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 +0.010%

Price spread now: Aster against Gate+0.079%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.079%, 7d avg +0.042%

Together, before fees+0.074%+ Points / potential airdropAster: Stage 5 · farm board+$7 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% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	12.893	0.0100	pay 0.0100% / 8h	1h 44m	$124.0M	$15.2M	75x
Short	Aster LINKUSDT	12.903	0.0100	get 0.0100% / 8h	1h 44m	$1.2M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.042%: $3.69
Slippage, 4 orders: −$21.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.43
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Aster: live order book, 4 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 Gate live order book, 4 min ago	1.16 bp	10.8 bp −$11	16.0 bp −$160	33.0 bp −$3,300	79.2 bp −$39.6K
Sell Aster live order book, 4 min ago	1.16 bp	10.0 bp −$10	17.1 bp −$171	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 −0.0089% / S +0.0166%	1h	12.892	−0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.879	−0.107%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.892	−0.011%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0005%	8h	12.882	−0.085%	$94K	$1.1M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.824%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.874	−0.147%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.893	−0.003%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.898	+0.041%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.895	+0.019%	$350K	$340K	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	12.903	+0.079%	$1.2M	$2.4M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.901	+0.060%	$275K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.901	+0.059%	$119.1M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.889	−0.031%	$83.3M	$74.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.889	−0.031%	$27.0M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.916	+0.178%	$180K	$94K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	12.893	long leg	$124.0M	$15.2M	75x
MEXC LINK_USDT	+0.0100%	8h	12.903	+0.078%	$34.3M	$58.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.906	+0.101%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.895	+0.016%	$54.0M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.901	+0.062%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.854	−0.301%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.877	−0.123%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.870	−0.178%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.881	−0.093%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.894	+0.008%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.890	−0.026%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.903	+0.078%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.890	−0.023%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.867	−0.198%	$631K	$787K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.895	+0.013%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.894	+0.008%	$541K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0108%	1h	12.897	+0.031%	$336K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.898	+0.039%	$935K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.896	+0.022%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.892	−0.008%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0293%	1h	12.898	+0.040%	$806K	$261K	50x	as long as short
Hyperliquid LINK	+0.0328%	1h	12.904	+0.085%	$80.4M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.886	−0.058%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0577%	8h	12.901	+0.062%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0892%	1h	12.907	+0.106%	$344K	$33K	10x	as long as short