Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Aster−0.031%7-day average −0.033% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.031%, 7d avg −0.033%

Together, before fees−0.042%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2451	0.0100	pay 0.0100% / 8h	2m 43s	$1.2M	$933K	75x
Short	Bybit ADAUSDT	0.2450	0.0100	get 0.0100% / 8h	2m 43s	$71.4M	$104.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.033%: $0.2
Slippage, 4 orders: −$24.49
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.29
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from Aster: live order book, just now; Bybit: live order book, 6 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, just now	4.08 bp	12.5 bp −$12	28.4 bp −$284	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	2.04 bp	11.6 bp −$12	13.2 bp −$132	31.8 bp −$3,175	137.4 bp −$68.7K

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	0.2451	−0.007%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	+0.010%	$213K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	−0.008%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2447	−0.154%	$406K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2452	+0.067%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	+0.054%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2451	long leg	$1.2M	$933K	75x
Pacifica ADA	+0.0100%	1h	0.2451	−0.003%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2450	−0.022%	$101.3M	$366.2M	75x	as long as short
Bybit ADAUSDTshort	+0.0100%	8h	0.2450	−0.031%	$71.4M	$104.0M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2451	+0.010%	$32.4M	$107.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	−0.072%	$97.8M	$60.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	−0.031%	$52.4M	$51.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2451	+0.001%	$30.0M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2450	−0.031%	$65.9M	$43.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2450	−0.031%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	+0.022%	$108K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2441	−0.392%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2445	−0.229%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2444	−0.276%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2444	−0.276%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	+0.001%	$94K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	+0.010%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	+0.039%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2451	+0.011%	$9K	$768K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2451	+0.010%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.008%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	−0.031%	$47.8M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2451	+0.005%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.070%	$553K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2450	−0.011%	$6.2M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2446	−0.207%	$4K	$78K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0199%	1h	0.2452	+0.042%	$492K	$430K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2450	−0.031%	$4.3M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.826%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2451	−0.008%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0564% / S −0.0313%	1h	0.2451	−0.006%	$122K	—	100x	as long as short