Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Aster−0.009%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.009%, 7d avg −0.010%

Together, before fees−0.004%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2458	0.0100	pay 0.0100% / 8h	6h 29m	$1.2M	$969K	75x
Short	Pacifica ADA	0.2458	0.0100	get 0.0013% / 1h	29m 23s	$159K	$156K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.010%: $0.17
Slippage, 4 orders: −$24.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$40.38
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Pacifica: live order book, 38 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, 4 min ago	4.07 bp	10.3 bp −$10	21.4 bp −$214	doesn't fit	doesn't fit
Sell Pacifica live order book, 38 min ago	2.62 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit

ADA on 36 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	−0.058%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.204%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.537%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2451	−0.277%	$399K	$7.4M	50x	as long as short
Gate ADA_USDT	+0.0095%	8h	0.2453	−0.196%	$97.8M	$59.7M	75x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2457	−0.021%	$42.9M	$14.4M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2458	long leg	$1.2M	$969K	75x
Pacifica ADAshort	+0.0100%	1h	0.2458	−0.009%	$159K	$156K	10x
Binance ADAUSDT	+0.0100%	8h	0.2454	−0.139%	$102.6M	$373.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	−0.155%	$72.1M	$108.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	−0.155%	$32.6M	$107.8M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	−0.155%	$49.4M	$51.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	−0.086%	$30.0M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	−0.114%	$65.6M	$46.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2455	−0.114%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2459	+0.065%	$126K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.231%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	−0.194%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2451	−0.287%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2451	−0.277%	$56K	$587K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2457	−0.049%	$92K	$665K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	−0.196%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	−0.012%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2457	−0.035%	$9K	$769K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	−0.012%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	+0.017%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	+0.049%	$47.9M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	−0.101%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2458	+0.014%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0112%	8h	0.2452	−0.236%	$148K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	−0.025%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0184%	1h	0.2459	+0.032%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2455	−0.134%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0353%	1h	0.2458	−0.007%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2453	−0.200%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.1053%	1h	0.2459	+0.061%	$503K	$471K	50x	as long as short