Funding arb · Price arb /

ADA

all ADA markets

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 Variational Omni+0.039%7-day average +0.015% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.039%, 7d avg +0.015%

Together, before fees−0.098%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$10 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 0.025% dearer against Variational Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ADA	0.2460	0.0100	pay 0.0100% / 8h	2h 18m	$4.2M	$1.0M	—
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 Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.015%: $2.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.54
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Aster: live order book, 4 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 Variational Omni RFQ quote, just now	6.09 bp	doesn't fit	10.1 bp −$101	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	0.2463	+0.104%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2464	+0.148%	$154K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2462	+0.087%	$478K	$353K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2462	+0.055%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2462	+0.066%	$408K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2464	+0.131%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	+0.066%	$42.7M	$14.5M	10x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2461	+0.039%	$1.2M	$1.0M	75x
Pacifica ADA	+0.0100%	1h	0.2463	+0.098%	$158K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2461	+0.039%	$101.8M	$355.1M	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	0.2461	+0.026%	$70.7M	$99.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2461	+0.026%	$32.0M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	−0.015%	$97.3M	$58.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	−0.015%	$52.9M	$56.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	+0.034%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	+0.026%	$65.9M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2461	+0.026%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2462	+0.054%	$101K	$410K	15x	as long as short
Variational Omni ADAlong	+0.0100%	8h	0.2460	long leg	$4.2M	$1.0M	—
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.044%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	−0.253%	$289K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2462	+0.066%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2463	+0.091%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2462	+0.066%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	+0.077%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2464	+0.148%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	+0.046%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	+0.107%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2461	+0.026%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2464	+0.131%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	+0.036%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2464	+0.144%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	+0.066%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2463	+0.100%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0335%	1h	0.2462	+0.055%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0505% / S −0.0263%	1h	0.2461	+0.036%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.828%	$838	$131K	12x	as long as short