Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Pacifica−0.011%7-day average +0.011% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.395% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.011%, 7d avg +0.011%

Together, before fees−0.005%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$1 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 0.022% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ADA	0.2461	0.0100	pay 0.0013% / 1h	18m 34s	$157K	$147K	10x
Short	Aster ADAUSDT	0.2461	0.0100	get 0.0100% / 8h	2h 18m	$1.2M	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → +0.011%: −$2.15
Slippage, 4 orders: −$23.46
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.61
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Aster: live order book, 4 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 Pacifica live order book, 4 min ago	3.45 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	2.04 bp	8.3 bp −$8	20.0 bp −$200	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	0.2460	−0.043%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2464	+0.111%	$154K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2462	+0.050%	$478K	$353K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2462	+0.019%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2462	+0.030%	$408K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.063%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	+0.026%	$42.7M	$14.5M	10x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2461	−0.011%	$1.2M	$1.0M	75x
Pacifica ADAlong	+0.0100%	1h	0.2461	long leg	$157K	$147K	10x
Binance ADAUSDT	+0.0100%	8h	0.2461	−0.002%	$101.8M	$355.0M	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	0.2460	−0.051%	$70.7M	$99.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2461	−0.011%	$32.0M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	−0.051%	$97.3M	$58.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	−0.051%	$52.9M	$56.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	+0.006%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	+0.030%	$65.9M	$42.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2461	−0.011%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2462	+0.018%	$101K	$410K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.036%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.007%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	−0.290%	$289K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2462	+0.030%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	−0.019%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2462	+0.030%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	+0.041%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2464	+0.112%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	+0.010%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	+0.071%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2461	−0.011%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2462	+0.011%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	0.000%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2464	+0.107%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	+0.030%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2461	+0.002%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0335%	1h	0.2462	+0.019%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0505% / S −0.0263%	1h	0.2461	0.000%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.864%	$838	$131K	12x	as long as short