Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Aster+0.160%59s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.486% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now +0.160%, 7d avg +0.002%

Together, before fees−0.035%+ Points / potential airdropAster: Stage 5 · farm board−$3 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: ApeX Omni is 0.158% dearer against Aster than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 59 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	Aster ADAUSDT	0.2455	0.0100	pay 0.0100% / 8h	1h 28m	$1.2M	$920K	75x
Short	ApeX Omni ADAUSDT	0.2459	0.0100	get 0.0013% / 1h	28m 36s	$56K	$580K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → +0.002%: $15.82
Slippage, 4 orders: −$30.61
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.79
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; ApeX Omni: live order book, 54 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	2.04 bp	14.8 bp −$15	31.4 bp −$314	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 54 min ago	4.06 bp	10.7 bp −$11	44.9 bp −$449	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	−0.005%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2452	−0.125%	$171K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	−0.062%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2453	−0.084%	$410K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2456	+0.034%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2459	+0.140%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2457	+0.095%	$42.5M	$14.5M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2455	long leg	$1.2M	$920K	75x
Pacifica ADA	+0.0100%	1h	0.2456	+0.046%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.107%	$101.8M	$358.5M	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	0.2456	+0.038%	$71.1M	$101.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	−0.043%	$31.8M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.003%	$96.8M	$58.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2456	+0.038%	$52.7M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	+0.038%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2457	+0.079%	$65.8M	$43.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2456	+0.038%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	+0.075%	$102K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	−0.158%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	+0.155%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	−0.135%	$293K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2459	+0.160%	$56K	$580K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	−0.068%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	−0.003%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2456	+0.037%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2457	+0.078%	$9K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2456	+0.038%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	−0.080%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2456	+0.038%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2457	+0.078%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	+0.040%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2452	−0.145%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	+0.038%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2453	−0.080%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.649%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0442%	1h	0.2457	+0.075%	$477K	$350K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2454	−0.041%	$122K	—	100x	as long as short