Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against Bitget+0.200%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$400.404% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 7 days−0.192%−$19 · spread now +0.200%, 7d avg +0.009%
Together, before fees−0.150%+ Points / potential airdropGRVT: Active · farm board−$15 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: GRVT is 0.191% dearer against Bitget than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ADAUSDT0.24560.0100pay 0.0100% / 8h1h 09m$66.9M$53.3M75x
ShortGRVT ADA_USDT_Perp0.24610.0100get 0.0100% / 8h1h 09m$294K$3.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$0
Price spread: +0.200% → +0.009%
$19.15
Slippage, 4 orders
−$19.43
Fee Bitget: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$21.29
Costs to cover
0.404%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; GRVT: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago2.03 bp10.1 bp −$1016.0 bp −$16030.4 bp −$3,03887.4 bp −$43.7K
Sell GRVT live order book, 5 min ago2.03 bp6.5 bp −$718.4 bp −$184doesn't fitdoesn't fit

ADA on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXADAPERP0.0000%8h0.2460+0.163%$175K$7.6M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2460+0.174%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.611%$849$202K12xas long as short
dYdX ADA-USD+0.0034%1h0.2460+0.178%$202K$2K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2461+0.204%$6K$5K20xas long as short
Aster ADAUSDT+0.0100%8h0.2459+0.108%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2460+0.180%$158K$178K10xas long as short
Binance ADAUSDT+0.0100%8h0.2457+0.041%$103.5M$407.4M75xas long as short
Bybit ADAUSDT+0.0100%8h0.24560.000%$73.1M$124.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2457+0.041%$32.7M$118.3M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2459+0.122%$100.7M$65.1M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2460+0.163%$51.9M$65.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2461+0.200%$29.4M$16.0M75xas long as short
Bitget ADAUSDTlong+0.0100%8h0.2456long leg$66.9M$53.3M75x
BingX ADA-USDC+0.0100%8h0.2461+0.204%$6.6Mas long as short
Variational Omni ADA+0.0100%8h0.2460+0.165%$4.2M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2462+0.248%$66K$286K20xas long as short
GRVT ADA_USDT_Perpshort+0.0100%8h0.2461+0.200%$294K$3.9M10x
Polymarket Perps ADA-USD+0.0100%1h0.2461+0.212%$128K$1.3M10xas long as short
SunX ADA-USDT+0.0100%8h0.2461+0.204%$8K$757K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2461+0.200%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2461+0.223%$1.3M$7.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2460+0.163%$47.7M$7.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2460+0.154%$516K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0106%8h0.2462+0.231%$21K$25020xas long as short
ApeX Omni ADAUSDT+0.0120%1h0.2461+0.204%$79K$893K50xas long as short
Coinbase International ADA-PERP-INTX+0.0120%1h0.2461+0.204%$371K$8.5M50xas long as short
Lighter ADA+0.0128%1h0.2462+0.252%$2.4M$1.0M10xas long as short
Phoenix ADA+0.0163%1h0.2464+0.305%$4K$111K10xas long as short
Backpack ADA_USDC_PERP+0.0166%1h0.2461+0.204%$136K$484K15xas long as short
Kraken Futures PF_ADAUSD+0.0169%1h0.2461+0.195%$6.3M$13.9M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2463+0.285%$4.5M$5.9M75xas long as short
Reya ADARUSDPERP+0.0274%1h0.2460+0.163%$1K15xas long as short
Hyperliquid ADA+0.0304%1h0.2462+0.244%$43.3M$18.1M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0522%1h0.2462+0.261%$628K$617K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0603% / S −0.0679%1h0.2460+0.175%$156K100xas long as short