Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h 0.000%

Price spread now: Deribit against edgeX−0.120%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 3 days (all we have)+0.420%+$42 · spread now −0.120%, 7d avg +0.050%

Together, before fees+0.335%+ Points / potential airdropedgeX: Active · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.170% cheaper against edgeX than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.050%). If the spread goes back, that is −$17 on $10k: about 33 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2453	0.0100	pay 0.0050% / 4h	31m 19s	$65K	$282K	20x
Short	Deribit ADA_USDC-PERPETUAL	0.2450	0.0117	get 0.0015% / 1h	31m 19s	$492K	$430K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. 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 edgeXbpFee DeribitbpOrdersPrice spread, now −0.120%Rate

Funding earned: $3.57
Price spread: −0.120% → +0.050%: −$16.96
Slippage, 4 orders: −$21.28
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$50.66
Costs to cover: 0.373%
Break-even: 106.3 days

Slippage from edgeX: live order book, 46 min ago; Deribit: live order book, 47 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 edgeX live order book, 46 min ago	6.10 bp	10.6 bp −$11	25.0 bp −$250	doesn't fit	doesn't fit
Sell Deribit live order book, 47 min ago	2.85 bp	6.5 bp −$6	13.5 bp −$135	doesn't fit	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-USD	0.0000%	1h	0.2449	−0.152%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	−0.075%	$175K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	−0.132%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2450	−0.116%	$404K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2450	−0.128%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2450	−0.107%	$42.4M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2450	−0.113%	$1.2M	$927K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2449	−0.145%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2450	−0.113%	$101.8M	$362.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2449	−0.157%	$71.4M	$102.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2450	−0.116%	$32.3M	$106.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2448	−0.197%	$97.3M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	−0.157%	$52.8M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.136%	$30.1M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2449	−0.157%	$65.7M	$43.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2450	−0.116%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	−0.071%	$110K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	−0.148%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2453	long leg	$65K	$282K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	+0.044%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.047%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	−0.148%	$90K	$631K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	−0.116%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	−0.127%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	−0.117%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	−0.136%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2449	−0.149%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.157%	$47.8M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2449	−0.140%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.154%	$554K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2449	−0.138%	$6.2M	$11.6M	50x	as long as short
Deribit ADA_USDC-PERPETUALshort	+0.0117%	1h	0.2450	−0.120%	$492K	$430K	50x
Phoenix ADA	+0.0130%	1h	0.2452	−0.018%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2448	−0.197%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.740%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2449	−0.152%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0564% / S −0.0313%	1h	0.2449	−0.141%	$122K	—	100x	as long as short