Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Bybit+0.051%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.051%, 7d avg +0.022%

Together, before fees+0.041%+ Points / potential airdropPacifica: Active · farm board+$4 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: Pacifica is 0.029% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.022%.

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	1h 08m	$73.1M	$124.6M	75x
Short	Pacifica ADA	0.2458	0.0100	get 0.0013% / 1h	8m 33s	$157K	$178K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.022%: $2.86
Slippage, 4 orders: −$12.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$28.61
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Pacifica: live order book, 34 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, 5 min ago	2.03 bp	7.5 bp −$8	10.7 bp −$107	28.2 bp −$2,824	130.4 bp −$65.2K
Sell Pacifica live order book, 34 min ago	2.67 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit

ADA on 36 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
Kalshi KXADAPERP	0.0000%	8h	0.2460	+0.122%	$175K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	+0.133%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.570%	$849	$202K	12x	as long as short
dYdX ADA-USD	+0.0034%	1h	0.2456	−0.023%	$202K	$2K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	+0.163%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	+0.038%	$1.2M	$1.1M	75x	as long as short
Pacifica ADAshort	+0.0100%	1h	0.2458	+0.051%	$157K	$178K	10x
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.041%	$103.6M	$407.3M	75x	as long as short
Bybit ADAUSDTlong	+0.0100%	8h	0.2457	long leg	$73.1M	$124.6M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	0.000%	$32.7M	$118.3M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2457	0.000%	$100.6M	$65.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	0.000%	$51.8M	$65.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	+0.037%	$29.4M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2458	+0.041%	$66.9M	$53.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2458	+0.041%	—	$20.2M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	+0.124%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	+0.207%	$66K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.160%	$294K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	+0.024%	$128K	$1.3M	10x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2461	+0.164%	$8K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2461	+0.159%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2461	+0.182%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2460	+0.122%	$47.7M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2457	−0.008%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2459	+0.061%	$21K	$250	20x	as long as short
ApeX Omni ADAUSDT	+0.0120%	1h	0.2461	+0.163%	$79K	$893K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2461	+0.163%	$371K	$8.5M	50x	as long as short
Lighter ADA	+0.0128%	1h	0.2460	+0.106%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2464	+0.265%	$4K	$111K	10x	as long as short
Backpack ADA_USDC_PERP	+0.0166%	1h	0.2461	+0.163%	$136K	$484K	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0169%	1h	0.2461	+0.154%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2463	+0.244%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2458	+0.061%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0302%	1h	0.2459	+0.090%	$43.2M	$18.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0522%	1h	0.2462	+0.220%	$628K	$617K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0603% / S −0.0679%	1h	0.2460	+0.135%	$156K	—	100x	as long as short