LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0357%/8h= +39.1% APRnext payment +$3.57 per $10,000 · paid last 24h +0.105%

Price spread now: Phemex against Aster+0.062%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.062%, 7d avg +0.062%

Together, before fees+0.276%+ Points / potential airdropAster: Stage 5 · farm board+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	12.907	0.0100	pay 0.0100% / 8h	7h 53m	$1.2M	$2.4M	50x
Short	Phemex LINKUSDT	12.915	0.0457	get 0.0457% / 8h	7h 53m	$20.0M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.062%Rate

Funding earned: $74.96
Price spread: +0.062% → +0.062%: −$0.01
Slippage, 4 orders: −$24.24
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: $30.71
Costs to cover: 0.442%
Break-even: 4.1 days

Slippage from Aster: live order book, 5 min ago; Phemex: live order book, 6 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	1.94 bp	7.1 bp −$7	20.5 bp −$205	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	1.93 bp	17.1 bp −$17	31.2 bp −$312	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
Orderly PERP_LINK_USDC	−0.0104%	8h	12.891	−0.124%	$90K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.898	−0.072%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.912	+0.037%	$514K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.899	−0.066%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.928%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.898	−0.066%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.910	+0.022%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.896	−0.085%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.898	−0.072%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.896	−0.085%	$349K	$336K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.914	+0.054%	$80.6M	$28.0M	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	12.907	long leg	$1.2M	$2.4M	50x
Pacifica LINK	+0.0100%	1h	12.897	−0.079%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.907	0.000%	$119.2M	$297.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.902	−0.038%	$83.6M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.907	0.000%	$27.1M	$80.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.919	+0.093%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.897	−0.077%	$133.8M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.907	0.000%	$34.8M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.909	+0.016%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.902	−0.038%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.899	−0.062%	—	$23.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.891	−0.121%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.879	−0.215%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.882	−0.191%	$580K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.873	−0.263%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.909	+0.016%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.919	+0.096%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.912	+0.041%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.897	−0.077%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.866	−0.318%	$629K	$745K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.894	−0.097%	$615K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.901	−0.047%	$541K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0127%	1h	12.905	−0.015%	$335K	$385K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0184%	1h	12.904	−0.022%	$807K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.941	+0.264%	$930K	$3.1M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.878	−0.224%	$5.3M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0363%	1h	12.901	−0.049%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0402%	1h	12.904	−0.021%	$4K	—	20x	as long as short
Phemex LINKUSDTshort	+0.0457%	8h	12.915	+0.062%	$20.0M	$11.5M	50x