Funding arb · Price arb /

ADA

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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: Aster against BingX+0.121%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.121%, 7d avg +0.019%

Together, before fees+0.063%+ Points / potential airdropAster: Stage 5 · farm board+$6 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: Aster is 0.103% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDC	0.2461	0.0100	pay 0.0100% / 8h	3h 05m	—	$6.6M	—
Short	Aster ADAUSDT	0.2464	0.0100	get 0.0100% / 8h	3h 05m	$1.2M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.019%: $10.25
Slippage, 4 orders: −$37.16
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$44.91
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Aster: live order book, 3 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 BingX live order book, 1 min ago	2.03 bp	14.8 bp −$15	22.4 bp −$224	75.5 bp −$7,545	628.3 bp −$314.2K
Sell Aster live order book, 3 min ago	4.06 bp	10.8 bp −$11	22.6 bp −$226	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	0.2463	+0.071%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2468	+0.284%	$167K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	−0.011%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0032%	1h	0.2465	+0.163%	$434K	$7.1M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2457	−0.163%	$844	$95K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0075%	1h	0.2462	+0.033%	$478K	$359K	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.073%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2464	+0.118%	$42.7M	$14.2M	10x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2464	+0.121%	$1.2M	$1.1M	75x
Pacifica ADA	+0.0100%	1h	0.2463	+0.093%	$158K	$148K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2462	+0.032%	$102.5M	$355.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2460	−0.041%	$71.3M	$100.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2460	−0.041%	$32.6M	$105.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	−0.041%	$97.4M	$58.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2463	+0.081%	$53.0M	$56.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2462	+0.057%	$30.8M	$18.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	0.000%	$65.7M	$42.7M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2461	long leg	—	$6.6M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2466	+0.215%	$101K	$427K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2464	+0.104%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2467	+0.256%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2467	+0.244%	$292K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2468	+0.284%	$55K	$578K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2463	+0.065%	$96K	$706K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	0.000%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2461	+0.018%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	+0.039%	$9K	$764K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	−0.020%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2461	−0.008%	$1.3M	$4.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2461	0.000%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2464	+0.137%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2460	−0.029%	$591K	$1.8M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2466	+0.215%	$4K	$84K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	0.000%	$4.4M	$5.3M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0256%	1h	0.2461	+0.015%	$6.2M	$11.6M	50x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2462	+0.061%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0521% / S −0.0277%	1h	0.2461	−0.007%	$113K	—	100x	as long as short