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 UTC+0.0006%/8h= +0.7% APRnext payment +$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against Bitget−0.140%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.140% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ADAUSDT0.24600.0100pay 0.0100% / 8h4h 53m$66.1M$50.0M75x
ShortParadex ADA-USD-PERP0.24570.0106get 0.0106% / 8h4h 53m$21K$25020x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$1.35
Price spread: −0.140% → 0.000%
−$14.01
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$28.66
Costs to cover
0.160%
Break-even
155.8 days
Slippage unknown: Bitget: live order book, 6 min ago; Paradex: no order-book sample. Net counts fees only.

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, 6 min ago2.03 bp8.3 bp −$813.6 bp −$13628.8 bp −$2,885106.7 bp −$53.3K
Sell Paradex no order-book sample
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ADA on 37 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
dYdX ADA-USD0.0000%1h0.2458−0.099%$202K$3K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2457−0.122%$140K$6.3M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2459−0.049%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.447%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2457−0.122%$412K$7.7M50xas long as short
Kraken Futures PF_ADAUSD+0.0092%1h0.2461+0.028%$6.3M$12.8M50xas long as short
Lighter ADA+0.0096%1h0.2461+0.053%$2.4M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2457−0.136%$1.2M$979K75xas long as short
Pacifica ADA+0.0100%1h0.2458−0.098%$160K$161K10xas long as short
Binance ADAUSDT+0.0100%8h0.2460−0.004%$103.8M$372.3M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2459−0.041%$71.7M$111.2M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2461+0.041%$32.7M$106.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2458−0.081%$98.3M$58.8M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2459−0.041%$61.3M$59.9M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2459−0.033%$29.7M$15.0M75xas long as short
Bitget ADAUSDTlong+0.0100%8h0.2460long leg$66.1M$50.0M75x
BingX ADA-USDC+0.0100%8h0.2459−0.041%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2458−0.069%$126K$444K15xas long as short
Variational Omni ADA+0.0100%8h0.2462+0.085%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2461+0.052%$65K$283K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2451−0.383%$288K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2449−0.447%$226K$740K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2459−0.028%$92K$684K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.24600.000%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2461+0.028%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2458−0.080%$9K$741K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2461+0.028%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2460−0.011%$1.3M$6.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.24600.000%$47.9M$6.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2460+0.014%$533K$1.8M50xas long as short
Paradex ADA-USD-PERPshort+0.0106%8h0.2457−0.140%$21K$25020x
Hyperliquid ADA+0.0115%1h0.2461+0.057%$42.7M$14.9M10xas long as short
Phoenix ADA+0.0195%1h0.2459−0.024%$4K$100K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2461+0.041%$4.5M$5.8M75xas long as short
Reya ADARUSDPERP+0.0279%1h0.24600.000%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0604%1h0.2462+0.065%$588K$486K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0626% / S −0.0463%1h0.2459−0.046%$150K100xas long as short