Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0579%/8h= +63.4% APRpaid last 24h +0.062%

Price spread now: GMX against Aster−0.021%7-day average −0.012% · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.173%+$17 on $10k

Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.021%, 7d avg −0.012%

Together, before fees+0.352%+ Points / potential airdropAster: Stage 5 · farm board+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.173% in total (about 18.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2458	0.0100	pay 0.0100% / 8h	1h 08m	$1.2M	$1.1M	75x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2458	L +0.0603% / S −0.0679%	get 0.0085% / 1h	8m 15s	$156K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $121.56
Price spread: −0.021% → −0.012%: −$0.89
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $100.66
Costs to cover: 0.200%
Break-even: 1.2 days

Slippage unknown: Aster: live order book, 5 min ago; GMX: 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	2.03 bp	11.3 bp −$11	26.0 bp −$260	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 36 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
Kalshi KXADAPERP	0.0000%	8h	0.2460	+0.065%	$175K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2457	−0.044%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.512%	$849	$202K	12x	as long as short
dYdX ADA-USD	+0.0034%	1h	0.2456	−0.080%	$202K	$2K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.016%	$6K	$5K	20x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2458	long leg	$1.2M	$1.1M	75x
Pacifica ADA	+0.0100%	1h	0.2458	−0.006%	$157K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2459	+0.032%	$103.6M	$407.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2458	−0.016%	$73.1M	$124.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	+0.024%	$32.7M	$118.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2458	−0.016%	$100.6M	$65.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2458	−0.016%	$51.8M	$65.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	−0.016%	$29.4M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2458	−0.016%	$66.9M	$53.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2458	−0.016%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	+0.067%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	+0.150%	$66K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.102%	$294K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	−0.033%	$128K	$1.3M	10x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	+0.025%	$8K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	+0.024%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2460	+0.048%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	−0.016%	$47.6M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	−0.004%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2459	+0.004%	$21K	$250	20x	as long as short
ApeX Omni ADAUSDT	+0.0120%	1h	0.2461	+0.106%	$79K	$893K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2457	−0.057%	$367K	$8.5M	50x	as long as short
Lighter ADA	+0.0128%	1h	0.2460	+0.049%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2464	+0.207%	$4K	$111K	10x	as long as short
Backpack ADA_USDC_PERP	+0.0166%	1h	0.2461	+0.106%	$136K	$484K	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0169%	1h	0.2459	+0.018%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2463	+0.187%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2458	+0.004%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0302%	1h	0.2459	+0.032%	$43.2M	$18.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0564%	1h	0.2460	+0.061%	$628K	$617K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0603% / S −0.0679%	1h	0.2458	−0.021%	$156K	—	100x