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Price arb /

LINK

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Spread before costs (cost unknown: a leg has no order-book sample)+0.026%
7d average+0.007%if it closes, per $10,000$3funding while held, a day+$5.74
Long on GMXShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX LINK/USD [LINK-USDC]12.896L −0.0091% / S +0.0165%get 0.0011% / 1h38m 15s$1.7M—200x
ShortAster LINKUSDT12.9000.0100get 0.0100% / 8h5h 38m$1.4M$2.4M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$2.63
Funding while held
$5.74
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$11.63
Spread needed to break even
0.200%
Slippage unknown: GMX: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0191%
Per $10,000 a day
+$5.74
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Aster live order book, 2 min ago0.77 bp10.4 bp −$1020.1 bp −$201doesn't fitdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestHTX12.870+3.787%Extended12.883+3.892%Derive12.884+3.900%Bybit12.885+3.911%OKX12.885+3.911%Bitget12.886+3.919%BingX12.887+3.927%Kalshi12.889+3.940%SoDEX12.889+3.944%Pacifica12.889+3.947%Binance12.890+3.952%Orderly12.891+3.960%Aevo12.892+3.968%Nado12.892+3.972%Deribit12.893+3.972%gTrade (Gains Network)12.893+3.973%dYdX12.893+3.976%Reya12.894+3.981%Lighter12.894+3.982%Gate12.894+3.984%KuCoin12.894+3.984%Variational Omni12.894+3.985%Paradex12.895+3.988%Kraken Futures12.895+3.990%MEXC12.896+4.000%
GMX12.896+4.001%
Polymarket Perps12.898+4.016%
Aster12.900+4.029%
edgeX12.900+4.030%Coinbase International12.902+4.048%BloFin12.902+4.048%Phoenix12.903+4.055%Arcus12.904+4.065%ApeX Omni12.904+4.065%Hyperliquid12.906+4.081%Phemex12.907+4.089%Backpack12.909+4.105%SunX12.909+4.107%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−3.847%+0.0033%1h$4K$48K12xas long as short
HTX LINK-USDT−0.206%+0.0096%8h$624K$925K75xas long as short
Extended LINK-USD−0.105%+0.0104%1h$651K$1.8M25xas long as short
Derive LINK-PERP−0.097%+0.0100%1h$24K$13K10xas long as short
Bybit LINKUSDT−0.086%−0.0168%8h$82.3M$64.1M75xas long as short
OKX LINK-USDT-SWAP−0.086%−0.0023%8h$26.9M$83.3M50xas long as short
Bitget LINKUSDT−0.079%+0.0089%8h$53.9M$29.5M75xas long as short
BingX LINK-USDT−0.071%+0.0087%8h—$24.7M—as long as short
Kalshi KXLINKPERP−0.059%0.0000%8h$468K$2.3M3.7xas long as short
SoDEX LINK-USD−0.055%+0.0100%1h$4K$39K10xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Pacifica LINK−0.052%+0.0100%1h$272K$167K10xas long as short
Binance LINKUSDT−0.047%+0.0049%8h$116.7M$288.2M75xas long as short
Orderly PERP_LINK_USDC−0.040%+0.0070%8h$142K$1.7M20xas long as short
Aevo LINK-PERP−0.032%+0.0096%1h$542K$3403xas long as short
Nado LINK-PERP−0.028%+0.0100%1h$424K$283K10xas long as short
Deribit LINK_USDC-PERPETUAL−0.028%0.0000%1h$685K$106K50xas long as short
gTrade (Gains Network) LINK/USD−0.028%L +0.0004% / S −0.0006%1h$162K—150xas long as short
dYdX LINK-USD−0.024%0.0000%1h$342K$60K10xas long as short
Reya LINKRUSDPERP−0.019%+0.0364%1h$4K$40020xas long as short
Lighter LINK−0.019%+0.0096%1h$2.0M$2.3M10xas long as short
Gate LINK_USDT−0.017%+0.0068%8h$129.5M$12.1M75xas long as short
KuCoin LINKUSDTM−0.017%+0.0100%8h$21.4M$16.4M75xas long as short
Variational Omni LINK−0.016%−0.0126%8h$3.2M$1.2M—as long as short
Paradex LINK-USD-PERP−0.013%+0.0089%8h$31K$2K20xas long as short
Kraken Futures PF_LINKUSD−0.011%−0.0167%1h$6.0M$6.4M50xas long as short
MEXC LINK_USDT−0.001%+0.0048%8h$33.6M$55.7M300xas long as short
GMX LINK/USD [LINK-USDC]long0.000%L −0.0091% / S +0.0165%1h$1.7M—200x
Polymarket Perps LINK-USD+0.014%+0.0100%1h$77K$56K10xas long as short
Aster LINKUSDTshort+0.026%+0.0100%8h$1.4M$2.4M50x
edgeX LINKUSDC+0.028%+0.0100%4h$43K$306K20xas long as short
Coinbase International LINK-PERP-INTX+0.045%+0.0008%1h$995K$2.6M50xas long as short
BloFin LINK-USDT+0.045%+0.0169%8h$5.2M$13.8M75xas long as short
Phoenix LINK+0.052%−0.0012%1h$7K$68K10xas long as short
Arcus LINK-USD+0.061%+0.0100%1h$181K$126K10xas long as short
ApeX Omni LINKUSDT+0.061%+0.0100%1h$130K$651K50xas long as short
Hyperliquid LINK+0.076%+0.0100%1h$75.3M$22.2M10xas long as short
Phemex LINKUSDT+0.084%+0.0413%8h$20.1M$11.2M50xas long as short
Backpack LINK_USDC_PERP+0.100%+0.0100%1h$351K$370K15xas long as short
SunX LINK-USDT+0.102%+0.0100%8h$33K$1.5M30xas long as short