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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0293%/8h= +32.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.046%
Price spread now: GMX against ApeX Omni+0.383%7-day average +0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.145%+$14 on $10k
Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.383%, 7d avg +0.007%
Together, before fees+0.026%+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and GMX is 0.376% dearer against ApeX Omni than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ADAUSDT0.24710.0100pay 0.0013% / 1h15m 10s$56K$585K50x
ShortGMX ADA/USD [WBTC.b-USDC]0.2480L +0.0629% / S −0.0393%get 0.0049% / 1h15m 10s$143K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$61.49
Price spread: +0.383% → +0.007%
$37.62
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$77.12
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 58 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 58 min ago4.09 bp12.5 bp −$1340.9 bp −$409doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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 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%1h0.2480+0.348%$204K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2481+0.405%$203K$6.2M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2481+0.422%$85K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.24710.000%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0040%1h0.2480+0.364%$418K$7.3M50xas long as short
Kraken Futures PF_ADAUSD+0.0047%1h0.2481+0.423%$6.3M$11.7M50xas long as short
Phoenix ADA+0.0098%1h0.2475+0.146%$4K$84K10xas long as short
Aster ADAUSDT+0.0100%8h0.2482+0.447%$1.2M$951K75xas long as short
Pacifica ADA+0.0100%1h0.2480+0.378%$159K$150K10xas long as short
Binance ADAUSDT+0.0100%8h0.2481+0.405%$103.4M$366.3M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2481+0.405%$72.8M$105.1M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2481+0.405%$32.9M$107.7M50xas long as short
Gate ADA_USDT+0.0100%8h0.2480+0.364%$99.1M$59.5M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2480+0.364%$52.2M$51.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2482+0.437%$30.5M$17.8M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2481+0.405%$66.8M$44.6M75xas long as short
BingX ADA-USDT+0.0100%8h0.2481+0.405%$20.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2482+0.453%$136K$418K15xas long as short
Variational Omni ADA+0.0100%8h0.2474+0.126%$4.3M$968Kas long as short
edgeX ADAUSDC+0.0100%4h0.2467−0.153%$66K$283K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2468−0.119%$292K$3.7M10xas long as short
ApeX Omni ADAUSDTlong+0.0100%1h0.2471long leg$56K$585K50x
Polymarket Perps ADA-USD+0.0100%1h0.2482+0.441%$95K$649K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2482+0.445%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2483+0.475%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2483+0.484%$9K$764K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2482+0.425%$341$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2483+0.478%$1.3M$5.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2482+0.445%$48.5M$5.7M50xas long as short
Extended ADA-USD+0.0104%1h0.2482+0.443%$540K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0105%8h0.2482+0.444%$21K$25020xas long as short
Lighter ADA+0.0184%1h0.2483+0.494%$2.5M$1.1M10xas long as short
BloFin ADA-USDT+0.0220%8h0.2481+0.405%$4.4M$5.6M75xas long as short
Hyperliquid ADA+0.0234%1h0.2483+0.494%$43.4M$14.2M10xas long as short
Reya ADARUSDPERP+0.0282%1h0.2482+0.446%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]shortL +0.0629% / S −0.0393%1h0.2480+0.383%$143K100x
Deribit ADA_USDC-PERPETUAL+2.4735%1h0.2544+2.934%$511K$434K50xas long as short