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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.024%
Price spread now: Paradex against dYdX+0.035%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 fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.035% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ADA-USD0.24410.0002pay 0.0000% / 1h16m 44s$201K$2K10x
ShortParadex ADA-USD-PERP0.24410.0101get 0.0101% / 8h2h 16m$20K$25020x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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

Funding earned
$20.85
Price spread: +0.035% → 0.000%
$3.54
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
$10.4
Costs to cover
0.140%
Break-even
3.5 days
Slippage unknown: dYdX: live order book, 32 min ago; Paradex: no order-book sample. 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 dYdX live order book, 32 min ago143.70 bp148.7 bp −$149148.7 bp −$1,487148.7 bp −$14.9K152.4 bp −$76.2K
Sell Paradex no order-book sample
Paradex: 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
Kalshi KXADAPERP0.0000%8h0.2439−0.062%$190K$7.5M3.2xas long as short
dYdX ADA-USDlong+0.0002%1h0.2441long leg$201K$2K10x
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2438−0.086%$83K150xas long as short
Kraken Futures PF_ADAUSD+0.0020%1h0.2439−0.054%$6.3M$13.7M50xas long as short
Phoenix ADA+0.0032%1h0.2441+0.036%$4K$105K10xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+1.249%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.24400.000%$2.4M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h0.2440−0.037%$42.0M$17.5M10xas long as short
Aster ADAUSDT+0.0100%8h0.2440−0.011%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2441+0.011%$156K$176K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2441+0.025%$102.7M$407.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2440−0.021%$71.7M$123.7M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2440−0.021%$32.4M$117.2M50xas long as short
Gate ADA_USDT+0.0100%8h0.2439−0.062%$98.9M$64.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2440−0.021%$52.4M$65.0M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2441+0.012%$29.3M$15.7M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2440−0.021%$66.3M$53.1M75xas long as short
BingX ADA-USDT+0.0100%8h0.2440−0.021%$20.2Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2439−0.050%$126K$476K15xas long as short
Variational Omni ADA+0.0100%8h0.2427−0.551%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2430−0.416%$65K$286K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2438−0.103%$286K$4.0M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2439−0.062%$84K$887K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2439−0.070%$120K$1.0M10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2439−0.062%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2439−0.048%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2440−0.023%$8K$763K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2440−0.041%$336$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2439−0.061%$1.3M$6.9M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2438−0.103%$47.3M$7.4M50xas long as short
Paradex ADA-USD-PERPshort+0.0101%8h0.2441+0.035%$20K$25020x
Extended ADA-USD+0.0104%1h0.2440−0.027%$521K$1.8M50xas long as short
Coinbase International ADA-PERP-INTX+0.0104%1h0.2438−0.103%$380K$8.5M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2442+0.061%$4.4M$5.8M75xas long as short
Reya ADARUSDPERP+0.0275%1h0.2440−0.041%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0447%1h0.2440−0.009%$608K$597K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0640% / S −0.0714%1h0.2438−0.109%$161K100xas long as short