Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h 0.000%
Price spread now: Injective against Aster+1.402%57s7-day average −0.265% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 4 days (all we have)−2.688%−$269 · spread now +1.402%, 7d avg −0.265%
Together, before fees−2.761%+ Points / potential airdropAster: Stage 5 · farm board−$276 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.667% dearer against Aster than usual: you sell high and buy low (spread +1.402% now, against its 7-day average of −0.265%): +$167 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ADAUSDT0.24370.0100pay 0.0100% / 8h24m 20s$1.2M$1.2M75x
ShortInjective ADA/USDC PERP0.24710.0033get 0.0004% / 1h24m 20s$849$202K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$14
Price spread: +1.402% → −0.265%
$166.69
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$144.67
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: live order book, 4 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 4 min ago4.09 bp11.1 bp −$1125.5 bp −$255doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2435−0.094%$200K$2K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2436−0.020%$83K150xas long as short
Injective ADA/USDC PERPshort+0.0033%1h0.2471+1.402%$849$202K12x
Lighter ADA+0.0096%1h0.2437+0.027%$2.4M$1.0M10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2436−0.034%$6K$5K20xas long as short
Hyperliquid ADA+0.0100%1h0.2437+0.011%$42.8M$18.1M10xas long as short
Aster ADAUSDTlong+0.0100%8h0.2437long leg$1.2M$1.2M75x
Pacifica ADA+0.0100%1h0.2436−0.030%$156K$180K10xas long as short
Binance ADAUSDT+0.0100%8h0.2437+0.007%$102.8M$407.5M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2437+0.007%$72.5M$126.3M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2437+0.007%$32.4M$117.9M50xas long as short
Gate ADA_USDT+0.0100%8h0.2436−0.034%$99.5M$65.3M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2437+0.007%$51.7M$65.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2437+0.023%$29.5M$16.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2436−0.034%$66.2M$53.9M75xas long as short
BingX ADA-USDT+0.0100%8h0.2437+0.007%$20.2Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2436−0.030%$138K$485K15xas long as short
Variational Omni ADA+0.0100%8h0.2436−0.032%$4.1M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2443+0.242%$65K$287K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2443+0.251%$295K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2442+0.212%$77K$894K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2437−0.010%$121K$1.3M10xas long as short
Derive ADA-PERP+0.0100%1h0.2436−0.024%$39K$4K5xas long as short
SunX ADA-USDT+0.0100%8h0.2439+0.070%$8K$755K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2437−0.014%$335$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2435−0.068%$1.3M$7.1M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2435−0.075%$47.1M$7.6M50xas long as short
Kalshi KXADAPERP+0.0101%8h0.2438+0.048%$225K$7.7M3.2xas long as short
Paradex ADA-USD-PERP+0.0103%8h0.2436−0.039%$20K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2436−0.040%$512K$1.8M50xas long as short
Coinbase International ADA-PERP-INTX+0.0144%1h0.2437+0.007%$378K$8.4M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2439+0.089%$4.5M$5.8M75xas long as short
Phoenix ADA+0.0228%1h0.2439+0.076%$2K$112K10xas long as short
Reya ADARUSDPERP+0.0273%1h0.2436−0.037%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0281%1h0.2436−0.021%$6.3M$14.0M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0369% / S −0.0295%1h0.2436−0.027%$86K100xas long as short
Deribit ADA_USDC-PERPETUAL+0.0489%1h0.2438+0.048%$621K$614K50xas long as short