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: MEXC against Aster+0.063%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.063%, 7d avg −0.030%

Together, before fees−0.154%+ Points / potential airdropAster: Stage 5 · farm board−$15 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: MEXC is 0.093% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2456	0.0100	pay 0.0100% / 8h	1h 19m	$1.2M	$920K	75x
Short	MEXC ADA_USDT	0.2458	0.0100	get 0.0100% / 8h	1h 19m	$53.4M	$50.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → −0.030%: $9.31
Slippage, 4 orders: −$18.24
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$16.92
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; MEXC: 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	4.08 bp	14.1 bp −$14	34.2 bp −$342	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.04 bp	2.0 bp −$2	2.4 bp −$24	14.8 bp −$1,476	42.3 bp −$21.1K

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	0.2455	−0.041%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	−0.059%	$154K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2458	+0.044%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2451	−0.222%	$409K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2452	−0.163%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2457	+0.018%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2458	+0.063%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2456	long leg	$1.2M	$920K	75x
Pacifica ADA	+0.0100%	1h	0.2456	−0.037%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.063%	$101.9M	$360.1M	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	0.2457	+0.022%	$71.3M	$102.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2458	+0.063%	$31.9M	$105.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2457	+0.022%	$96.8M	$58.9M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2458	+0.063%	$53.4M	$50.9M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	+0.071%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2458	+0.063%	$65.9M	$43.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2458	+0.063%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2454	−0.120%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.133%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	−0.032%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2455	−0.073%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.059%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2457	+0.006%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	+0.063%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	+0.083%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.064%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2453	−0.153%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	−0.132%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	−0.182%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2456	−0.033%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	−0.059%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2453	−0.137%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2455	−0.059%	$4.4M	$5.4M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0279%	1h	0.2459	+0.095%	$480K	$351K	50x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2457	+0.005%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.592%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2458	+0.066%	$122K	—	100x	as long as short