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: MEXC against Aster−0.116%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.116%, 7d avg −0.032%

Together, before fees−0.041%+ Points / potential airdropAster: Stage 5 · farm board−$4 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: MEXC is 0.084% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2471	0.0100	pay 0.0100% / 8h	7h 06m	$1.2M	$956K	75x
Short	MEXC ADA_USDT	0.2468	0.0100	get 0.0100% / 8h	7h 06m	$54.9M	$52.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → −0.032%: −$8.42
Slippage, 4 orders: −$20.47
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$36.89
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; MEXC: live order book, 3 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, 2 min ago	4.03 bp	10.5 bp −$11	25.8 bp −$258	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.02 bp	2.0 bp −$2	3.8 bp −$38	10.5 bp −$1,051	43.6 bp −$21.8K

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	0.2474	+0.108%	$203K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2467	−0.138%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.006%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2479	+0.329%	$424K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2479	+0.318%	$6.3M	$11.8M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2481	+0.422%	$4K	$84K	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2471	long leg	$1.2M	$956K	75x
Pacifica ADA	+0.0100%	1h	0.2474	+0.119%	$159K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2469	−0.076%	$103.0M	$368.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2468	−0.116%	$72.3M	$105.4M	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	0.2469	−0.075%	$32.6M	$107.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2467	−0.156%	$99.2M	$60.2M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2468	−0.116%	$54.9M	$52.3M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2469	−0.071%	$30.3M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2469	−0.075%	$66.7M	$45.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2468	−0.116%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	+0.346%	$138K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2477	+0.252%	$4.3M	$967K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2483	+0.491%	$66K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2483	+0.494%	$297K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2483	+0.491%	$56K	$586K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2468	−0.124%	$94K	$651K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2468	−0.116%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2480	+0.351%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2480	+0.371%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2479	+0.337%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2479	+0.313%	$1.3M	$5.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2478	+0.289%	$48.3M	$6.2M	50x	as long as short
Kalshi KXADAPERP	+0.0100%	8h	0.2479	+0.329%	$207K	$6.2M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2470	−0.040%	$540K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2471	+0.025%	$21K	$250	20x	as long as short
Lighter ADA	+0.0176%	1h	0.2477	+0.265%	$2.5M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2480	+0.370%	$4.5M	$5.7M	75x	as long as short
Hyperliquid ADA	+0.0241%	1h	0.2471	−0.007%	$43.2M	$14.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0275%	1h	0.2479	+0.337%	$495K	$454K	50x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2468	−0.118%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0628% / S −0.0393%	1h	0.2467	−0.147%	$142K	—	100x	as long as short