Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.007%

Price spread now: Coinbase International against Aster−0.226%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 4 days (all we have)+0.316%+$32 · spread now −0.226%, 7d avg −0.041%

Together, before fees+0.167%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.185% cheaper against Aster than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2487	0.0100	pay 0.0100% / 8h	3h 57m	$1.2M	$992K	75x
Short	Coinbase International ADA-PERP-INTX	0.2481	0.0080	get 0.0010% / 1h	57m 32s	$423K	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.226%Rate

Funding earned: −$4.2
Price spread: −0.226% → −0.041%: −$18.49
Slippage, 4 orders: −$23.57
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$64.26
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Coinbase International: live order book, 1 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, 1 min ago	4.02 bp	14.0 bp −$14	32.9 bp −$329	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	4.04 bp	10.4 bp −$10	17.9 bp −$179	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	0.2484	−0.119%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2480	−0.266%	$198K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2479	−0.311%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2485	−0.061%	$6.4M	$12.5M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.628%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0080%	1h	0.2481	−0.226%	$423K	$7.8M	50x
Aster ADAUSDTlong	+0.0100%	8h	0.2487	long leg	$1.2M	$992K	75x
Pacifica ADA	+0.0100%	1h	0.2485	−0.053%	$161K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2488	+0.071%	$105.4M	$372.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2488	+0.055%	$72.6M	$108.8M	75x	as long as short

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	0.2489	+0.096%	$33.3M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2484	−0.105%	$99.2M	$58.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2484	−0.105%	$62.5M	$59.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2486	−0.029%	$30.1M	$15.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2488	+0.055%	$67.0M	$49.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2484	−0.105%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2486	−0.013%	$133K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2481	−0.223%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2480	−0.276%	$66K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2480	−0.265%	$291K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2479	−0.307%	$229K	$748K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2488	+0.063%	$96K	$692K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2481	−0.226%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2482	−0.192%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2480	−0.267%	$9K	$730K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2484	−0.105%	$342	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2484	−0.106%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2485	−0.065%	$48.5M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2482	−0.173%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0113%	8h	0.2485	−0.050%	$21K	$250	20x	as long as short
Lighter ADA	+0.0168%	1h	0.2487	+0.003%	$2.5M	$1.0M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2478	−0.343%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2478	−0.347%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2489	+0.076%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0596% / S −0.0547%	1h	0.2478	−0.340%	$134K	—	100x	as long as short
Hyperliquid ADA	+0.0614%	1h	0.2491	+0.184%	$44.0M	$15.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0637%	1h	0.2483	−0.162%	$609K	$496K	50x	as long as short