Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%

Price spread now: Paradex against ApeX Omni+0.813%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.813% dearer against ApeX Omni than usual: you sell high and buy low, +$81 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	0.2420	0.0100	pay 0.0013% / 1h	17m 58s	$84K	$887K	50x
Short	Paradex ADA-USD-PERP	0.2440	0.0101	get 0.0101% / 8h	2h 17m	$20K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.813%Rate

Funding earned: $0.26
Price spread: +0.813% → 0.000%: $81.29
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $67.55
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 31 min ago; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 31 min ago	4.04 bp	11.8 bp −$12	34.9 bp −$349	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXADAPERP	0.0000%	8h	0.2441	+0.868%	$190K	$7.5M	3.2x	as long as short
dYdX ADA-USD	+0.0002%	1h	0.2438	+0.748%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2439	+0.805%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2441	+0.879%	$6.3M	$13.7M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2429	+0.393%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+2.107%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2443	+0.942%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2441	+0.851%	$42.0M	$17.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2439	+0.795%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2440	+0.815%	$156K	$176K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2439	+0.788%	$102.7M	$407.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2438	+0.744%	$71.6M	$123.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2438	+0.744%	$32.4M	$117.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2437	+0.702%	$98.7M	$64.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2438	+0.744%	$52.3M	$65.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2438	+0.744%	$29.2M	$15.7M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2438	+0.744%	$66.3M	$53.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2438	+0.744%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2441	+0.864%	$126K	$476K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2427	+0.292%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2430	+0.428%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2419	−0.044%	$284K	$4.0M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2420	long leg	$84K	$887K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2439	+0.802%	$122K	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	+0.826%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	+0.885%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2443	+0.948%	$8K	$764K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2442	+0.888%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2439	+0.768%	$1.3M	$6.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2440	+0.826%	$47.4M	$7.4M	50x	as long as short
Paradex ADA-USD-PERPshort	+0.0101%	8h	0.2440	+0.813%	$20K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2438	+0.739%	$521K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2438	+0.744%	$380K	$8.5M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2438	+0.744%	$4.4M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2441	+0.869%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0529%	1h	0.2442	+0.921%	$608K	$597K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0640% / S −0.0714%	1h	0.2440	+0.824%	$161K	—	100x	as long as short