Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Derive against Aster−0.059%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno 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: Derive is 0.059% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ADAUSDT0.25020.0100pay 0.0100% / 8h3h 34m$1.2M$1.0M75x
ShortDerive ADA-PERP0.25000.0100get 0.0013% / 1h34m 22s$41K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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

Funding earned
$0
Price spread: −0.059% → 0.000%
−$5.94
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Derive: 3 bp × 2 orders
−$6
Net
−$19.94
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 4 min ago3.99 bp11.7 bp −$1230.5 bp −$305doesn't fitdoesn't fit
Sell Derive no order-book sample
Derive: 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.

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2501−0.039%$206K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2507+0.209%$164K$6.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2499−0.101%$85K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2506+0.181%$6.4M$13.0M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.230%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2505+0.129%$403K$8.2M50xas long as short
Lighter ADA+0.0096%1h0.2507+0.201%$2.5M$1.1M10xas long as short
Aster ADAUSDTlong+0.0100%8h0.2502long leg$1.2M$1.0M75x
Pacifica ADA+0.0100%1h0.2502+0.017%$161K$170K10xas long as short
Binance ADAUSDT+0.0100%8h0.2500−0.060%$106.5M$382.6M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2499−0.111%$74.9M$112.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2500−0.071%$33.5M$110.8M50xas long as short
Gate ADA_USDT+0.0100%8h0.2497−0.191%$102.1M$60.8M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2500−0.071%$61.3M$61.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2500−0.083%$30.0M$15.3M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2499−0.111%$68.0M$51.2M75xas long as short
BingX ADA-USDC+0.0100%8h0.2500−0.071%$6.6Mas long as short
Variational Omni ADA+0.0100%8h0.2508+0.251%$4.4M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2508+0.241%$67K$285K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2503+0.035%$293K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2507+0.209%$231K$753K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2500−0.055%$95K$616K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2500−0.071%$6K$6K20xas long as short
Derive ADA-PERPshort+0.0100%1h0.2500−0.059%$41K$2K5x
SunX ADA-USDT+0.0100%8h0.2502+0.007%$9K$738K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2506+0.189%$345$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2508+0.249%$1.4M$6.6M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2506+0.169%$48.9M$6.6M50xas long as short
Extended ADA-USD+0.0104%1h0.2499−0.100%$542K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0113%8h0.2501−0.012%$21K$25020xas long as short
Phoenix ADA+0.0161%1h0.2508+0.241%$4K$95K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2507+0.209%$4.6M$5.9M75xas long as short
Reya ADARUSDPERP+0.0277%1h0.2499−0.111%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0342%1h0.2508+0.241%$143K$460K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0430%1h0.2501−0.039%$620K$523K50xas long as short
Hyperliquid ADA+0.0482%1h0.2502+0.013%$44.8M$16.0M10xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0616% / S −0.0569%1h0.2499−0.118%$139K100xas long as short