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 +0.020%

Price spread now: Aster against GRVT+0.389%90s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.417% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.389%, 7d avg +0.017%

Together, before fees−0.049%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$5 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 0.373% dearer against GRVT than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ADA_USDT_Perp	0.2462	0.0100	pay 0.0100% / 8h	1h 41m	$297K	$3.8M	10x
Short	Aster ADAUSDT	0.2472	0.0100	get 0.0100% / 8h	1h 41m	$1.2M	$919K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now +0.389%Rate

Funding earned: $0
Price spread: +0.389% → +0.017%: $37.26
Slippage, 4 orders: −$24.72
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.46
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Aster: live order book, 1 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 GRVT live order book, 2 min ago	2.03 bp	13.6 bp −$14	20.2 bp −$202	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	2.02 bp	8.4 bp −$8	20.1 bp −$201	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	0.2468	+0.215%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2470	+0.308%	$160K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2471	+0.333%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2471	+0.349%	$422K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0094%	1h	0.2471	+0.364%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2473	+0.434%	$2.5M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2473	+0.414%	$42.8M	$14.5M	10x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2472	+0.389%	$1.2M	$919K	75x
Pacifica ADA	+0.0100%	1h	0.2469	+0.287%	$158K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2473	+0.428%	$102.3M	$355.7M	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	0.2473	+0.430%	$71.8M	$99.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2474	+0.471%	$32.1M	$105.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2470	+0.308%	$97.5M	$57.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2474	+0.471%	$53.5M	$50.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2472	+0.393%	$30.5M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2472	+0.389%	$66.2M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2472	+0.389%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2472	+0.397%	$102K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2458	−0.168%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2463	+0.011%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perplong	+0.0100%	8h	0.2462	long leg	$297K	$3.8M	10x
ApeX Omni ADAUSDT	+0.0100%	1h	0.2464	+0.064%	$56K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2470	+0.328%	$97K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	+0.349%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2472	+0.383%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2472	+0.389%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	+0.369%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2472	+0.376%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2471	+0.349%	$48.2M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2470	+0.299%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2473	+0.412%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2463	+0.016%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2465	+0.105%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2471	+0.357%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.707%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2470	+0.322%	$123K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4760%	1h	0.2533	+2.858%	$492K	$349K	50x	as long as short