Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.008%

Price spread now: Coinbase International against Bitget+0.082%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now +0.082%, 7d avg −0.016%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.098% dearer against Bitget than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.016%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2453	0.0100	pay 0.0100% / 8h	5h 45m	$65.6M	$47.7M	75x
Short	Coinbase International ADA-PERP-INTX	0.2455	0.0056	get 0.0007% / 1h	45m 49s	$444K	$7.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$9.24
Price spread: +0.082% → −0.016%: $9.77
Slippage, 4 orders: −$20.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$41.89
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	2.04 bp	11.9 bp −$12	14.0 bp −$140	35.4 bp −$3,542	145.9 bp −$73.0K
Sell Coinbase International live order book, 3 min ago	4.08 bp	9.6 bp −$10	18.6 bp −$186	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	0.2452	−0.059%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2456	+0.141%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.734%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0056%	1h	0.2455	+0.082%	$444K	$7.4M	50x
Hyperliquid ADA	+0.0100%	1h	0.2457	+0.147%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	+0.069%	$1.2M	$984K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2453	−0.015%	$157K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2453	+0.006%	$102.8M	$367.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2453	0.000%	$72.5M	$107.7M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2453	0.000%	$32.6M	$105.2M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2452	−0.041%	$98.0M	$58.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	+0.041%	$59.9M	$55.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	+0.037%	$29.7M	$16.9M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2453	long leg	$65.6M	$47.7M	75x
BingX ADA-USDT	+0.0100%	8h	0.2454	+0.041%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2456	+0.135%	$119K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.125%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	+0.037%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2463	+0.407%	$298K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.041%	$226K	$722K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2456	+0.114%	$94K	$674K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	+0.204%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	+0.262%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	+0.283%	$8K	$744K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2456	+0.122%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2459	+0.232%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	0.000%	$47.7M	$6.3M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2457	+0.163%	$161K	$6.2M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	−0.004%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2453	−0.008%	$21K	$250	20x	as long as short
Lighter ADA	+0.0160%	1h	0.2457	+0.147%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2460	+0.285%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	0.000%	—	$5.7M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0262%	1h	0.2454	+0.029%	$6.2M	$12.2M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2456	+0.123%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2457	+0.161%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0523%	1h	0.2460	+0.289%	$540K	$456K	50x	as long as short