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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Aster against Hyperliquid+0.020%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$340.343% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.186%+$19 on $10k
Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.020%, 7d avg +0.017%
Together, before fees+0.158%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ADA0.24540.0100pay 0.0013% / 1h57m 11s$42.5M$14.4M10x
ShortAster ADAUSDT0.24540.0100get 0.0100% / 8h2h 57m$1.2M$1.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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
$0
Price spread: +0.020% → +0.017%
$0.25
Slippage, 4 orders
−$17.29
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$34.04
Costs to cover
0.343%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Aster: live order book, 1 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 Hyperliquid live order book, 6 min ago0.61 bp7.0 bp −$79.9 bp −$99doesn't fitdoesn't fit
Sell Aster live order book, 1 min ago2.04 bp10.0 bp −$1024.5 bp −$245doesn't fitdoesn'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
dYdX ADA-USD0.0000%1h0.2453−0.040%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2454+0.004%$153K$5.9M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2453−0.046%$87K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2449−0.200%$405K$7.1M50xas long as short
Lighter ADA+0.0096%1h0.2455+0.057%$2.4M$1.3M10xas long as short
Hyperliquid ADAlong+0.0100%1h0.2454long leg$42.5M$14.4M10x
Aster ADAUSDTshort+0.0100%8h0.2454+0.020%$1.2M$1.1M75x
Pacifica ADA+0.0100%1h0.2453−0.028%$157K$148K10xas long as short
Binance ADAUSDT+0.0100%8h0.2454−0.015%$102.1M$357.5M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2452−0.077%$71.0M$101.1M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2453−0.037%$32.3M$105.6M50xas long as short
Gate ADA_USDT+0.0100%8h0.2452−0.077%$97.3M$56.8M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2453−0.037%$52.9M$56.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2453−0.029%$30.7M$18.5M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2453−0.037%$65.6M$42.8M75xas long as short
BingX ADA-USDC+0.0100%8h0.2453−0.037%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2454−0.004%$102K$425K15xas long as short
Variational Omni ADA+0.0100%8h0.2465+0.433%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2465+0.456%$66K$278K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2463+0.387%$297K$4.0M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2464+0.412%$55K$578K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2454+0.008%$96K$700K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2453−0.037%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2454+0.016%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2454+0.002%$9K$765K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2453−0.049%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2453−0.046%$1.3M$4.9M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2453−0.037%$47.9M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2453−0.038%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2452−0.068%$565K$1.8M50xas long as short
Phoenix ADA+0.0163%1h0.2454−0.016%$4K$82K10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0198%1h0.2454+0.008%$477K$359K50xas long as short
BloFin ADA-USDT+0.0220%8h0.2455+0.045%$4.4M$5.4M75xas long as short
Reya ADARUSDPERP+0.0287%1h0.2454+0.002%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0336%1h0.2453−0.021%$6.1M$11.6M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0521% / S −0.0277%1h0.2452−0.068%$113K100xas long as short
Injective ADA/USDC PERP+0.0533%1h0.2457+0.126%$844$95K12xas long as short