Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Aster−0.123%7-day average −0.014% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.123%, 7d avg −0.014%

Together, before fees−0.096%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$10 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: Variational Omni is 0.109% cheaper against Aster than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2460	0.0100	pay 0.0100% / 8h	1h 02m	$1.2M	$924K	75x
Short	Variational Omni ADA	0.2457	0.0100	get 0.0100% / 8h	1h 02m	$4.2M	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.014%: −$10.9
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.9
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 1 min ago	4.06 bp	12.9 bp −$13	30.1 bp −$301	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	6.10 bp	doesn't fit	14.2 bp −$142	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	0.2460	0.000%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2462	+0.074%	$154K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	−0.026%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2460	−0.008%	$414K	$7.4M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2460	+0.002%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.110%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	+0.053%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2460	long leg	$1.2M	$924K	75x
Pacifica ADA	+0.0100%	1h	0.2461	+0.044%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2462	+0.067%	$102.3M	$360.6M	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	0.2460	−0.008%	$71.6M	$102.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2461	+0.033%	$31.9M	$106.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	−0.008%	$97.2M	$59.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	−0.008%	$53.0M	$51.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	+0.029%	$30.2M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	+0.033%	$66.0M	$43.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2461	+0.033%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2461	+0.037%	$109K	$418K	15x	as long as short
Variational Omni ADAshort	+0.0100%	8h	0.2457	−0.123%	$4.2M	$1.0M	—
edgeX ADAUSDC	+0.0100%	4h	0.2458	−0.070%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2458	−0.093%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	−0.292%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2459	−0.044%	$96K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2460	−0.008%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2461	+0.041%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2461	+0.034%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.005%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2462	+0.060%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2460	−0.008%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2461	+0.044%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	+0.014%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2458	−0.077%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2464	+0.155%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2460	−0.025%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.440%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0400%	1h	0.2461	+0.045%	$480K	$396K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2459	−0.046%	$122K	—	100x	as long as short