Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Bitget against Derive+0.027%7-day average · you sell dearer than you buy
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 feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.027% dearer against Derive than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive ADA-PERP0.24520.0100pay 0.0013% / 1h50m 02s$40K$3K5x
ShortBitget ADAUSDT0.24530.0100get 0.0100% / 8h1h 50m$65.7M$42.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Derive. 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
$0
Price spread: +0.027% → 0.000%
$2.68
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$15.32
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; Bitget: live order book, 4 min ago. 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 Derive no order-book sample
Sell Bitget live order book, 4 min ago4.07 bp10.1 bp −$1014.2 bp −$14224.8 bp −$2,48192.6 bp −$46.3K
Derive: 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%1h0.2454+0.071%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2455+0.108%$165K$5.9M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2452−0.030%$84K150xas long as short
Coinbase International ADA-PERP-INTX+0.0064%1h0.2454+0.068%$407K$7.2M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0076%1h0.2453+0.019%$476K$350K50xas long as short
Kraken Futures PF_ADAUSD+0.0095%1h0.2452−0.008%$6.2M$11.4M50xas long as short
Lighter ADA+0.0096%1h0.2455+0.088%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2453+0.043%$42.5M$14.5M10xas long as short
Aster ADAUSDT+0.0100%8h0.2453+0.016%$1.2M$999K75xas long as short
Pacifica ADA+0.0100%1h0.2455+0.100%$157K$147K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2453+0.023%$101.5M$355.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2452−0.014%$70.8M$99.5M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2454+0.068%$31.8M$105.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2452−0.014%$96.5M$57.5M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2452−0.014%$52.8M$50.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2453+0.031%$30.3M$18.3M75xas long as short
Bitget ADAUSDTshort+0.0100%8h0.2453+0.027%$65.7M$42.9M75x
BingX ADA-USDT+0.0100%8h0.2453+0.027%$20.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2453+0.039%$101K$413K15xas long as short
Variational Omni ADA+0.0100%8h0.2451−0.043%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2457+0.185%$66K$279K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2464+0.476%$298K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2456+0.149%$55K$579K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2454+0.047%$96K$625K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2452−0.014%$6K$36K20xas long as short
Derive ADA-PERPlong+0.0100%1h0.2452long leg$40K$3K5x
SunX ADA-USDT+0.0100%8h0.2455+0.107%$9K$756K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2452+0.006%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2452−0.007%$1.3M$5.1M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2452−0.014%$47.9M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2456+0.130%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2453+0.032%$559K$1.8M50xas long as short
Phoenix ADA+0.0131%1h0.2456+0.153%$4K$74K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2451−0.055%$4.4M$5.4M75xas long as short
Reya ADARUSDPERP+0.0286%1h0.2453+0.037%$1K15xas long as short
Injective ADA/USDC PERP+0.0288%1h0.2445−0.299%$840$168K12xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0565% / S −0.0313%1h0.2452−0.024%$122K100xas long as short