Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h +0.018%

Price spread now: Kraken Futures against Aster+0.018%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now +0.018%, 7d avg −0.015%

Together, before fees+0.165%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.032% dearer against Aster than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.015%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.022% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2475	0.0100	pay 0.0100% / 8h	5h 56m	$1.2M	$1.2M	75x
Short	Kraken Futures PF_ADAUSD	0.2475	0.0031	get 0.0004% / 1h	56m 58s	$6.3M	$13.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$14.49
Price spread: +0.018% → −0.015%: $3.25
Slippage, 4 orders: −$28.26
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$57.51
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Kraken Futures: live order book, 5 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	2.02 bp	10.6 bp −$11	26.2 bp −$262	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.22 bp	12.9 bp −$13	15.8 bp −$158	46.5 bp −$4,646	doesn't fit

ADA on 36 exchanges

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	0.2474	−0.044%	$207K	$5K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2475	0.000%	$205K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2474	−0.034%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0031%	1h	0.2475	+0.018%	$6.3M	$13.3M	50x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.162%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2476	+0.057%	$2.4M	$934K	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2475	long leg	$1.2M	$1.2M	75x
Pacifica ADA	+0.0100%	1h	0.2475	−0.010%	$159K	$151K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2475	−0.007%	$106.2M	$383.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2474	−0.040%	$74.5M	$121.6M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2475	0.000%	$32.7M	$108.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2474	−0.040%	$101.9M	$59.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2475	0.000%	$49.7M	$67.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2475	−0.004%	$29.6M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2475	0.000%	$67.7M	$50.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2475	0.000%	—	$18.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2475	+0.016%	$139K	$451K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2475	−0.003%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2477	+0.085%	$66K	$291K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2478	+0.128%	$290K	$3.6M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2478	+0.121%	$71K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2473	−0.081%	$119K	$1.3M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2475	0.000%	$6K	$4K	20x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2476	+0.039%	$8K	$677K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2475	+0.020%	$340	$6K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2474	−0.024%	$1.3M	$6.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2477	+0.081%	$47.8M	$7.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2474	−0.038%	$20K	$589	20x	as long as short
Hyperliquid ADA	+0.0104%	1h	0.2477	+0.061%	$44.2M	$17.6M	10x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2473	−0.073%	$545K	$1.7M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0176%	1h	0.2478	+0.121%	$403K	$8.1M	50x	as long as short
Phoenix ADA	+0.0192%	1h	0.2482	+0.291%	$3K	$103K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2474	−0.040%	$4.6M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0270%	1h	0.2474	−0.049%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0316%	1h	0.2476	+0.057%	$616K	$791K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2476	+0.028%	$88K	—	100x	as long as short