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 +0.006%

Price spread now: Aster against Binance+0.001%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days+0.072%+$7 · spread now +0.001%, 7d avg +0.038%

Together, before fees+0.130%+ Points / potential airdropAster: Stage 5 · farm board+$13 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: Aster is 0.037% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	13.029	0.0100	pay 0.0100% / 8h	6h 28m	$119.6M	$304.0M	75x
Short	Aster LINKUSDT	13.029	0.0100	get 0.0100% / 8h	6h 28m	$1.3M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → +0.038%: −$3.69
Slippage, 4 orders: −$12.58
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.27
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Aster: 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 Binance live order book, 16 min ago	0.38 bp	6.8 bp −$7	11.3 bp −$113	39.1 bp −$3,905	131.2 bp −$65.6K
Sell Aster live order book, 6 min ago	1.16 bp	10.6 bp −$11	19.0 bp −$190	doesn't fit	doesn't fit

LINK on 39 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	13.025	−0.033%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.021	−0.065%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.028	−0.008%	$150K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.828%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.972	−0.436%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.026	−0.023%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.023	−0.046%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.030	+0.006%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.041	+0.096%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.009	−0.154%	$395K	$317K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTshort	+0.0100%	8h	13.029	+0.001%	$1.3M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	12.990	−0.298%	$275K	$170K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	13.029	long leg	$119.6M	$304.0M	75x
Bybit LINKUSDT	+0.0100%	8h	13.024	−0.038%	$83.9M	$72.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.025	−0.031%	$27.4M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.004	−0.192%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.029	0.000%	$128.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.027	−0.015%	$33.2M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.030	+0.008%	$22.7M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.027	−0.015%	$54.2M	$31.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.028	−0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	−0.587%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.963	−0.510%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	−0.658%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.961	−0.522%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.026	−0.023%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.028	−0.007%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.043	+0.109%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.030	+0.008%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.990	−0.301%	$641K	$860K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0104%	1h	13.041	+0.092%	$339K	$386K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	13.022	−0.056%	$688K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.034	+0.038%	$547K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0257%	1h	13.037	+0.058%	$774K	$212K	50x	as long as short
dYdX LINK-USD	+0.0296%	1h	12.986	−0.330%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.019	−0.080%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0413%	1h	13.044	+0.115%	$80.4M	$26.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.036	+0.051%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0595%	8h	13.035	+0.046%	$20.1M	$11.5M	50x	as long as short