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 0.000%

Price spread now: Aster against Paradex−0.082%49s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · Aster: 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 0.082% cheaper against Paradex than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Paradex ADA-USD-PERP	0.2456	0.0100	pay 0.0100% / 8h	1h 51m	$21K	$250	20x
Short	Aster ADAUSDT	0.2454	0.0100	get 0.0100% / 8h	1h 51m	$1.2M	$999K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$0.07
Price spread: −0.082% → 0.000%: −$8.16
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20.23
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 1 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	4.07 bp	10.6 bp −$11	25.8 bp −$258	doesn't fit	doesn't fit

Paradex: 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	0.2452	−0.131%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2457	+0.059%	$165K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	−0.063%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2452	−0.144%	$407K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2454	−0.063%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2454	−0.079%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2454	−0.083%	$42.5M	$14.5M	10x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2454	−0.082%	$1.2M	$999K	75x
Pacifica ADA	+0.0100%	1h	0.2455	−0.020%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2453	−0.106%	$101.5M	$356.1M	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	0.2453	−0.104%	$70.7M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	−0.063%	$31.8M	$105.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2452	−0.144%	$96.6M	$57.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	−0.144%	$52.8M	$50.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	−0.067%	$30.3M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2453	−0.104%	$65.7M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2453	−0.104%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	−0.030%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	+0.193%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2464	+0.327%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2464	+0.344%	$298K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2465	+0.385%	$56K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	+0.084%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	−0.063%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	−0.045%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	−0.024%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	−0.047%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	−0.008%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	−0.104%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0100%	8h	0.2456	long leg	$21K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2453	−0.099%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2454	−0.059%	$4K	$74K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0198%	1h	0.2455	−0.018%	$477K	$350K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.059%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2457	+0.069%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.429%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2454	−0.074%	$122K	—	100x	as long as short