Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Aster−0.125%79s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.446% of the position

Long on Aster Short on ApeX Omni

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)+0.165%+$17 · spread now −0.125%, 7d avg 0.000%

Together, before fees+0.165%+ Points / potential airdropAster: Stage 5 · farm board+$17 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: ApeX Omni is 0.126% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2444	0.0100	pay 0.0100% / 8h	10m 17s	$1.2M	$930K	75x
Short	ApeX Omni ADAUSDT	0.2441	0.0100	get 0.0013% / 1h	10m 17s	$55K	$582K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.125%Rate

Funding earned: $0
Price spread: −0.125% → 0.000%: −$12.56
Slippage, 4 orders: −$26.64
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.2
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; ApeX Omni: live order book, 2 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 Aster live order book, 3 min ago	2.05 bp	12.0 bp −$12	27.0 bp −$270	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	4.09 bp	11.2 bp −$11	42.7 bp −$427	doesn't fit	doesn't fit

ADA on 37 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
dYdX ADA-USD	0.0000%	1h	0.2443	−0.038%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2443	−0.044%	$213K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2445	+0.021%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2441	−0.125%	$404K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2446	+0.096%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2446	+0.083%	$42.4M	$14.3M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2444	long leg	$1.2M	$930K	75x
Pacifica ADA	+0.0100%	1h	0.2444	−0.003%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2445	+0.058%	$101.1M	$366.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2444	−0.003%	$71.1M	$104.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2446	+0.079%	$32.3M	$107.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2444	−0.003%	$97.5M	$60.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2444	−0.003%	$52.3M	$51.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2446	+0.075%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2445	+0.038%	$65.8M	$43.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2445	+0.038%	—	$21.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2440	−0.146%	$105K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2439	−0.201%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2441	−0.115%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2441	−0.128%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2441	−0.125%	$55K	$582K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2446	+0.063%	$94K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2445	+0.038%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2445	+0.041%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2446	+0.080%	$9K	$767K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2445	+0.038%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2445	+0.048%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2444	−0.003%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2446	+0.072%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2445	+0.019%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2445	+0.033%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2442	−0.064%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2441	−0.125%	$4.3M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.102%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2444	0.000%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0564% / S −0.0313%	1h	0.2444	−0.003%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4745%	1h	0.2506	+2.518%	$503K	$430K	50x	as long as short