Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Gate against ApeX Omni+0.163%66s7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.592% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.571%−$57 · spread now +0.163%, 7d avg −0.059%

Together, before fees−0.612%−$61 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: Gate is 0.222% dearer against ApeX Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.059%. The two prices were read 66 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	ApeX Omni ADAUSDT	0.2452	0.0100	pay 0.0013% / 1h	44m 19s	$226K	$722K	50x
Short	Gate ADA_USDT	0.2456	0.0100	get 0.0100% / 8h	5h 44m	$98.2M	$58.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → −0.059%: $22.2
Slippage, 4 orders: −$34.21
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$37.01
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 18 min ago; Gate: live order book, 5 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 ApeX Omni live order book, 18 min ago	2.04 bp	22.2 bp −$22	51.8 bp −$518	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.04 bp	13.2 bp −$13	16.9 bp −$169	78.2 bp −$7,818	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	0.2458	+0.252%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2456	+0.179%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.775%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2458	+0.245%	$441K	$7.5M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2459	+0.305%	$42.9M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	+0.234%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2459	+0.281%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.245%	$103.0M	$367.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2459	+0.285%	$72.6M	$107.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2461	+0.367%	$32.8M	$105.3M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDTshort	+0.0100%	8h	0.2456	+0.163%	$98.2M	$58.7M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2458	+0.245%	$59.9M	$55.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	+0.241%	$29.8M	$16.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2457	+0.204%	$65.7M	$47.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2457	+0.204%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2461	+0.355%	$119K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.166%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	+0.077%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.021%	$287K	$3.7M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2452	long leg	$226K	$722K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	+0.232%	$94K	$674K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	+0.245%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	+0.265%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	+0.285%	$8K	$745K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2458	+0.245%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	+0.246%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.245%	$47.8M	$6.3M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2463	+0.449%	$162K	$6.2M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	+0.239%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2460	+0.320%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	+0.175%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0176%	1h	0.2460	+0.326%	$2.4M	$1.0M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	+0.408%	—	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2458	+0.226%	$6.3M	$12.3M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2457	+0.224%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0401%	1h	0.2459	+0.265%	$540K	$456K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2455	+0.136%	$95K	—	100x	as long as short