Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against ApeX Omni−0.121%90s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as 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−$430.435% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.121%, 7d avg −0.007%

Together, before fees−0.070%−$7 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: OKX is 0.115% cheaper against ApeX Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 90 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	0.2472	0.0100	pay 0.0013% / 1h	8m 01s	$228K	$756K	50x
Short	OKX ADA-USDT-SWAP	0.2469	0.0100	get 0.0100% / 8h	3h 08m	$32.9M	$111.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → −0.007%: −$11.48
Slippage, 4 orders: −$23.47
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$54.95
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 46 min ago; OKX: live order book, 1 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, 46 min ago	7.98 bp	14.9 bp −$15	42.8 bp −$428	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.03 bp	7.0 bp −$7	14.8 bp −$148	41.3 bp −$4,131	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	0.2462	−0.421%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2463	−0.364%	$140K	$6.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.307%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2466	−0.247%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.040%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2464	−0.324%	$396K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2468	−0.166%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2468	−0.171%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	−0.363%	$158K	$170K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2468	−0.155%	$104.2M	$391.2M	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	0.2468	−0.162%	$73.9M	$115.9M	75x	as long as short
OKX ADA-USDT-SWAPshort	+0.0100%	8h	0.2469	−0.121%	$32.9M	$111.7M	50x
Gate ADA_USDT	+0.0100%	8h	0.2465	−0.283%	$100.0M	$62.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2469	−0.121%	$59.2M	$62.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2468	−0.170%	$29.6M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2470	−0.081%	$67.2M	$51.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2467	−0.202%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2466	−0.241%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2471	−0.024%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2472	0.000%	$290K	$4.0M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2472	long leg	$228K	$756K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	−0.332%	$92K	$630K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2465	−0.283%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	−0.242%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2466	−0.247%	$8K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2466	−0.239%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	−0.379%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2467	−0.202%	$48.1M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2464	−0.318%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2469	−0.128%	$534K	$1.8M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0125%	1h	0.2468	−0.162%	$123K	$470K	15x	as long as short
Phoenix ADA	+0.0161%	1h	0.2465	−0.279%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2460	−0.485%	$4.6M	$5.8M	75x	as long as short
Hyperliquid ADA	+0.0265%	1h	0.2469	−0.142%	$43.9M	$16.3M	10x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2464	−0.304%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0358%	1h	0.2467	−0.214%	$606K	$533K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0623% / S −0.0585%	1h	0.2465	−0.292%	$140K	—	100x	as long as short