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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.023%
Price spread now: SoDEX against dYdX+0.054%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.054% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ADA-USD0.24680get 0.0000% / 1h26m 16s$203K$3K10x
ShortSoDEX ADA-USD0.24690.0100get 0.0013% / 1h26m 16s$340$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$21
Price spread: +0.054% → 0.000%
$5.41
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$8.41
Costs to cover
0.180%
Break-even
4.2 days
Slippage unknown: dYdX: live order book, 43 min ago; SoDEX: 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, 43 min ago75.22 bp238.7 bp −$239238.8 bp −$2,388238.8 bp −$23.9K281.4 bp −$140.7K
Sell SoDEX no order-book sample
SoDEX: 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 36 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-USDlong0.0000%1h0.2468long leg$203K$3K10x
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2468+0.012%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.119%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0048%1h0.2468−0.003%$408K$7.4M50xas long as short
Hyperliquid ADA+0.0100%1h0.2471+0.115%$43.1M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2470+0.078%$1.2M$970K75xas long as short
Pacifica ADA+0.0100%1h0.2469+0.048%$160K$156K10xas long as short
Binance ADAUSDT+0.0100%8h0.2469+0.038%$103.3M$373.5M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2468−0.003%$72.6M$108.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2470+0.078%$32.8M$108.3M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2468−0.003%$98.4M$59.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2468−0.003%$49.6M$51.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2469+0.026%$30.1M$17.6M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2469+0.038%$66.0M$46.9M75xas long as short
BingX ADA-USDT+0.0100%8h0.2469+0.038%$20.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2469+0.054%$128K$423K15xas long as short
Variational Omni ADA+0.0100%8h0.2469+0.042%$4.2M$992Kas long as short
edgeX ADAUSDC+0.0100%4h0.2456−0.478%$65K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2457−0.451%$288K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2458−0.408%$56K$588K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2469+0.018%$94K$666K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2469+0.038%$6K$27K20xas long as short
Derive ADA-PERP+0.0100%1h0.2471+0.102%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2470+0.076%$8K$767K30xas long as short
SoDEX ADA-USDshort+0.0100%1h0.2469+0.054%$340$13K10x
HTX ADA-USDT+0.0100%8h0.2468−0.006%$1.3M$5.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2468−0.003%$48.0M$6.3M50xas long as short
Extended ADA-USD+0.0104%1h0.2469+0.030%$535K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0105%8h0.2469+0.038%$21K$25020xas long as short
Kalshi KXADAPERP+0.0111%8h0.2469+0.038%$140K$6.3M3.2xas long as short
Phoenix ADA+0.0163%1h0.2461−0.270%$4K$87K10xas long as short
Lighter ADA+0.0200%1h0.2471+0.107%$2.5M$1.0M10xas long as short
Reya ADARUSDPERP+0.0281%1h0.2469+0.018%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0352%1h0.2468+0.017%$6.3M$12.1M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0398%1h0.2471+0.107%$505K$470K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0417% / S −0.0202%1h0.2469+0.028%$96K100xas long as short