Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.020%

Price spread now: Gate against dYdX0.000%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2142.135% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now 0.000%, 7d avg −0.028%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.027% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2462	0	get 0.0000% / 1h	19m 39s	$203K	$4K	10x
Short	Gate ADA_USDT	0.2462	0.0100	get 0.0100% / 8h	7h 19m	$98.4M	$59.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → −0.028%: $2.72
Slippage, 4 orders: −$188.55
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$189.83
Costs to cover: 2.135%
Break-even: 70.3 days

Slippage from dYdX: live order book, 54 min ago; Gate: live order book, 4 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, 54 min ago	89.91 bp	94.9 bp −$95	119.2 bp −$1,192	123.1 bp −$12.3K	123.4 bp −$61.7K
Sell Gate live order book, 4 min ago	4.05 bp	11.6 bp −$12	15.4 bp −$154	81.7 bp −$8,169	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-USDlong	0.0000%	1h	0.2462	long leg	$203K	$4K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2467	+0.203%	$189K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	+0.141%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.365%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2462	0.000%	$412K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2468	+0.253%	$6.3M	$11.7M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2473	+0.463%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2465	+0.110%	$1.2M	$950K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	+0.092%	$158K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2463	+0.036%	$102.6M	$365.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2463	+0.040%	$72.5M	$104.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2464	+0.081%	$32.6M	$106.9M	50x	as long as short
Gate ADA_USDTshort	+0.0100%	8h	0.2462	0.000%	$98.4M	$59.3M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2462	0.000%	$53.3M	$51.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	+0.113%	$30.2M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	0.000%	$66.1M	$44.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2464	+0.081%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2466	+0.146%	$128K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2465	+0.125%	$4.2M	$967K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2466	+0.169%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2466	+0.162%	$292K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	+0.162%	$56K	$585K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2465	+0.126%	$95K	$649K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2467	+0.203%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2468	+0.249%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2467	+0.202%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2468	+0.243%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2468	+0.249%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2468	+0.243%	$48.2M	$5.7M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2464	+0.098%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	−0.002%	$537K	$1.8M	50x	as long as short
Lighter ADA	+0.0176%	1h	0.2465	+0.134%	$2.5M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0213%	1h	0.2466	+0.154%	$43.1M	$14.2M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2467	+0.203%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2466	+0.163%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0627% / S −0.0393%	1h	0.2466	+0.165%	$142K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4760%	1h	0.2529	+2.709%	$508K	$433K	50x	as long as short