Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: edgeX against Bitget+0.183%114s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as 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−$400.404% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.183%, 7d avg +0.006%

Together, before fees−0.107%+ Points / potential airdropedgeX: Active · farm board−$11 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 0.177% dearer against Bitget than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 114 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	Bitget ADAUSDT	0.2440	0.0100	pay 0.0100% / 8h	11m 41s	$65.6M	$43.7M	75x
Short	edgeX ADAUSDC	0.2444	0.0100	get 0.0050% / 4h	11m 41s	$65K	$282K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.183%Rate

Funding earned: $0
Price spread: +0.183% → +0.006%: $17.65
Slippage, 4 orders: −$19.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$22.76
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; edgeX: 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 Bitget live order book, 2 min ago	2.05 bp	8.0 bp −$8	11.9 bp −$119	30.1 bp −$3,013	131.4 bp −$65.7K
Sell edgeX live order book, 1 min ago	6.14 bp	10.8 bp −$11	29.9 bp −$299	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	0.2440	−0.005%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2442	+0.082%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	+0.064%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2440	0.000%	$406K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2442	+0.061%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2441	+0.037%	$42.3M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2441	+0.061%	$1.2M	$930K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2441	+0.025%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2441	+0.041%	$101.0M	$366.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2440	0.000%	$70.9M	$104.0M	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	0.2441	+0.041%	$32.3M	$107.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2441	+0.041%	$97.4M	$60.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2440	0.000%	$52.2M	$51.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2440	+0.004%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2440	long leg	$65.6M	$43.7M	75x
BingX ADA-USDC	+0.0100%	8h	0.2440	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	+0.061%	$106K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2445	+0.211%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2444	+0.183%	$65K	$282K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2441	+0.040%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2444	+0.164%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2442	+0.066%	$94K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2441	+0.041%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	+0.040%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2443	+0.124%	$9K	$767K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2441	+0.053%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2442	+0.082%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2441	+0.041%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2442	+0.064%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2443	+0.104%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2441	+0.021%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2447	+0.283%	$4K	$78K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0201%	1h	0.2442	+0.090%	$490K	$430K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2441	+0.041%	$4.3M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.270%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2442	+0.064%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2441	+0.045%	$121K	—	100x	as long as short