Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget−0.081%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.229%+$23 · spread now −0.081%, 7d avg +0.030%

Together, before fees+0.258%+$26 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: ApeX Omni is 0.112% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2462	0.0100	pay 0.0100% / 8h	59m 17s	$66.1M	$43.4M	75x
Short	ApeX Omni ADAUSDT	0.2460	0.0100	get 0.0013% / 1h	59m 17s	$55K	$581K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → +0.030%: −$11.15
Slippage, 4 orders: −$24.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.18
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 18 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 Bitget live order book, 5 min ago	2.03 bp	10.1 bp −$10	15.7 bp −$157	26.0 bp −$2,598	95.6 bp −$47.8K
Sell ApeX Omni live order book, 18 min ago	6.10 bp	15.1 bp −$15	44.1 bp −$441	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	+0.001%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2463	+0.041%	$164K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2462	−0.017%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2463	+0.041%	$414K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2465	+0.102%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	+0.017%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	+0.015%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	+0.016%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2464	+0.070%	$102.4M	$360.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2463	+0.041%	$71.7M	$102.4M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	+0.122%	$32.0M	$106.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2461	−0.041%	$97.5M	$58.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2463	+0.041%	$53.0M	$50.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	+0.065%	$30.2M	$18.1M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2462	long leg	$66.1M	$43.4M	75x
BingX ADA-USDC	+0.0100%	8h	0.2462	0.000%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2464	+0.077%	$109K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2459	−0.115%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	−0.043%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	−0.102%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2460	−0.081%	$55K	$581K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2462	−0.012%	$96K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	−0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2463	+0.041%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	0.000%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2463	+0.032%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2462	+0.015%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	+0.081%	$48.1M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2462	−0.017%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	+0.021%	$557K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2464	+0.069%	$6.2M	$11.6M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2462	0.000%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	−0.041%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.366%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2461	−0.038%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0319%	1h	0.2463	+0.057%	$481K	$395K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2462	−0.011%	$122K	—	100x	as long as short