Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Extended against Aster−0.006%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.006%, 7d avg −0.061%

Together, before fees−0.091%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$9 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: Extended is 0.055% dearer against Aster than usual: you sell high and buy low, +$5 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	Aster ADAUSDT	0.2475	0.0100	pay 0.0100% / 8h	4h 31m	$1.2M	$985K	75x
Short	Extended ADA-USD	0.2475	0.0104	get 0.0013% / 1h	31m 53s	$536K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0.84
Price spread: −0.006% → −0.061%: $5.47
Slippage, 4 orders: −$17.16
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.85
Costs to cover: 0.302%
Break-even: 205.8 days

Slippage from Aster: live order book, 1 min ago; Extended: 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, 1 min ago	2.02 bp	15.1 bp −$15	30.6 bp −$306	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.03 bp	4.5 bp −$5	9.9 bp −$99	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	0.2470	−0.220%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2472	−0.121%	$155K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2471	−0.146%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.162%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2449	−1.051%	$424K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0091%	1h	0.2474	−0.054%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2475	+0.012%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2475	long leg	$1.2M	$985K	75x
Pacifica ADA	+0.0100%	1h	0.2472	−0.131%	$161K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2476	+0.040%	$104.9M	$370.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2475	0.000%	$72.2M	$108.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2478	+0.121%	$33.0M	$105.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2475	0.000%	$98.9M	$59.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2475	0.000%	$61.4M	$60.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2474	−0.044%	$29.9M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2475	0.000%	$66.6M	$49.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2475	0.000%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2475	−0.012%	$123K	$445K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	−1.048%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	−0.765%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	−0.748%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.808%	$226K	$743K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2473	−0.089%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2472	−0.121%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2473	−0.069%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2474	−0.041%	$8K	$733K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2474	−0.040%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2474	−0.055%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2473	−0.081%	$48.2M	$6.6M	50x	as long as short
Extended ADA-USDshort	+0.0104%	1h	0.2475	−0.006%	$536K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0109%	8h	0.2472	−0.106%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0179%	1h	0.2475	+0.016%	$43.0M	$14.8M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2463	−0.493%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2469	−0.242%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2471	−0.142%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0595% / S −0.0547%	1h	0.2472	−0.131%	$133K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0721%	1h	0.2475	−0.004%	$600K	$489K	50x	as long as short