Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Aster against Injective+4.727%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.949%−$95 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 4.727% dearer against Injective than usual: you sell high and buy low: +$473 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.949%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	40m 47s	$4K	$48K	12x
Short	Aster LINKUSDT	12.986	0.0100	get 0.0100% / 8h	5h 40m	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +4.727%Rate

Funding earned: $14
Price spread: +4.727% → 0.000%: $472.72
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $478.7
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Aster: live order book, 3 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	1.54 bp	11.4 bp −$11	21.2 bp −$212	doesn't fit	doesn't fit

Injective: 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 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 −0.0090% / S +0.0167%	1h	12.977	+4.651%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.984	+4.710%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.978	+4.658%	$159K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.977	+4.653%	$937K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.970	+4.597%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.972	+4.613%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.983	+4.701%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.974	+4.628%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.978	+4.665%	$395K	$315K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTshort	+0.0100%	8h	12.986	+4.727%	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	12.976	+4.644%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.986	+4.724%	$119.8M	$296.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.981	+4.685%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.982	+4.694%	$27.4M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.995	+4.798%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.987	+4.734%	$128.3M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.988	+4.742%	$32.0M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.993	+4.782%	$23.0M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.979	+4.669%	$54.0M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.986	+4.726%	—	$22.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	+4.605%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.006	+4.886%	$43K	$304K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+4.924%	$583K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.011	+4.927%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.982	+4.694%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.973	+4.617%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.993	+4.781%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.973	+4.621%	$14K	$49K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.969	+4.587%	$640K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.983	+4.701%	$692K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.972	+4.613%	$544K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0105%	1h	12.986	+4.726%	$339K	$378K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0128%	1h	12.975	+4.637%	$771K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.979	+4.669%	$5.3M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0335%	1h	12.974	+4.626%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.975	+4.636%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.977	+4.657%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0631%	8h	12.987	+4.734%	$20.0M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0686%	1h	12.995	+4.798%	$81.2M	$27.0M	10x	as long as short