Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Aster+0.012%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.237%−$24 on $10k

Price spread, last 4 days (all we have)+0.318%+$32 · spread now +0.012%, 7d avg −0.013%

Together, before fees+0.081%+ Points / potential airdropAster: Stage 5 · farm board+$8 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: Polymarket Perps is 0.025% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2497	0.0100	pay 0.0100% / 8h	5h 20m	$1.2M	$998K	75x
Short	Polymarket Perps ADA-USD	0.2497	0.0100	get 0.0013% / 1h	20m 55s	$97K	$677K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.013%: $2.5
Slippage, 4 orders: −$15.4
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$28.9
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Polymarket Perps: live order book, 42 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, 2 min ago	2.01 bp	8.4 bp −$8	23.8 bp −$238	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 42 min ago	3.05 bp	7.1 bp −$7	8.9 bp −$89	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	0.2494	−0.140%	$205K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2495	−0.065%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.041%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2498	+0.040%	$416K	$7.7M	50x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2497	long leg	$1.2M	$998K	75x
Pacifica ADA	+0.0100%	1h	0.2495	−0.083%	$160K	$161K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2496	−0.040%	$105.8M	$371.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2495	−0.080%	$72.8M	$110.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2495	−0.080%	$33.3M	$107.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2495	−0.080%	$100.0M	$60.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDT	+0.0100%	8h	0.2495	−0.080%	$54.4M	$59.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2495	−0.068%	$30.0M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2495	−0.080%	$67.0M	$49.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2497	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2497	+0.008%	$140K	$432K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2495	−0.079%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2479	−0.725%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2482	−0.590%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2482	−0.601%	$229K	$735K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2497	+0.012%	$97K	$677K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2496	−0.040%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2496	−0.040%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2499	+0.080%	$9K	$745K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2496	−0.036%	$343	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2497	+0.016%	$1.3M	$6.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2496	−0.040%	$48.6M	$6.5M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2495	−0.080%	$162K	$6.3M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2494	−0.106%	$539K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0111%	8h	0.2498	+0.056%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0133%	1h	0.2498	+0.036%	$43.4M	$14.4M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2480	−0.665%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2497	+0.020%	$2.5M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2497	0.000%	$4.6M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0257%	1h	0.2495	−0.063%	$6.4M	$12.6M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2497	−0.001%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0419% / S −0.0214%	1h	0.2495	−0.087%	$94K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0752%	1h	0.2497	+0.008%	$590K	$443K	50x	as long as short