Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0185%/8h= +20.3% APRpaid last 24h +0.060%

Price spread now: Reya against Bitget−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.038% cheaper against Bitget than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2474	0.0100	pay 0.0100% / 8h	1h 39m	$66.3M	$42.9M	75x
Short	Reya ADARUSDPERP	0.2473	0.0285	get 0.0036% / 1h	39m 55s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.038%Rate

Funding earned: $38.94
Price spread: −0.038% → 0.000%: −$3.8
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $17.14
Costs to cover: 0.180%
Break-even: 3.9 days

Slippage unknown: Bitget: live order book, 4 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	2.03 bp	8.0 bp −$8	12.7 bp −$127	25.6 bp −$2,556	87.4 bp −$43.7K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2471	−0.104%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2472	−0.081%	$160K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2474	−0.018%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2471	−0.121%	$422K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0094%	1h	0.2475	+0.025%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2476	+0.069%	$2.5M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2476	+0.069%	$42.9M	$14.6M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2473	−0.020%	$1.2M	$919K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2472	−0.069%	$158K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2473	−0.030%	$102.7M	$355.8M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2473	−0.040%	$71.8M	$100.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2474	0.000%	$32.1M	$105.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2473	−0.040%	$97.6M	$57.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2472	−0.081%	$53.5M	$50.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2475	+0.032%	$30.5M	$18.2M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2474	long leg	$66.3M	$42.9M	75x
BingX ADA-USDT	+0.0100%	8h	0.2475	+0.040%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2475	+0.049%	$103K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2473	−0.032%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2466	−0.308%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2462	−0.468%	$297K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2464	−0.404%	$56K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2472	−0.093%	$97K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2474	0.000%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2474	+0.007%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2475	+0.040%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2474	+0.004%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2475	+0.021%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2472	−0.081%	$48.2M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2472	−0.061%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2473	−0.039%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2463	−0.453%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2473	−0.040%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERPshort	+0.0285%	1h	0.2473	−0.038%	$1K	—	15x
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−1.172%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2473	−0.038%	$123K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.3267%	1h	0.2482	+0.335%	$482K	$349K	50x	as long as short