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: SoDEX against Aster+0.124%56s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.124% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ADAUSDT	0.2455	0.0100	pay 0.0100% / 8h	6h 01m	$1.2M	$983K	75x
Short	SoDEX ADA-USD	0.2459	0.0100	get 0.0013% / 1h	1m 27s	$338	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.124%Rate

Funding earned: $0
Price spread: +0.124% → 0.000%: $12.44
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$3.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.

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	4.07 bp	11.0 bp −$11	24.9 bp −$249	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2455	−0.025%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	−0.001%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.634%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2457	+0.063%	$410K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2457	+0.043%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDTlong	+0.0100%	8h	0.2455	long leg	$1.2M	$983K	75x
Pacifica ADA	+0.0100%	1h	0.2456	+0.019%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	+0.039%	$103.1M	$367.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2456	+0.023%	$72.4M	$107.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	−0.018%	$32.7M	$106.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.018%	$98.5M	$60.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	−0.018%	$57.0M	$54.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	−0.002%	$29.9M	$17.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	−0.018%	$65.7M	$47.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2456	+0.023%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2459	+0.137%	$132K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2459	+0.148%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	+0.267%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.244%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.308%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	−0.018%	$94K	$671K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2459	+0.145%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	+0.138%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	+0.141%	$9K	$750K	30x	as long as short
SoDEX ADA-USDshort	+0.0100%	1h	0.2459	+0.124%	$338	$13K	10x
HTX ADA-USDT	+0.0100%	8h	0.2458	+0.092%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.104%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	−0.042%	$534K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2457	+0.063%	$139K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2457	+0.047%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2461	+0.243%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2456	+0.031%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2455	−0.018%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0320%	1h	0.2459	+0.141%	$503K	$470K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0353%	1h	0.2457	+0.071%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2458	+0.099%	$95K	—	100x	as long as short