111%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.878	−0.061%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0397%	1h	12.882	−0.027%	$6.7M	$8.1M	50x
Phemex LINKUSDT	+0.0593%	8h	12.897	+0.088%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0617%	1h	12.884	−0.013%	$341K	$30K	10x	as long as short