Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8hnext payment +$1.20 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against Aster−0.029%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Aster Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.029%, 7d avg +0.026%

Together, before fees+0.339%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.055% cheaper against Aster than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.026%). If the spread goes back, that is −$6 on $10k: about 37 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2434	0.0100	pay 0.0100% / 8h	4h 06m	$1.1M	$1.0M	75x
Short	BloFin ADA-USDT	0.2433	0.0220	get 0.0220% / 8h	4h 06m	$4.4M	$5.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.029%Rate

Funding earned: $25.2
Price spread: −0.029% → +0.026%: −$5.54
Slippage, 4 orders: −$22.92
Fee Aster: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.27
Costs to cover: 0.429%
Break-even: 13.5 days

Slippage from Aster: live order book, just now; BloFin: live order book, 6 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, just now	2.06 bp	10.5 bp −$11	24.7 bp −$247	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	6.17 bp	12.2 bp −$12	12.2 bp −$122	15.2 bp −$1,516	41.0 bp −$20.5K

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
Injective ADA/USDC PERP	−0.0071%	1h	0.2441	+0.299%	$838	$97K	12x	as long as short
dYdX ADA-USD	0.0000%	1h	0.2434	+0.016%	$200K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2434	+0.012%	$131K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2434	+0.006%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2430	−0.153%	$454K	$7.0M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2435	+0.065%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2434	−0.001%	$42.3M	$13.9M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2434	long leg	$1.1M	$1.0M	75x
Pacifica ADA	+0.0100%	1h	0.2434	+0.005%	$155K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2435	+0.038%	$101.4M	$345.6M	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	0.2431	−0.111%	$70.7M	$99.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2431	−0.111%	$32.2M	$102.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2432	−0.070%	$95.8M	$56.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2434	+0.012%	$52.4M	$57.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2433	−0.013%	$30.3M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2433	−0.029%	$64.4M	$41.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2434	+0.012%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2434	−0.001%	$104K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2434	+0.032%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2436	+0.096%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2435	+0.068%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2435	+0.053%	$55K	$573K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2435	+0.045%	$93K	$730K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2434	+0.012%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2434	+0.023%	$39K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2435	+0.053%	$9K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2434	−0.009%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2434	+0.028%	$1.3M	$4.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2434	+0.012%	$47.4M	$5.3M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2435	+0.065%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2433	−0.037%	$586K	$1.8M	50x	as long as short
Phoenix ADA	+0.0197%	1h	0.2437	+0.123%	$4K	$87K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0202%	1h	0.2435	+0.041%	$475K	$361K	50x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2433	−0.029%	$4.4M	$5.1M	75x
Reya ADARUSDPERP	+0.0289%	1h	0.2433	−0.014%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0426%	1h	0.2434	+0.008%	$6.1M	$10.8M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0436% / S −0.0207%	1h	0.2434	−0.006%	$95K	—	100x	as long as short