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

ADA

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SwapBacktest
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 −0.001%
Price spread now: Orderly against Aster+0.135%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.135% dearer against Aster than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ADAUSDT0.24550.0100pay 0.0100% / 8h5h 45m$1.2M$984K75x
ShortOrderly PERP_ADA_USDC0.24580.0100get 0.0100% / 8h5h 45m$6K$6K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$0
Price spread: +0.135% → 0.000%
$13.47
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$0.53
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 2 min ago; Orderly: 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, 2 min ago2.04 bp12.0 bp −$1229.1 bp −$291doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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%1h0.2452−0.128%$202K$3K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2456+0.072%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.664%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2455+0.012%$444K$7.4M50xas long as short
Hyperliquid ADA+0.0100%1h0.2457+0.078%$42.8M$14.3M10xas long as short
Aster ADAUSDTlong+0.0100%8h0.2455long leg$1.2M$984K75x
Pacifica ADA+0.0100%1h0.2453−0.084%$157K$159K10xas long as short
Binance ADAUSDT+0.0100%8h0.2453−0.063%$102.8M$367.0M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2453−0.069%$72.5M$107.7M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2453−0.069%$32.6M$105.2M50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2452−0.110%$98.0M$58.6M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2454−0.028%$59.9M$55.3M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2454−0.032%$29.7M$16.9M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2453−0.069%$65.6M$47.7M75xas long as short
BingX ADA-USDT+0.0100%8h0.2454−0.028%$20.2Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2456+0.065%$119K$420K15xas long as short
Variational Omni ADA+0.0100%8h0.2456+0.056%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2454−0.032%$65K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2463+0.337%$298K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2452−0.110%$226K$722K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2456+0.045%$94K$674K10xas long as short
Orderly PERP_ADA_USDCshort+0.0100%8h0.2458+0.135%$6K$6K20x
Derive ADA-PERP+0.0100%1h0.2459+0.193%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2460+0.214%$8K$744K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2456+0.053%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2459+0.163%$1.3M$6.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2453−0.069%$47.7M$6.3M50xas long as short
Kalshi KXADAPERP+0.0103%8h0.2457+0.094%$161K$6.2M3.2xas long as short
Extended ADA-USD+0.0104%1h0.2453−0.073%$535K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0108%8h0.2453−0.077%$21K$25020xas long as short
Lighter ADA+0.0160%1h0.2457+0.078%$2.4M$1.0M10xas long as short
Phoenix ADA+0.0163%1h0.2460+0.216%$4K$90K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2453−0.069%$5.7M75xas long as short
Kraken Futures PF_ADAUSD+0.0262%1h0.2454−0.040%$6.2M$12.2M50xas long as short
Reya ADARUSDPERP+0.0280%1h0.2456+0.054%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0416% / S −0.0202%1h0.2457+0.092%$95K100xas long as short
Deribit ADA_USDC-PERPETUAL+0.0523%1h0.2460+0.220%$540K$456K50xas long as short