Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Aster+0.020%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.249%−$25 on $10k

Price spread, last 4 days (all we have)+0.780%+$78 · spread now +0.020%, 7d avg −0.016%

Together, before fees+0.531%+ Points / potential airdropAster: Stage 5 · farm board+$53 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: Polymarket Perps is 0.036% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2458	0.0100	pay 0.0100% / 8h	7h 53m	$1.2M	$1.2M	75x
Short	Polymarket Perps ADA-USD	0.2459	0.0100	get 0.0013% / 1h	53m 27s	$117K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.016%: $3.64
Slippage, 4 orders: −$14.37
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$26.73
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: live order book, 10 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, 5 min ago	2.04 bp	9.3 bp −$9	26.3 bp −$263	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 10 min ago	0.20 bp	4.2 bp −$4	5.4 bp −$54	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	0.2455	−0.106%	$202K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.190%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.529%	$849	$202K	12x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2458	long leg	$1.2M	$1.2M	75x
Pacifica ADA	+0.0100%	1h	0.2456	−0.077%	$157K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2459	+0.028%	$104.0M	$407.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2458	0.000%	$73.3M	$127.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	+0.041%	$32.7M	$119.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.122%	$100.7M	$61.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2459	+0.041%	$54.3M	$66.6M	300x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ADAUSDTM	+0.0100%	8h	0.2457	−0.049%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	+0.041%	$66.7M	$54.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2457	−0.041%	—	$20.3M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2455	−0.118%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.249%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2450	−0.334%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	−0.325%	$75K	$896K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2459	+0.020%	$117K	$1.4M	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	−0.122%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	+0.166%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.009%	$8K	$754K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	−0.142%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	−0.005%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	−0.163%	$47.5M	$7.6M	50x	as long as short
Kalshi KXADAPERP	+0.0102%	8h	0.2456	−0.081%	$212K	$7.8M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	−0.068%	$506K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2457	−0.029%	$21K	$250	20x	as long as short
Lighter ADA	+0.0112%	1h	0.2457	−0.037%	$2.4M	$996K	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2453	−0.203%	$365K	$8.5M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	−0.090%	$2K	$113K	10x	as long as short
Backpack ADA_USDC_PERP	+0.0172%	1h	0.2455	−0.110%	$141K	$486K	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0199%	1h	0.2455	−0.139%	$6.4M	$14.1M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2452	−0.244%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2460	+0.062%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0361%	1h	0.2462	+0.146%	$43.6M	$18.3M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2454	−0.160%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0565%	1h	0.2456	−0.081%	$637K	$738K	50x	as long as short