Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against Aster−0.142%55s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as 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−$360.358% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.142%, 7d avg −0.025%
=Together, before fees−0.155%+ Points / potential airdropAster: Stage 5 · farm board−$15 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: Backpack is 0.117% cheaper against Aster than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 55 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 | 0.2446 | 0.0100 | pay 0.0100% / 8h | 6h 53m | $1.2M | $967K | 75x |
| Short | Backpack ADA_USDC_PERP | 0.2443 | 0.0100 | get 0.0013% / 1h | 53m 11s | $129K | $424K | 15x |
Aster ADAUSDT
Backpack ADA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.142% → −0.025%
- −$11.73
- Slippage, 4 orders
- −$17.83
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$47.56
- Costs to cover
- 0.358%
- Break-even
- never at this rate
Slippage from Aster: live order book, 5 min ago; Backpack: live order book, 15 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, 5 min ago | 2.04 bp | 12.3 bp −$12 | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 15 min ago | 0.81 bp | 6.6 bp −$7 | 9.6 bp −$96 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ADAUSDT | −0.0012% | 1h | 0.2452 | +0.230% | $56K | $587K | 50x | as long as short |
| dYdX ADA-USD | 0.0000% | 1h | 0.2442 | −0.195% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2445 | −0.057% | $208K | $6.2M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2447 | +0.037% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.006% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2448 | +0.066% | $422K | $7.4M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2447 | +0.005% | $42.6M | $14.3M | 10x | as long as short |
| Aster ADAUSDTlong | +0.0100% | 8h | 0.2446 | long leg | $1.2M | $967K | 75x | |
| Pacifica ADA | +0.0100% | 1h | 0.2442 | −0.170% | $157K | $156K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2449 | +0.107% | $101.9M | $374.3M | 75x | as long as short |
ApeX Omni ADAUSDT
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2448 | +0.066% | $72.0M | $107.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2449 | +0.107% | $32.4M | $108.0M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2447 | +0.025% | $98.3M | $58.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2448 | +0.066% | $50.0M | $50.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2448 | +0.066% | $30.0M | $18.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2448 | +0.066% | $65.5M | $46.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2448 | +0.066% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERPshort | +0.0100% | 1h | 0.2443 | −0.142% | $129K | $424K | 15x | |
| Variational Omni ADA | +0.0100% | 8h | 0.2434 | −0.501% | $4.2M | $992K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2450 | +0.168% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2436 | −0.424% | $285K | $3.7M | 10x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2445 | −0.036% | $92K | $654K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2448 | +0.066% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2449 | +0.112% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2449 | +0.108% | $9K | $773K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2448 | +0.058% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2448 | +0.084% | $1.3M | $5.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2449 | +0.107% | $47.7M | $6.4M | 50x | as long as short |
| Lighter ADA | +0.0104% | 1h | 0.2449 | +0.111% | $2.4M | $1.0M | 10x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2448 | +0.062% | $530K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2441 | −0.200% | $20K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2441 | −0.220% | $4K | $87K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2448 | +0.066% | $4.5M | $5.6M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0282% | 1h | 0.2447 | +0.027% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0355% | 1h | 0.2447 | +0.019% | $6.2M | $12.0M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0526% | 1h | 0.2449 | +0.123% | $490K | $462K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0621% / S −0.0389% | 1h | 0.2446 | +0.003% | $140K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Lighter ADA
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]