Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: GRVT against ApeX Omni+0.415%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs+$5as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.476%−$48 · spread now +0.415%, 7d avg −0.004%

Together, before fees−0.468%+ Points / potential airdropGRVT: Active · farm board−$47 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: GRVT is 0.419% dearer against ApeX Omni than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2466	0.0100	pay 0.0013% / 1h	29m 00s	$227K	$743K	50x
Short	GRVT ADA_USDT_Perp	0.2476	0.0100	get 0.0100% / 8h	4h 29m	$295K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.415%Rate

Funding earned: $0
Price spread: +0.415% → −0.004%: $41.9
Slippage, 4 orders: −$17.86
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $5.04
Costs to cover: 0.369%
Break-even: from the start

Slippage from ApeX Omni: live order book, 30 min ago; GRVT: 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, 30 min ago	2.04 bp	8.5 bp −$9	40.9 bp −$409	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	2.03 bp	6.5 bp −$7	30.1 bp −$301	doesn't fit	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	0.2482	+0.651%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2483	+0.689%	$150K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2481	+0.627%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.203%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2481	+0.608%	$429K	$7.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0091%	1h	0.2482	+0.657%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2482	+0.649%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2483	+0.679%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2483	+0.702%	$161K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2477	+0.453%	$105.0M	$370.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2476	+0.406%	$72.2M	$108.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2477	+0.446%	$33.1M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2477	+0.446%	$98.9M	$59.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2480	+0.568%	$60.8M	$60.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2480	+0.580%	$29.9M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2478	+0.487%	$66.7M	$49.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2478	+0.487%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	+0.535%	$126K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2475	+0.368%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2477	+0.427%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perpshort	+0.0100%	8h	0.2476	+0.415%	$295K	$3.8M	10x
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2466	long leg	$227K	$743K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2483	+0.697%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2483	+0.689%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2483	+0.697%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2484	+0.730%	$9K	$731K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2482	+0.669%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2482	+0.667%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2481	+0.608%	$48.4M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2482	+0.643%	$536K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2483	+0.692%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0187%	1h	0.2479	+0.543%	$43.0M	$14.8M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2482	+0.629%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2485	+0.770%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2484	+0.730%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0596%	1h	0.2484	+0.722%	$603K	$489K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0597% / S −0.0547%	1h	0.2481	+0.613%	$134K	—	100x	as long as short