Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%

Price spread now: Bitget against dYdX−0.007%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$331as in the Price arb table

costs, in and out, $10k−$3313.306% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.007%, 7d avg +0.001%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2458	0	get 0.0000% / 1h	44m 31s	$202K	$3K	10x
Short	Bitget ADAUSDT	0.2458	0.0100	get 0.0100% / 8h	5h 44m	$65.8M	$47.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.007%Rate

Funding earned: $21
Price spread: −0.007% → +0.001%: −$0.86
Slippage, 4 orders: −$308.55
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$310.42
Costs to cover: 3.306%
Break-even: 110.5 days

Slippage from dYdX: live order book, 20 min ago; Bitget: live order book, 5 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 dYdX live order book, 20 min ago	150.28 bp	155.3 bp −$155	155.3 bp −$1,553	155.3 bp −$15.5K	162.5 bp −$81.2K
Sell Bitget live order book, 5 min ago	2.04 bp	8.0 bp −$8	12.8 bp −$128	28.7 bp −$2,872	118.6 bp −$59.3K

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-USDlong	0.0000%	1h	0.2458	long leg	$202K	$3K	10x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2456	−0.073%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.521%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2456	−0.089%	$443K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2459	+0.053%	$42.9M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2457	−0.052%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2459	+0.029%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2457	−0.048%	$102.9M	$367.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	−0.048%	$72.6M	$107.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2458	−0.007%	$32.7M	$105.2M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2456	−0.089%	$98.2M	$58.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	−0.048%	$59.9M	$55.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	−0.012%	$29.8M	$16.9M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2458	−0.007%	$65.8M	$47.6M	75x
BingX ADA-USDT	+0.0100%	8h	0.2457	−0.048%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2461	+0.102%	$119K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.086%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	−0.174%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.230%	$287K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.252%	$226K	$722K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	−0.020%	$94K	$674K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.007%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2460	+0.081%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2461	+0.112%	$8K	$745K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.074%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	+0.009%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	+0.033%	$47.8M	$6.3M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2456	−0.089%	$161K	$6.2M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	−0.013%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2460	+0.068%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	−0.077%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0176%	1h	0.2460	+0.066%	$2.4M	$1.0M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	+0.155%	—	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2459	+0.052%	$6.2M	$12.2M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2457	−0.028%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2455	−0.116%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0523%	1h	0.2461	+0.106%	$540K	$456K	50x	as long as short