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 0.000%

Price spread now: SunX against Aster+0.101%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$560.561% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.101%, 7d avg +0.064%

Together, before fees−0.027%+ Points / potential airdropAster: Stage 5 · farm board−$3 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: SunX is 0.038% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.205	0.0100	pay 0.0100% / 8h	7h 10m	$1.4M	$3.0M	50x
Short	SunX LINK-USDT	13.218	0.0100	get 0.0100% / 8h	7h 10m	$34K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → +0.064%: $3.78
Slippage, 4 orders: −$40.13
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$52.35
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; SunX: 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, 3 min ago	1.89 bp	7.8 bp −$8	18.1 bp −$181	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	13.64 bp	19.2 bp −$19	doesn't fit	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	13.197	−0.060%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	−0.167%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.199	−0.042%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.093%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.187	−0.136%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0038%	1h	13.196	−0.067%	$784K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	13.193	−0.087%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.188	−0.126%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.257	+0.397%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.200	−0.038%	$405K	$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	13.205	long leg	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.209	+0.032%	$277K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.198	−0.049%	$122.5M	$298.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.192	−0.095%	$85.0M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.192	−0.095%	$27.6M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.218	+0.102%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.202	−0.019%	$130.7M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.201	−0.027%	$36.7M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.206	+0.011%	$23.1M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.189	−0.117%	$54.7M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.197	−0.057%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.266%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	−0.219%	$44K	$311K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	−0.156%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.186%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.206	+0.011%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.191	−0.106%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.218	+0.101%	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.183	−0.163%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.182	−0.168%	$650K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.178	−0.201%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.190	−0.106%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.188	−0.125%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0173%	1h	13.181	−0.178%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.176	−0.216%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.191	−0.102%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.196	−0.064%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0433%	1h	13.210	+0.042%	$350K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0509%	8h	13.203	−0.011%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0557%	1h	13.219	+0.110%	$81.6M	$25.1M	10x	as long as short