Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against SunX−0.084%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$580.578% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.084%, 7d avg −0.061%

Together, before fees+0.034%+ Points / potential airdropAster: Stage 5 · farm board+$3 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 0.023% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	13.134	0.0100	pay 0.0100% / 8h	2h 33m	$33K	$1.5M	30x
Short	Aster LINKUSDT	13.123	0.0100	get 0.0100% / 8h	2h 33m	$1.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.061%: −$2.26
Slippage, 4 orders: −$41.84
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$60.1
Costs to cover: 0.578%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Aster: live order book, 5 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 SunX live order book, 12 min ago	13.68 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.53 bp	6.7 bp −$7	12.4 bp −$124	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 +0.0165%	1h	13.115	−0.144%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.126	−0.059%	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.119	−0.115%	$711K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.117	−0.127%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.118	−0.122%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0027%	1h	13.123	−0.088%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.590%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0048%	8h	13.109	−0.192%	$134K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0059%	8h	13.098	−0.275%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.121	−0.100%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.119	−0.113%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.121	−0.097%	$398K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.127	−0.055%	$77.6M	$23.6M	10x	as long as short
Aster LINKUSDTshort	+0.0100%	8h	13.123	−0.084%	$1.6M	$2.7M	50x
Pacifica LINK	+0.0100%	1h	13.122	−0.094%	$275K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.115	−0.146%	$121.2M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.115	−0.146%	$84.5M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.117	−0.131%	$27.6M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.132	−0.017%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.118	−0.123%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.116	−0.139%	$35.9M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.120	−0.108%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.113	−0.161%	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.115	−0.146%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.125	−0.070%	$363K	$371K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.099	−0.266%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.106	−0.216%	$592K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.110	−0.184%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.123	−0.085%	$80K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.112	−0.172%	$16K	$16K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.134	long leg	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.115	−0.146%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.105	−0.220%	$644K	$911K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.112	−0.171%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.118	−0.122%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.122	−0.093%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.118	−0.123%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.115	−0.146%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.130	−0.032%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.126	−0.066%	$7.0M	$7.8M	50x	as long as short