Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Aster−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.027% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2474	0.0100	pay 0.0100% / 8h	3h 13m	$1.2M	$1.0M	75x
Short	gTrade (Gains Network) ADA/USD	0.2473	L +0.0005% / S −0.0003%	get 0.0000% / 1h	13m 17s	$85K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.027%Rate

Funding earned: −$20.35
Price spread: −0.027% → 0.000%: −$2.71
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.06
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 5 min ago	2.02 bp	10.1 bp −$10	24.9 bp −$249	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2470	−0.159%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2469	−0.202%	$137K	$6.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2473	−0.027%	$85K	—	150x
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2471	−0.101%	$6.3M	$13.1M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.121%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2473	−0.040%	$397K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2472	−0.069%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2474	long leg	$1.2M	$1.0M	75x
Pacifica ADA	+0.0100%	1h	0.2471	−0.117%	$158K	$170K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2474	−0.014%	$104.6M	$390.1M	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	0.2472	−0.081%	$74.3M	$115.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2473	−0.040%	$33.1M	$111.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2472	−0.081%	$100.6M	$62.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2472	−0.081%	$59.6M	$62.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2474	−0.004%	$29.6M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2472	−0.081%	$67.3M	$51.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2473	−0.040%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2463	−0.442%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2468	−0.240%	$66K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2469	−0.202%	$290K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2472	−0.081%	$228K	$756K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2472	−0.069%	$93K	$629K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2472	−0.081%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2473	−0.044%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2475	+0.037%	$8K	$746K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	−0.089%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2472	−0.098%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2472	−0.081%	$48.2M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2473	−0.052%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	−0.130%	$534K	$1.8M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0160%	1h	0.2469	−0.190%	$124K	$472K	15x	as long as short
Phoenix ADA	+0.0161%	1h	0.2468	−0.238%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2469	−0.202%	$4.6M	$5.8M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0276%	1h	0.2473	−0.032%	$608K	$533K	50x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2472	−0.081%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0318%	1h	0.2474	+0.004%	$44.0M	$16.3M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0624% / S −0.0585%	1h	0.2474	−0.019%	$140K	—	100x	as long as short