Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: HTX against Backpack+0.012%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)+0.380%+$38 · spread now +0.012%, 7d avg +0.013%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ADA_USDC_PERP | 0.2479 | 0.0100 | pay 0.0013% / 1h | 17m 37s | $139K | $433K | 15x |
| Short | HTX ADA-USDT | 0.2479 | 0.0100 | get 0.0100% / 8h | 5h 17m | $1.3M | $6.2M | 75x |
Backpack ADA_USDC_PERP
HTX ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.012% → +0.013%
- −$0.08
- Slippage, 4 orders
- −$14.63
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$36.71
- Costs to cover
- 0.366%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 46 min ago; HTX: 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 Backpack live order book, 46 min ago | 0.61 bp | 8.2 bp −$8 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell HTX live order book, 1 min ago | 3.24 bp | 10.1 bp −$10 | 22.4 bp −$224 | 62.8 bp −$6,282 | 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 | 0.2481 | +0.070% | $204K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2476 | −0.100% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.315% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2482 | +0.129% | $415K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2479 | +0.013% | $1.2M | $999K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2481 | +0.092% | $159K | $162K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2481 | +0.094% | $105.5M | $371.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2481 | +0.089% | $72.3M | $110.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2482 | +0.129% | $33.0M | $107.0M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2480 | +0.048% | $99.7M | $60.4M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | +0.0100% | 8h | 0.2482 | +0.129% | $59.2M | $60.4M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2482 | +0.137% | $29.9M | $16.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2482 | +0.129% | $66.6M | $49.4M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2480 | +0.048% | — | $19.9M | — | as long as short |
| Backpack ADA_USDC_PERPlong | +0.0100% | 1h | 0.2479 | long leg | $139K | $433K | 15x | |
| Variational Omni ADA | +0.0100% | 8h | 0.2495 | +0.655% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2495 | +0.669% | $66K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2482 | +0.139% | $294K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2496 | +0.694% | $230K | $736K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2479 | +0.012% | $96K | $678K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2477 | −0.073% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2478 | −0.034% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2481 | +0.088% | $8K | $746K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2477 | −0.052% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDTshort | +0.0100% | 8h | 0.2479 | +0.012% | $1.3M | $6.2M | 75x | |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2479 | +0.008% | $48.3M | $6.5M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0103% | 8h | 0.2484 | +0.210% | $160K | $6.3M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2480 | +0.063% | $539K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0110% | 8h | 0.2481 | +0.076% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0131% | 1h | 0.2481 | +0.101% | $43.1M | $14.4M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2492 | +0.528% | $4K | $90K | 10x | as long as short |
| Lighter ADA | +0.0184% | 1h | 0.2483 | +0.157% | $2.5M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2485 | +0.250% | $4.5M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0259% | 1h | 0.2478 | −0.046% | $6.3M | $12.6M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2479 | +0.007% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0437% | 1h | 0.2478 | −0.036% | $585K | $442K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0486% / S −0.0279% | 1h | 0.2476 | −0.127% | $108K | — | 100x | as long as short |
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
Phemex ADAUSDT
Kalshi KXADAPERP
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Phoenix ADA
Lighter ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]