LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0370%/8h= −40.5% APRnext payment −$3.70 per $10,000 · paid last 24h −0.076%

Price spread now: Aster against Phemex−0.059%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.059%, 7d avg −0.061%

Together, before fees−0.264%+ Points / potential airdropAster: Stage 5 · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.236% in total (about -12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LINKUSDT	13.201	0.0470	pay 0.0470% / 8h	7h 09m	$20.4M	$11.5M	50x
Short	Aster LINKUSDT	13.193	0.0100	get 0.0100% / 8h	7h 09m	$1.4M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$77.65
Price spread: −0.059% → −0.061%: $0.2
Slippage, 4 orders: −$24.29
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$121.74
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 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 Phemex live order book, 5 min ago	1.89 bp	12.4 bp −$12	16.5 bp −$165	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.89 bp	11.2 bp −$11	18.5 bp −$185	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	13.188	−0.096%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.201	+0.003%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.189	−0.090%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.068%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.187	−0.109%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0038%	1h	13.194	−0.051%	$784K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.186	−0.114%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.187	−0.109%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.247	+0.350%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.190	−0.080%	$404K	$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 LINKUSDTshort	+0.0100%	8h	13.193	−0.059%	$1.4M	$3.0M	50x
Pacifica LINK	+0.0100%	1h	13.199	−0.018%	$277K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.188	−0.098%	$122.4M	$298.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.185	−0.121%	$85.0M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.185	−0.121%	$27.6M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.211	+0.076%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.194	−0.053%	$130.6M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.191	−0.076%	$36.7M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.199	−0.015%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.186	−0.114%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.189	−0.091%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.240%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.174	−0.207%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	−0.130%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.159%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.198	−0.023%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.186	−0.111%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.210	+0.065%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.186	−0.114%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.182	−0.146%	$649K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.183	−0.133%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.191	−0.076%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.203	+0.015%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0171%	1h	13.199	−0.015%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.170	−0.235%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.193	−0.064%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.188	−0.102%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0425%	1h	13.200	−0.008%	$350K	$48K	10x	as long as short
Phemex LINKUSDTlong	+0.0470%	8h	13.201	long leg	$20.4M	$11.5M	50x
Hyperliquid LINK	+0.0553%	1h	13.207	+0.045%	$81.6M	$25.0M	10x	as long as short