Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Aster+0.085%7-day average — · you sell dearer than you buy

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

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.085% dearer against Aster than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2513	0.0100	pay 0.0100% / 8h	3h 50m	$1.2M	$1.0M	75x
Short	gTrade (Gains Network) ADA/USD	0.2515	L +0.0005% / S −0.0003%	get 0.0000% / 1h	50m 38s	$86K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.085%Rate

Funding earned: −$20.35
Price spread: +0.085% → 0.000%: $8.5
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$29.85
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. 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 Aster live order book, 2 min ago	3.99 bp	13.1 bp −$13	33.6 bp −$336	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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	0.2512	−0.030%	$207K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2516	+0.112%	$208K	$6.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2515	+0.085%	$86K	—	150x
Kraken Futures PF_ADAUSD	+0.0025%	1h	0.2513	+0.004%	$6.5M	$12.7M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.678%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2514	+0.033%	$427K	$8.1M	50x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2513	long leg	$1.2M	$1.0M	75x
Pacifica ADA	+0.0100%	1h	0.2513	+0.008%	$163K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2514	+0.022%	$105.9M	$378.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2507	−0.246%	$73.8M	$110.7M	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	0.2509	−0.166%	$33.6M	$109.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2511	−0.087%	$102.0M	$59.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2507	−0.246%	$60.4M	$60.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2513	−0.003%	$30.3M	$15.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2509	−0.166%	$67.9M	$50.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2508	−0.206%	—	$20.3M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2514	+0.035%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2507	−0.247%	$67K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2506	−0.297%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2508	−0.206%	$231K	$749K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2513	+0.009%	$97K	$696K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2516	+0.112%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2518	+0.182%	$41K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2518	+0.188%	$9K	$733K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2513	−0.015%	$346	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2514	+0.039%	$1.4M	$6.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2515	+0.072%	$49.1M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2508	−0.214%	$546K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0115%	8h	0.2509	−0.163%	$21K	$250	20x	as long as short
Lighter ADA	+0.0128%	1h	0.2516	+0.104%	$2.5M	$1.1M	10x	as long as short
Phoenix ADA	+0.0161%	1h	0.2520	+0.287%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2518	+0.192%	$4.6M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2516	+0.112%	$1K	—	15x	as long as short
Backpack ADA_USDC_PERP	+0.0377%	1h	0.2516	+0.124%	$142K	$454K	15x	as long as short
Hyperliquid ADA	+0.0557%	1h	0.2515	+0.060%	$45.0M	$16.0M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0602% / S −0.0547%	1h	0.2515	+0.081%	$136K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.9565%	1h	0.2541	+1.119%	$631K	$509K	50x	as long as short