Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Aster−0.137%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.247%+$25 · spread now −0.137%, 7d avg −0.004%

Together, before fees+0.275%+ Points / potential airdropAster: Stage 5 · farm board+$28 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: HTX is 0.133% 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 −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2465	0.0100	pay 0.0100% / 8h	7h 17m	$1.2M	$950K	75x
Short	HTX ADA-USDT	0.2461	0.0100	get 0.0100% / 8h	7h 17m	$1.3M	$5.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.004%: −$13.3
Slippage, 4 orders: −$22.12
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$55.42
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; HTX: live order book, 1 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, 5 min ago	2.03 bp	9.1 bp −$9	28.4 bp −$284	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	1.22 bp	10.2 bp −$10	22.4 bp −$224	62.3 bp −$6,226	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	0.2455	−0.407%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2460	−0.185%	$189K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2462	−0.122%	$87K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.262%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2456	−0.347%	$410K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2466	+0.071%	$6.2M	$11.7M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2466	+0.059%	$4K	$84K	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2465	long leg	$1.2M	$950K	75x
Pacifica ADA	+0.0100%	1h	0.2456	−0.335%	$158K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2469	+0.181%	$102.9M	$366.0M	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	0.2468	+0.140%	$72.5M	$104.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2469	+0.181%	$32.7M	$107.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2467	+0.099%	$98.6M	$59.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2468	+0.140%	$53.3M	$51.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	−0.022%	$30.3M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2468	+0.140%	$66.3M	$44.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2469	+0.181%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2469	+0.197%	$131K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2465	+0.022%	$4.2M	$967K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2466	+0.066%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2466	+0.059%	$292K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	+0.059%	$56K	$585K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	−0.197%	$94K	$649K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	−0.022%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	+0.023%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	−0.105%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	+0.014%	$339	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2461	−0.137%	$1.3M	$5.5M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2466	+0.059%	$48.2M	$5.7M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2457	−0.314%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2468	+0.139%	$537K	$1.8M	50x	as long as short
Lighter ADA	+0.0176%	1h	0.2468	+0.128%	$2.5M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0219%	1h	0.2471	+0.250%	$43.2M	$14.2M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	−0.144%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2460	−0.183%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0626% / S −0.0393%	1h	0.2462	−0.103%	$142K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4756%	1h	0.2525	+2.453%	$507K	$433K	50x	as long as short