Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against Aster−0.144%90s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.413% of the position

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now −0.144%, 7d avg −0.017%

Together, before fees−0.197%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board−$20 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: GRVT is 0.127% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2461	0.0100	pay 0.0100% / 8h	1h 02m	$1.2M	$924K	75x
Short	GRVT ADA_USDT_Perp	0.2458	0.0100	get 0.0100% / 8h	1h 02m	$288K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → −0.017%: −$12.67
Slippage, 4 orders: −$24.34
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$54.01
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; GRVT: 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	4.06 bp	12.9 bp −$13	30.1 bp −$301	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	2.03 bp	9.8 bp −$10	22.3 bp −$223	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	0.2460	−0.051%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	−0.018%	$154K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	−0.036%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2460	−0.058%	$414K	$7.4M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2461	−0.018%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.055%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	+0.023%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2461	long leg	$1.2M	$924K	75x
Pacifica ADA	+0.0100%	1h	0.2461	−0.007%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2461	0.000%	$102.2M	$360.6M	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	0.2460	−0.058%	$71.6M	$102.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2462	+0.023%	$31.9M	$106.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	−0.058%	$97.2M	$59.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2461	−0.018%	$53.0M	$51.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	−0.010%	$30.2M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	−0.018%	$66.0M	$43.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2461	−0.018%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2462	+0.007%	$109K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2457	−0.173%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2458	−0.121%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perpshort	+0.0100%	8h	0.2458	−0.144%	$288K	$3.8M	10x
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	−0.343%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	−0.034%	$96K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	−0.018%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	+0.012%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	+0.023%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	+0.003%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2462	+0.016%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2461	−0.018%	$48.0M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2461	−0.007%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	−0.037%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2458	−0.127%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2464	+0.104%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2461	−0.035%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.389%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0319%	1h	0.2462	+0.031%	$480K	$395K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2461	−0.033%	$122K	—	100x	as long as short