Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against edgeX−0.078%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on gTrade (Gains Network)

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.078% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2450	0.0100	pay 0.0050% / 4h	3h 40m	$65K	$281K	20x
Short	gTrade (Gains Network) ADA/USD	0.2448	L +0.0005% / S −0.0003%	get 0.0000% / 1h	40m 44s	$84K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.078%Rate

Funding earned: −$20.34
Price spread: −0.078% → 0.000%: −$7.75
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$47.09
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 32 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 32 min ago	6.14 bp	10.7 bp −$11	28.7 bp −$287	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2449	−0.031%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	+0.036%	$195K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2448	−0.078%	$84K	—	150x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.852%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2447	−0.127%	$412K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0048%	1h	0.2449	−0.057%	$6.2M	$11.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2452	+0.085%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2450	+0.003%	$4K	$84K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	+0.077%	$42.6M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2450	+0.004%	$1.2M	$944K	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ADA	+0.0100%	1h	0.2451	+0.017%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2450	−0.002%	$101.4M	$364.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2451	+0.036%	$71.6M	$103.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2453	+0.118%	$32.3M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	−0.046%	$97.6M	$58.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	−0.005%	$52.6M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.009%	$30.0M	$17.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2453	+0.118%	$66.0M	$43.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2452	+0.077%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	−0.054%	$108K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	+0.041%	$4.2M	$944K	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2450	long leg	$65K	$281K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2451	+0.037%	$296K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2446	−0.168%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	−0.038%	$93K	$644K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2448	−0.087%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2449	−0.063%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	+0.158%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2449	−0.062%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2449	−0.059%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2448	−0.087%	$47.8M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2453	+0.127%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	−0.005%	$552K	$1.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0118%	1h	0.2449	−0.038%	$494K	$430K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2452	+0.077%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2450	−0.004%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0623% / S −0.0393%	1h	0.2448	−0.101%	$141K	—	100x	as long as short