Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: dYdX against Aster−0.080%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2702.695% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$15 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.080%, 7d avg −0.033%

Together, before fees−0.143%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.047% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2464	0.0100	pay 0.0100% / 8h	59m 05s	$1.2M	$924K	75x
Short	dYdX ADA-USD	0.2462	0	get 0.0000% / 1h	59m 05s	$203K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$21
Price spread: −0.080% → −0.033%: −$4.74
Slippage, 4 orders: −$251.52
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$295.26
Costs to cover: 2.695%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; dYdX: live order book, 20 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, 4 min ago	4.06 bp	12.9 bp −$13	30.1 bp −$301	doesn't fit	doesn't fit
Sell dYdX live order book, 20 min ago	83.35 bp	131.7 bp −$132	169.5 bp −$1,695	173.3 bp −$17.3K	182.1 bp −$91.0K

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-USDshort	0.0000%	1h	0.2462	−0.080%	$203K	$4K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2463	−0.041%	$164K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2462	−0.098%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2463	−0.041%	$414K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2465	+0.020%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2465	+0.049%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2464	long leg	$1.2M	$924K	75x
Pacifica ADA	+0.0100%	1h	0.2462	−0.065%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2465	+0.023%	$102.4M	$360.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	0.000%	$71.8M	$102.4M	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	0.2466	+0.081%	$32.0M	$106.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2463	−0.041%	$97.5M	$58.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2463	−0.041%	$53.0M	$50.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	−0.016%	$30.2M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2465	+0.041%	$66.1M	$43.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2464	0.000%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	+0.028%	$109K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2459	−0.196%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	−0.124%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	−0.183%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2460	−0.162%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2462	−0.093%	$96K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	−0.122%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2463	−0.040%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	−0.081%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2463	−0.049%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2462	−0.066%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	0.000%	$48.1M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2462	−0.098%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	−0.061%	$557K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2464	−0.013%	$6.2M	$11.6M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2462	−0.081%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	−0.122%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.284%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2461	−0.119%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0319%	1h	0.2463	−0.024%	$481K	$395K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2462	−0.092%	$122K	—	100x	as long as short