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

ADA

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SwapBacktest
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 Orderly−0.086%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.086% cheaper against Orderly than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ADA_USDC0.24600.0100pay 0.0100% / 8h2h 17m$6K$36K20x
ShortAster ADAUSDT0.24580.0100get 0.0100% / 8h2h 17m$1.2M$1.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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
$0
Price spread: −0.086% → 0.000%
−$8.62
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
−$22.62
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Aster: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Aster live order book, just now2.04 bp9.0 bp −$922.4 bp −$224doesn't fitdoesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2460+0.008%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.24600.000%$153K$5.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2460+0.012%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2462+0.081%$408K$7.3M50xas long as short
Lighter ADA+0.0096%1h0.2459−0.028%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2458−0.093%$42.6M$14.5M10xas long as short
Aster ADAUSDTshort+0.0100%8h0.2458−0.086%$1.2M$1.0M75x
Pacifica ADA+0.0100%1h0.2461+0.051%$157K$147K10xas long as short
Binance ADAUSDT+0.0100%8h0.2458−0.095%$101.6M$355.5M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2457−0.122%$70.6M$99.9M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2457−0.122%$31.9M$105.5M50xas long as short
Gate ADA_USDT+0.0100%8h0.2456−0.163%$97.3M$58.0M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2456−0.163%$52.9M$56.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2457−0.118%$30.3M$18.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2456−0.163%$65.8M$42.9M75xas long as short
BingX ADA-USDT+0.0100%8h0.2457−0.122%$20.4Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2457−0.106%$101K$410K15xas long as short
Variational Omni ADA+0.0100%8h0.2460+0.015%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2461+0.059%$66K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2454−0.238%$289K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2462+0.081%$55K$579K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2461+0.033%$97K$624K10xas long as short
Orderly PERP_ADA_USDClong+0.0100%8h0.2460long leg$6K$36K20x
Derive ADA-PERP+0.0100%1h0.2461+0.050%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2462+0.082%$9K$756K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2461+0.057%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2460+0.007%$1.3M$5.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2457−0.122%$48.0M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2462+0.062%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2456−0.154%$559K$1.8M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0116%1h0.2462+0.081%$478K$353K50xas long as short
Phoenix ADA+0.0195%1h0.2464+0.159%$4K$82K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2462+0.081%$4.4M$5.4M75xas long as short
Reya ADARUSDPERP+0.0286%1h0.2461+0.054%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0335%1h0.2461+0.034%$6.2M$11.4M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0505% / S −0.0263%1h0.2460+0.013%$110K100xas long as short
Injective ADA/USDC PERP+0.0533%1h0.2440−0.813%$838$131K12xas long as short