Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.029%

Price spread now: Aster against gTrade (Gains Network)−0.188%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.188% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.188% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ADA/USD	0.2457	L +0.0005% / S −0.0003%	pay 0.0001% / 1h	57m 55s	$88K	—	150x
Short	Aster ADAUSDT	0.2452	0.0100	get 0.0100% / 8h	2h 57m	$1.2M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.188%Rate

Funding earned: $20.01
Price spread: −0.188% → 0.000%: −$18.81
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.8
Costs to cover: 0.180%
Break-even: 12.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 5 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	2.03 bp	12.1 bp −$12	22.3 bp −$223	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2461	+0.173%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2457	+0.010%	$153K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USDlong	L +0.0005% / S −0.0003%	1h	0.2457	long leg	$88K	—	150x
Deribit ADA_USDC-PERPETUAL	+0.0035%	1h	0.2455	−0.051%	$477K	$359K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2451	−0.234%	$431K	$7.1M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2455	−0.067%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	−0.210%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2452	−0.188%	$1.2M	$1.1M	75x
Pacifica ADA	+0.0100%	1h	0.2462	+0.211%	$157K	$148K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2453	−0.136%	$102.1M	$357.7M	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	0.2452	−0.193%	$71.1M	$101.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2453	−0.153%	$32.2M	$105.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2452	−0.193%	$97.3M	$56.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2451	−0.234%	$52.8M	$56.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	−0.189%	$30.7M	$18.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2452	−0.193%	$65.5M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2452	−0.193%	—	$20.7M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	−0.218%	$101K	$425K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2465	+0.317%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2463	+0.248%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2462	+0.216%	$297K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.254%	$55K	$578K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.157%	$96K	$704K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	−0.031%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2457	+0.005%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	+0.212%	$9K	$764K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	−0.096%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	−0.163%	$1.3M	$4.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	−0.153%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2462	+0.225%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2451	−0.225%	$566K	$1.8M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2467	+0.397%	$4K	$81K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2466	+0.377%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2457	+0.028%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0336%	1h	0.2453	−0.158%	$6.1M	$11.7M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0521% / S −0.0277%	1h	0.2456	−0.021%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.010%	$844	$95K	12x	as long as short