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 Variational Omni+0.064%7-day average +0.013% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.064%, 7d avg +0.013%

Together, before fees−0.040%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$4 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 0.051% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ADA	0.2454	0.0100	pay 0.0100% / 8h	0m 12s	$4.2M	$1.1M	—
Short	Aster ADAUSDT	0.2456	0.0100	get 0.0100% / 8h	0m 12s	$1.2M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → +0.013%: $5.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$2.88
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aster: live order book, 3 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 Variational Omni RFQ quote, 4 min ago	6.11 bp	doesn't fit	10.2 bp −$102	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.04 bp	8.4 bp −$8	24.4 bp −$244	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	0.2454	−0.001%	$202K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	−0.027%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.686%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2457	+0.103%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	−0.007%	$6K	$5K	20x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2456	+0.064%	$1.2M	$1.2M	75x
Pacifica ADA	+0.0100%	1h	0.2456	+0.071%	$157K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	+0.061%	$103.8M	$407.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2455	+0.034%	$73.2M	$127.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	+0.034%	$32.7M	$119.3M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2454	−0.007%	$100.3M	$65.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	+0.034%	$54.3M	$66.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	+0.026%	$29.7M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	+0.034%	$66.6M	$54.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2455	+0.034%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2456	+0.087%	$142K	$486K	15x	as long as short
Variational Omni ADAlong	+0.0100%	8h	0.2454	long leg	$4.2M	$1.1M	—
edgeX ADAUSDC	+0.0100%	4h	0.2453	−0.062%	$66K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	−0.106%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.088%	$76K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	+0.022%	$116K	$1.4M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2453	−0.059%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.078%	$8K	$754K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	+0.013%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2456	+0.063%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2455	+0.034%	$47.5M	$7.6M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2456	+0.066%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	−0.010%	$505K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2455	+0.034%	$234K	$7.7M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2456	+0.075%	$369K	$8.5M	50x	as long as short
Hyperliquid ADA	+0.0186%	1h	0.2458	+0.146%	$43.5M	$18.3M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	+0.075%	$4.5M	$5.9M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2457	+0.103%	$3K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2454	−0.004%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0279%	1h	0.2455	+0.025%	$6.4M	$14.1M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0361%	1h	0.2456	+0.066%	$640K	$722K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2454	−0.024%	$87K	—	100x	as long as short