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: KuCoin against Aster+0.015%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.015%, 7d avg −0.020%

Together, before fees−0.156%+ Points / potential airdropAster: Stage 5 · farm board−$16 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: KuCoin is 0.035% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2456	0.0100	pay 0.0100% / 8h	6h 46m	$1.2M	$969K	75x
Short	KuCoin ADAUSDTM	0.2456	0.0100	get 0.0100% / 8h	6h 46m	$30.0M	$18.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.020%: $3.5
Slippage, 4 orders: −$31.28
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$47.78
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; KuCoin: live order book, 7 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	2.03 bp	11.9 bp −$12	29.1 bp −$291	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	3.28 bp	17.0 bp −$17	27.1 bp −$271	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	0.2456	−0.016%	$202K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2457	+0.059%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.614%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2455	−0.038%	$411K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2458	+0.084%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2457	+0.060%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2456	long leg	$1.2M	$969K	75x
Pacifica ADA	+0.0100%	1h	0.2457	+0.052%	$159K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	+0.022%	$102.3M	$375.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2455	−0.038%	$72.3M	$108.2M	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	0.2456	+0.003%	$32.6M	$108.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.038%	$98.4M	$58.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2456	+0.003%	$50.4M	$50.6M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2456	+0.015%	$30.0M	$18.1M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2456	+0.003%	$65.6M	$46.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2456	+0.003%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	+0.040%	$126K	$422K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2450	−0.237%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2457	+0.036%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	+0.052%	$296K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2458	+0.084%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	+0.097%	$93K	$656K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	+0.003%	$6K	$28K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2457	+0.032%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	+0.126%	$9K	$773K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2456	−0.013%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	−0.050%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2456	+0.003%	$47.8M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	−0.104%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2460	+0.176%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0105%	8h	0.2461	+0.206%	$195K	$6.2M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	+0.064%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.125%	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2457	+0.045%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0321%	1h	0.2455	−0.058%	$499K	$470K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2455	−0.026%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0623% / S −0.0389%	1h	0.2456	+0.011%	$140K	—	100x	as long as short