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 Bybit+0.216%91s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as 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−$360.362% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 3 days (all we have)+0.144%+$14 · spread now +0.216%, 7d avg +0.008%

Together, before fees+0.223%+ Points / potential airdropedgeX: Active · farm board+$22 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 0.208% dearer against Bybit than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 91 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	Bybit ADAUSDT	0.2448	0.0100	pay 0.0100% / 8h	2h 50m	$70.6M	$100.1M	75x
Short	edgeX ADAUSDC	0.2453	0.0100	get 0.0050% / 4h	2h 50m	$65K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.216%Rate

Funding earned: $0
Price spread: +0.216% → +0.008%: $20.76
Slippage, 4 orders: −$16.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$15.49
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 37 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 Bybit live order book, 4 min ago	2.04 bp	7.5 bp −$8	12.1 bp −$121	33.7 bp −$3,366	153.9 bp −$76.9K
Sell edgeX live order book, 37 min ago	6.08 bp	10.6 bp −$11	27.9 bp −$279	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	0.2449	+0.036%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	+0.123%	$153K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2449	+0.037%	$475K	$358K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2448	+0.006%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2447	−0.041%	$409K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2449	+0.037%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2448	+0.013%	$42.3M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2448	+0.001%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2449	+0.032%	$157K	$148K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2448	+0.010%	$101.0M	$355.9M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDTlong	+0.0100%	8h	0.2448	long leg	$70.6M	$100.1M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2448	0.000%	$32.2M	$105.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2446	−0.082%	$96.9M	$57.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2447	−0.041%	$52.8M	$56.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2447	−0.037%	$30.5M	$18.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2448	0.000%	$65.3M	$42.8M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2447	−0.041%	—	$20.7M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2448	+0.008%	$104K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2447	−0.061%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2453	+0.216%	$65K	$279K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2458	+0.404%	$296K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	+0.163%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2450	+0.078%	$96K	$701K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2448	0.000%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2449	+0.030%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	+0.081%	$9K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2447	−0.029%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2449	+0.024%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2447	−0.041%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2450	+0.073%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2447	−0.028%	$560K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2454	+0.257%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2449	+0.041%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2449	+0.040%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2447	−0.042%	$6.1M	$11.5M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0521% / S −0.0277%	1h	0.2448	−0.001%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.368%	$844	$95K	12x	as long as short