Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bitget−0.017%7-day average +0.022% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.032%−$3 · spread now −0.017%, 7d avg +0.022%

Together, before fees−0.004%+ Points / potential airdropAster: Stage 5 · farm board$0 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: Aster is 0.038% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2450	0.0100	pay 0.0100% / 8h	4h 51m	$65.8M	$50.0M	75x
Short	Aster ADAUSDT	0.2450	0.0100	get 0.0100% / 8h	4h 51m	$1.2M	$980K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → +0.022%: −$3.84
Slippage, 4 orders: −$14.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.79
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Aster: live order book, 2 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 Bitget live order book, 3 min ago	2.04 bp	8.0 bp −$8	12.9 bp −$129	35.4 bp −$3,536	129.4 bp −$64.7K
Sell Aster live order book, 2 min ago	2.03 bp	10.0 bp −$10	21.9 bp −$219	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	0.2450	−0.018%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	+0.041%	$145K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2449	−0.026%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.857%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2456	+0.245%	$412K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2450	+0.001%	$6.2M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2451	+0.053%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2451	+0.057%	$42.6M	$14.9M	10x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2450	−0.017%	$1.2M	$980K	75x
Pacifica ADA	+0.0100%	1h	0.2451	+0.021%	$159K	$161K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2453	+0.131%	$103.6M	$372.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2449	−0.041%	$71.4M	$111.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2452	+0.082%	$32.6M	$105.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	−0.041%	$97.9M	$58.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	0.000%	$61.1M	$59.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.012%	$29.6M	$15.0M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2450	long leg	$65.8M	$50.0M	75x
BingX ADA-USDC	+0.0100%	8h	0.2450	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	+0.033%	$125K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	−0.079%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	+0.348%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2458	+0.310%	$287K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	+0.286%	$227K	$741K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2450	+0.020%	$92K	$684K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	0.000%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	+0.010%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2452	+0.082%	$9K	$740K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	+0.012%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2450	+0.002%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	0.000%	$47.7M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.027%	$530K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2451	+0.035%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0195%	1h	0.2454	+0.155%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2452	+0.082%	$4.5M	$5.7M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2451	+0.021%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0485%	1h	0.2451	+0.024%	$585K	$486K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0624% / S −0.0463%	1h	0.2450	−0.009%	$149K	—	100x	as long as short