Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%

Price spread now: Aster against Extended+0.081%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.081%, 7d avg +0.052%

Together, before fees+0.093%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$9 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 0.029% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2454	0.0104	pay 0.0013% / 1h	11m 28s	$532K	$1.8M	50x
Short	Aster ADAUSDT	0.2456	0.0100	get 0.0100% / 8h	6h 11m	$1.2M	$971K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$0.84
Price spread: +0.081% → +0.052%: $2.89
Slippage, 4 orders: −$16.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.33
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Aster: live order book, 2 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 Extended live order book, 2 min ago	2.04 bp	4.5 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	4.07 bp	8.4 bp −$8	18.8 bp −$188	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	0.2455	+0.028%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	+0.020%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.698%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2452	−0.077%	$404K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2456	+0.103%	$42.8M	$14.4M	10x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2456	+0.081%	$1.2M	$971K	75x
Pacifica ADA	+0.0100%	1h	0.2456	+0.073%	$158K	$157K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2457	+0.110%	$103.1M	$371.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2456	+0.086%	$72.2M	$108.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	+0.209%	$32.6M	$107.5M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2453	−0.036%	$98.0M	$60.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	+0.046%	$59.1M	$52.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	+0.050%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	+0.046%	$65.7M	$47.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2456	+0.086%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2458	+0.180%	$130K	$410K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.075%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.056%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2455	+0.026%	$297K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	+0.127%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	+0.042%	$94K	$670K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	+0.086%	$6K	$26K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2460	+0.255%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	+0.206%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.229%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	+0.155%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	+0.209%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2454	long leg	$532K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0107%	8h	0.2455	+0.056%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0108%	8h	0.2457	+0.127%	$163K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	+0.082%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2457	+0.115%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2455	+0.045%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0353%	1h	0.2459	+0.197%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2454	+0.010%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0441%	1h	0.2460	+0.262%	$503K	$470K	50x	as long as short