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: SunX against Aster−0.062%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on Aster Short on SunX

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)+0.131%+$13 · spread now −0.062%, 7d avg +0.016%

Together, before fees+0.160%+ Points / potential airdropAster: Stage 5 · farm board+$16 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: SunX is 0.078% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2453	0.0100	pay 0.0100% / 8h	6h 32m	$1.2M	$973K	75x
Short	SunX ADA-USDT	0.2452	0.0100	get 0.0100% / 8h	6h 32m	$9K	$771K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → +0.016%: −$7.82
Slippage, 4 orders: −$60.9
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$84.72
Costs to cover: 0.769%
Break-even: never at this rate

Slippage from Aster: live order book, just now; SunX: live order book, 9 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, just now	4.07 bp	10.3 bp −$10	21.4 bp −$214	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	20.79 bp	27.2 bp −$27	36.3 bp −$363	doesn't fit	doesn't fit

ADA on 36 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	0.2459	+0.205%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	−0.127%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.714%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2450	−0.142%	$403K	$7.4M	50x	as long as short
Gate ADA_USDT	+0.0082%	8h	0.2452	−0.060%	$97.7M	$59.6M	75x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2458	+0.176%	$42.8M	$14.4M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2453	long leg	$1.2M	$973K	75x
Pacifica ADA	+0.0100%	1h	0.2458	+0.179%	$159K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2459	+0.207%	$102.7M	$375.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2459	+0.225%	$72.3M	$109.3M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	+0.225%	$32.6M	$108.1M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2458	+0.184%	$49.5M	$51.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	+0.017%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	+0.225%	$65.7M	$46.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2454	+0.021%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2448	−0.207%	$125K	$423K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.055%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	−0.004%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.015%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.021%	$56K	$589K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	−0.117%	$92K	$665K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	−0.101%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	−0.066%	$40K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2452	−0.062%	$9K	$771K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2451	−0.109%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2450	−0.140%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.183%	$47.7M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	−0.066%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2458	+0.191%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0113%	8h	0.2452	−0.060%	$153K	$6.3M	3.2x	as long as short
Lighter ADA	+0.0160%	1h	0.2460	+0.278%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	+0.152%	$4K	$87K	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2451	−0.120%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0355%	1h	0.2449	−0.202%	$6.2M	$12.2M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2451	−0.108%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4766%	1h	0.2512	+2.373%	$513K	$472K	50x	as long as short