Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.001%
Price spread now: Lighter against Aster+0.070%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$310.310% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.153%−$15 on $10k
Price spread, last 7 days−0.214%−$21 · spread now +0.070%, 7d avg −0.027%
Together, before fees−0.367%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.096% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ADAUSDT0.24380.0100pay 0.0100% / 8h1h 33m$1.2M$1.1M75x
ShortLighter ADA0.24390.0112get 0.0014% / 1h33m 38s$2.4M$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$2.52
Price spread: +0.070% → −0.027%
$9.65
Slippage, 4 orders
−$22.99
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$18.82
Costs to cover
0.310%
Break-even
59.3 days
Slippage from Aster: live order book, 4 min ago; Lighter: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 4 min ago2.05 bp11.6 bp −$1229.5 bp −$295doesn't fitdoesn't fit
Sell Lighter live order book, 3 min ago3.49 bp3.6 bp −$412.9 bp −$12944.6 bp −$4,462doesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXADAPERP0.0000%8h0.2436−0.070%$200K$7.6M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2433−0.174%$83K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+1.366%$849$202K12xas long as short
dYdX ADA-USD+0.0066%1h0.2435−0.110%$200K$2K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2433−0.193%$6K$5K20xas long as short
Aster ADAUSDTlong+0.0100%8h0.2438long leg$1.2M$1.1M75x
Pacifica ADA+0.0100%1h0.2438+0.018%$156K$178K10xas long as short
Binance ADAUSDT+0.0100%8h0.2439+0.042%$102.6M$409.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2438+0.012%$72.2M$124.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2440+0.094%$32.4M$117.9M50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2435−0.111%$99.6M$64.3M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2438+0.012%$51.9M$64.8M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2437−0.008%$29.4M$15.9M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2439+0.053%$66.3M$53.3M75xas long as short
BingX ADA-USDC+0.0100%8h0.2436−0.070%$6.5Mas long as short
Variational Omni ADA+0.0100%8h0.2435−0.108%$4.1M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2440+0.077%$65K$287K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2439+0.056%$291K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2441+0.135%$81K$891K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2433−0.193%$128K$1.2M10xas long as short
Derive ADA-PERP+0.0100%1h0.2436−0.057%$39K$4K5xas long as short
SunX ADA-USDT+0.0100%8h0.2435−0.111%$8K$762K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2434−0.131%$335$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2435−0.119%$1.3M$7.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2435−0.111%$47.2M$7.4M50xas long as short
Extended ADA-USD+0.0104%1h0.2439+0.050%$512K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0106%8h0.2440+0.105%$20K$25020xas long as short
Lighter ADAshort+0.0112%1h0.2439+0.070%$2.4M$1.0M10x
Coinbase International ADA-PERP-INTX+0.0120%1h0.2439+0.053%$381K$8.6M50xas long as short
Backpack ADA_USDC_PERP+0.0138%1h0.2437−0.045%$138K$483K15xas long as short
Phoenix ADA+0.0163%1h0.2440+0.115%$4K$111K10xas long as short
Kraken Futures PF_ADAUSD+0.0171%1h0.2435−0.124%$6.3M$13.9M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2438+0.012%$4.4M$5.8M75xas long as short
Hyperliquid ADA+0.0264%1h0.2438+0.030%$42.8M$18.1M10xas long as short
Reya ADARUSDPERP+0.0275%1h0.2434−0.171%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0531%1h0.2435−0.107%$622K$617K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0630% / S −0.0728%1h0.2435−0.113%$163K100xas long as short