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: Phemex against Aster+0.007%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

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

costs, in and out, $10k−$420.418% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.217%+$22 · spread now +0.007%, 7d avg −0.007%

Together, before fees+0.180%+ Points / potential airdropAster: Stage 5 · farm board+$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2497	0.0100	pay 0.0100% / 8h	3h 54m	$1.2M	$996K	75x
Short	Phemex ADAUSDT	0.2497	0.0100	get 0.0100% / 8h	3h 54m	$48.7M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.007%: $1.45
Slippage, 4 orders: −$21.79
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$40.34
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Phemex: live order book, 4 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, 3 min ago	4.02 bp	14.0 bp −$14	32.9 bp −$329	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.02 bp	8.0 bp −$8	12.9 bp −$129	39.8 bp −$3,975	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	0.2501	+0.150%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2495	−0.073%	$211K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2495	−0.058%	$88K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0025%	1h	0.2497	+0.019%	$6.4M	$12.6M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.034%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2495	−0.073%	$416K	$7.9M	50x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2497	long leg	$1.2M	$996K	75x
Pacifica ADA	+0.0100%	1h	0.2502	+0.204%	$162K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2503	+0.232%	$105.4M	$374.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2502	+0.208%	$73.2M	$109.1M	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	0.2503	+0.248%	$33.5M	$107.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2501	+0.168%	$100.2M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2502	+0.208%	$62.2M	$60.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2503	+0.236%	$30.2M	$15.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2502	+0.208%	$67.6M	$50.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2501	+0.168%	—	$6.6M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2489	−0.310%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2486	−0.414%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2488	−0.353%	$292K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2489	−0.313%	$229K	$748K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2497	+0.011%	$97K	$692K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2496	−0.033%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2498	+0.033%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2497	+0.005%	$9K	$731K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2497	−0.013%	$343	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2497	−0.004%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDTshort	+0.0100%	8h	0.2497	+0.007%	$48.7M	$6.6M	50x
Extended ADA-USD	+0.0104%	1h	0.2501	+0.179%	$542K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0115%	8h	0.2504	+0.283%	$21K	$250	20x	as long as short
Lighter ADA	+0.0192%	1h	0.2504	+0.300%	$2.5M	$1.0M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2478	−0.750%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2496	−0.033%	$4.6M	$5.8M	75x	as long as short
Backpack ADA_USDC_PERP	+0.0249%	1h	0.2498	+0.055%	$135K	$443K	15x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2495	−0.053%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0599%	1h	0.2502	+0.200%	$44.2M	$15.2M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0599% / S −0.0547%	1h	0.2496	−0.048%	$134K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0672%	1h	0.2498	+0.035%	$613K	$496K	50x	as long as short