Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against edgeX+0.144%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now +0.144%, 7d avg +0.024%

Together, before fees+0.224%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.120% dearer against edgeX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2465	0.0100	pay 0.0050% / 4h	1h 39m	$65K	$282K	20x
Short	HTX ADA-USDT	0.2469	0.0100	get 0.0100% / 8h	5h 39m	$1.3M	$6.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.024%: $11.98
Slippage, 4 orders: −$23.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.15
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from edgeX: live order book, 23 min ago; HTX: live order book, 5 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, 23 min ago	6.10 bp	10.6 bp −$11	28.5 bp −$285	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	1.28 bp	9.9 bp −$10	17.0 bp −$170	53.9 bp −$5,386	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	0.2469	+0.172%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2466	+0.019%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.239%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2471	+0.239%	$421K	$7.6M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2470	+0.182%	$42.9M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2470	+0.197%	$1.2M	$987K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2469	+0.159%	$158K	$161K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2465	+0.013%	$103.5M	$369.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	−0.045%	$72.5M	$108.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	−0.005%	$32.9M	$105.7M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2466	+0.036%	$98.8M	$59.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2466	+0.036%	$51.8M	$56.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2468	+0.125%	$29.8M	$16.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2465	−0.005%	$66.1M	$48.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2466	+0.036%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2475	+0.381%	$122K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2468	+0.118%	$4.3M	$1.0M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2465	long leg	$65K	$282K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2464	−0.054%	$299K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	−0.086%	$227K	$730K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2468	+0.129%	$95K	$675K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2465	−0.005%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	+0.024%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	−0.005%	$9K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	−0.025%	$339	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2469	+0.144%	$1.3M	$6.0M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2466	+0.036%	$47.9M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2464	−0.032%	$537K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2465	−0.005%	$166K	$6.3M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2468	+0.124%	$21K	$250	20x	as long as short
Lighter ADA	+0.0144%	1h	0.2466	+0.052%	$2.5M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2469	+0.146%	$4K	$90K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0196%	1h	0.2466	+0.020%	$561K	$477K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2471	+0.239%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2464	−0.047%	$6.3M	$12.4M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2468	+0.116%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0417% / S −0.0202%	1h	0.2465	−0.001%	$96K	—	100x	as long as short