Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: Aster against SoDEX+0.130%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.130% dearer against SoDEX than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LINK-USD	12.896	0.0100	pay 0.0013% / 1h	40m 35s	$11K	$63K	10x
Short	Aster LINKUSDT	12.913	0.0100	get 0.0100% / 8h	4h 40m	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.130%Rate

Funding earned: $0
Price spread: +0.130% → 0.000%: $12.96
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$3.04
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.39 bp	8.0 bp −$8	15.3 bp −$153	doesn't fit	doesn't fit

SoDEX: 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	12.892	−0.030%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.894	−0.012%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.896	−0.003%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.846%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0059%	8h	12.894	−0.016%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.912	+0.124%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.891	−0.039%	$939K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.894	−0.012%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.912	+0.125%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.887	−0.066%	$390K	$311K	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	12.913	+0.130%	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	12.914	+0.141%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.914	+0.137%	$119.4M	$297.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.911	+0.116%	$83.3M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.911	+0.116%	$27.2M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.913	+0.132%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.908	+0.093%	$127.5M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.915	+0.147%	$32.2M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.914	+0.140%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.913	+0.132%	$53.7M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.910	+0.109%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.907	+0.085%	$337K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.888	−0.061%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	+0.031%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	−0.076%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	−0.039%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.896	0.000%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.894	−0.018%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.907	+0.084%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	12.896	long leg	$11K	$63K	10x
HTX LINK-USDT	+0.0100%	8h	12.862	−0.261%	$630K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.909	+0.099%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.897	+0.008%	$541K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0176%	1h	12.903	+0.052%	$770K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.894	−0.016%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0358%	1h	12.929	+0.256%	$81.0M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.886	−0.075%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.899	+0.024%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0585%	8h	12.910	+0.109%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0681%	1h	12.915	+0.144%	$342K	$30K	10x	as long as short