Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bybit+0.013%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Bybit Short on HTX

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)+0.320%+$32 · spread now +0.013%, 7d avg +0.023%

Together, before fees+0.399%+$40 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ADAUSDT	0.2457	0.0100	pay 0.0100% / 8h	3h 25m	$71.3M	$100.4M	75x
Short	HTX ADA-USDT	0.2457	0.0100	get 0.0100% / 8h	3h 25m	$1.3M	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.023%: −$1
Slippage, 4 orders: −$17.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.03
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; HTX: live order book, 3 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, 3 min ago	2.03 bp	7.5 bp −$8	12.0 bp −$120	31.9 bp −$3,195	155.6 bp −$77.8K
Sell HTX live order book, 3 min ago	2.92 bp	12.9 bp −$13	19.6 bp −$196	49.9 bp −$4,993	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	0.2463	+0.244%	$203K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	+0.112%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0032%	1h	0.2462	+0.204%	$438K	$7.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2441	−0.651%	$838	$61K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2460	+0.138%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	+0.204%	$42.8M	$14.0M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	+0.194%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	+0.271%	$159K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.047%	$102.6M	$353.0M	75x	as long as short
Bybit ADAUSDTlong	+0.0100%	8h	0.2457	long leg	$71.3M	$100.4M	75x

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	0.2456	−0.041%	$32.5M	$105.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2459	+0.081%	$97.4M	$57.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	0.000%	$52.6M	$56.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	+0.033%	$30.9M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2457	0.000%	$65.6M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2460	+0.122%	—	$19.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2469	+0.476%	$102K	$429K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	+0.510%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2470	+0.538%	$66K	$277K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2469	+0.477%	$297K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2468	+0.448%	$55K	$576K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.163%	$96K	$737K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2460	+0.122%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2460	+0.118%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	+0.123%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	+0.061%	$338	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2457	+0.013%	$1.3M	$4.7M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.041%	$47.8M	$5.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2462	+0.188%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	+0.049%	$590K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0144%	8h	0.2463	+0.244%	$177K	$5.9M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2465	+0.330%	$4K	$84K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	0.000%	$4.4M	$5.3M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0256%	1h	0.2459	+0.100%	$6.2M	$11.4M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0279%	1h	0.2460	+0.138%	$478K	$361K	50x	as long as short
Reya ADARUSDPERP	+0.0288%	1h	0.2460	+0.138%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0521% / S −0.0277%	1h	0.2461	+0.151%	$113K	—	100x	as long as short