Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against Backpack−0.527%85s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as 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−$350.351% of the position
Funding, last 7 days+0.200%+$20 on $10k
+Price spread, last 3 days (all we have)+0.680%+$68 · spread now −0.527%, 7d avg 0.000%
=Together, before fees+0.880%+ Points / potential airdropedgeX: Active · farm board+$88 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: edgeX is 0.527% cheaper against Backpack than usual: you would sell low and buy high, −$53 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 85 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 | Backpack ADA_USDC_PERP | 0.2463 | 0.0100 | pay 0.0013% / 1h | 56m 09s | $101K | $415K | 15x |
| Short | edgeX ADAUSDC | 0.2450 | 0.0100 | get 0.0050% / 4h | 1h 56m | $65K | $278K | 20x |
Backpack ADA_USDC_PERP
edgeX ADAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.527% → 0.000%
- −$52.65
- Slippage, 4 orders
- −$16.15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$87.8
- Costs to cover
- 0.351%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 28 min ago; edgeX: live order book, 27 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 Backpack live order book, 28 min ago | 0.20 bp | 8.8 bp −$9 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 27 min ago | 6.10 bp | 10.6 bp −$11 | 30.5 bp −$305 | 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 | 0.2462 | −0.024% | $203K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2458 | −0.199% | $162K | $5.8M | 3.2x | as long as short |
| Deribit ADA_USDC-PERPETUAL | 0.0000% | 1h | 0.2462 | −0.032% | $478K | $352K | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2461 | −0.092% | $85K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0064% | 1h | 0.2454 | −0.361% | $407K | $7.2M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0095% | 1h | 0.2461 | −0.061% | $6.2M | $11.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2463 | +0.004% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2462 | −0.041% | $42.6M | $14.6M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2461 | −0.070% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2462 | −0.029% | $157K | $147K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
Deribit ADA_USDC-PERPETUAL
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2461 | −0.074% | $102.0M | $355.6M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2462 | −0.037% | $70.8M | $99.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2462 | −0.037% | $31.9M | $105.6M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2460 | −0.118% | $97.0M | $57.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2461 | −0.077% | $53.0M | $50.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2461 | −0.077% | $30.4M | $18.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2462 | −0.037% | $65.9M | $42.7M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2461 | −0.077% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERPlong | +0.0100% | 1h | 0.2463 | long leg | $101K | $415K | 15x | |
| Variational Omni ADA | +0.0100% | 8h | 0.2449 | −0.549% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDCshort | +0.0100% | 4h | 0.2450 | −0.527% | $65K | $278K | 20x | |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2449 | −0.552% | $296K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2450 | −0.524% | $55K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2461 | −0.065% | $96K | $624K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2461 | −0.077% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2462 | −0.034% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2461 | −0.079% | $9K | $755K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2462 | −0.057% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2462 | −0.042% | $1.3M | $5.0M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2461 | −0.077% | $48.0M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2463 | −0.012% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2461 | −0.072% | $559K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2454 | −0.357% | $4K | $74K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2453 | −0.402% | $4.4M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0286% | 1h | 0.2461 | −0.067% | $1K | — | 15x | as long as short |
| Injective ADA/USDC PERP | +0.0288% | 1h | 0.2445 | −0.727% | $840 | $168K | 12x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0566% / S −0.0313% | 1h | 0.2461 | −0.090% | $122K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Variational Omni ADA
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Injective ADA/USDC PERP
GMX ADA/USD [WBTC.b-USDC]