Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against SoDEX−0.134%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.134% cheaper against SoDEX than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ADA-USD	0.2475	0.0100	pay 0.0013% / 1h	56m 19s	$340	$6K	10x
Short	Aster ADAUSDT	0.2472	0.0100	get 0.0100% / 8h	5h 56m	$1.2M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → 0.000%: −$13.38
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$29.38
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	2.02 bp	10.0 bp −$10	24.0 bp −$240	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.064%	$207K	$5K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2475	−0.020%	$205K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2474	−0.055%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0031%	1h	0.2472	−0.145%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.182%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2473	−0.105%	$2.4M	$934K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2474	−0.061%	$44.1M	$17.6M	10x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2472	−0.134%	$1.2M	$1.2M	75x
Pacifica ADA	+0.0100%	1h	0.2475	−0.008%	$159K	$151K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2472	−0.138%	$106.1M	$382.1M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2471	−0.182%	$74.4M	$121.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2472	−0.141%	$32.7M	$108.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2470	−0.222%	$101.7M	$59.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2471	−0.182%	$49.6M	$67.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2471	−0.166%	$29.6M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2472	−0.141%	$67.6M	$50.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2471	−0.182%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2475	−0.004%	$139K	$451K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2475	−0.023%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2477	+0.065%	$66K	$291K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2478	+0.108%	$290K	$3.6M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2478	+0.101%	$71K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2471	−0.186%	$118K	$1.3M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	−0.182%	$6K	$4K	20x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2473	−0.102%	$8K	$674K	30x	as long as short
SoDEX ADA-USDlong	+0.0100%	1h	0.2475	long leg	$340	$6K	10x
HTX ADA-USDT	+0.0100%	8h	0.2473	−0.119%	$1.3M	$6.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2473	−0.101%	$47.7M	$7.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2474	−0.068%	$20K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	−0.195%	$545K	$1.7M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0176%	1h	0.2473	−0.101%	$404K	$8.0M	50x	as long as short
Phoenix ADA	+0.0192%	1h	0.2482	+0.271%	$3K	$103K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0195%	1h	0.2472	−0.133%	$615K	$791K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2474	−0.061%	$4.6M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0270%	1h	0.2471	−0.169%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2476	+0.008%	$88K	—	100x	as long as short