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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment $1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Aster against BloFin−0.051%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$350.351% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.193%−$19 on $10k
Price spread, last 4 days (all we have)−0.139%−$14 · spread now −0.051%, 7d avg −0.023%
Together, before fees−0.332%+ Points / potential airdropAster: Stage 5 · farm board−$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aster is 0.028% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ADA-USDT0.25010.0220pay 0.0220% / 8h3h 32m$4.6M$5.9M75x
ShortAster ADAUSDT0.25000.0100get 0.0100% / 8h3h 32m$1.2M$1.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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
−$25.2
Price spread: −0.051% → −0.023%
−$2.79
Slippage, 4 orders
−$15.15
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$63.14
Costs to cover
0.351%
Break-even
never at this rate
Slippage from BloFin: live order book, 6 min ago; Aster: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 6 min ago1.99 bp8.0 bp −$88.0 bp −$8013.5 bp −$1,35145.4 bp −$22.7K
Sell Aster live order book, just now4.00 bp8.0 bp −$823.8 bp −$238doesn't fitdoesn't fit

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%1h0.2498−0.117%$206K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2500−0.040%$147K$6.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2500−0.027%$85K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2501+0.008%$6.4M$13.0M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.200%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2500−0.040%$394K$8.2M50xas long as short
Lighter ADA+0.0096%1h0.2502+0.036%$2.5M$1.1M10xas long as short
Aster ADAUSDTshort+0.0100%8h0.2500−0.051%$1.2M$1.0M75x
Pacifica ADA+0.0100%1h0.2500−0.023%$161K$170K10xas long as short
Binance ADAUSDT+0.0100%8h0.25010.000%$106.6M$382.8M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.25010.000%$74.9M$112.8M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2502+0.040%$33.5M$111.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2498−0.120%$102.1M$60.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2499−0.080%$61.2M$61.8M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2500−0.044%$30.1M$15.3M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2499−0.080%$68.0M$51.3M75xas long as short
BingX ADA-USDT+0.0100%8h0.2499−0.080%$20.2Mas long as short
Variational Omni ADA+0.0100%8h0.2508+0.282%$4.4M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2507+0.250%$67K$285K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2507+0.240%$303K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2507+0.240%$231K$753K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2500−0.028%$95K$616K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.25010.000%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2502+0.039%$41K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2502+0.038%$9K$738K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2501+0.004%$344$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2501+0.016%$1.4M$6.7M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2500−0.040%$48.7M$6.9M50xas long as short
Extended ADA-USD+0.0104%1h0.2498−0.109%$542K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0113%8h0.2502+0.028%$21K$25020xas long as short
Phoenix ADA+0.0161%1h0.2508+0.272%$4K$95K10xas long as short
BloFin ADA-USDTlong+0.0220%8h0.2501long leg$4.6M$5.9M75x
Reya ADARUSDPERP+0.0277%1h0.2500−0.021%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0317%1h0.2501+0.008%$139K$463K15xas long as short
Hyperliquid ADA+0.0477%1h0.2502+0.044%$44.8M$16.0M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0550%1h0.2503+0.064%$621K$523K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0616% / S −0.0569%1h0.2500−0.042%$139K100xas long as short