Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Aster−0.406%89s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$450.445% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+1.188%+$119 · spread now −0.406%, 7d avg +0.004%

Together, before fees+1.191%+ Points / potential airdropAster: Stage 5 · farm board+$119 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: ApeX Omni is 0.410% cheaper against Aster than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 89 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	Aster ADAUSDT	0.2465	0.0100	pay 0.0100% / 8h	6h 04m	$1.2M	$982K	75x
Short	ApeX Omni ADAUSDT	0.2455	0.0100	get 0.0013% / 1h	4m 02s	$56K	$590K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.406%Rate

Funding earned: $0
Price spread: −0.406% → +0.004%: −$41
Slippage, 4 orders: −$26.53
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$85.53
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; ApeX Omni: live order book, 64 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 Aster live order book, 4 min ago	2.04 bp	11.4 bp −$11	26.8 bp −$268	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 64 min ago	4.04 bp	11.3 bp −$11	41.3 bp −$413	doesn't fit	doesn't fit

ADA on 36 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	0.2464	−0.061%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.034%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.243%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2463	−0.081%	$403K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2466	+0.045%	$43.0M	$14.3M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2465	long leg	$1.2M	$982K	75x
Pacifica ADA	+0.0100%	1h	0.2466	+0.040%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2466	+0.041%	$103.5M	$369.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	−0.041%	$72.5M	$108.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	0.000%	$32.8M	$106.7M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2464	−0.041%	$98.9M	$60.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2463	−0.081%	$59.2M	$53.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	−0.037%	$30.0M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2464	−0.041%	$66.1M	$47.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2464	−0.041%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	+0.008%	$128K	$410K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2459	−0.241%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2455	−0.413%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	−0.791%	$296K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2455	−0.406%	$56K	$590K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2466	+0.057%	$94K	$670K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2463	−0.081%	$6K	$16K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2464	−0.027%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2467	+0.076%	$8K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	−0.061%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2464	−0.040%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2463	−0.081%	$47.9M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	−0.104%	$534K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2460	−0.203%	$148K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2466	+0.026%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2449	−0.669%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2466	+0.037%	$2.5M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2465	+0.020%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0353%	1h	0.2463	−0.091%	$6.3M	$12.1M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0359%	1h	0.2464	−0.024%	$504K	$470K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0417% / S −0.0202%	1h	0.2463	−0.064%	$96K	—	100x	as long as short