Funding arb · Price arb /

ADA

all ADA markets

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: OKX against edgeX+0.059%111s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.377% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.059%, 7d avg +0.009%

Together, before fees−0.278%+ Points / potential airdropedgeX: Active · farm board−$28 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: OKX is 0.050% dearer against edgeX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2477	0.0100	pay 0.0050% / 4h	27m 36s	$66K	$285K	20x
Short	OKX ADA-USDT-SWAP	0.2478	0.0100	get 0.0100% / 8h	4h 27m	$33.0M	$105.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.009%: $5.05
Slippage, 4 orders: −$18.7
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.65
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from edgeX: live order book, 30 min ago; OKX: live order book, 1 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, 30 min ago	6.12 bp	10.6 bp −$11	30.4 bp −$304	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.02 bp	9.4 bp −$9	14.8 bp −$148	48.0 bp −$4,805	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	0.2475	−0.066%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2475	−0.062%	$149K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2473	−0.126%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.223%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2477	+0.019%	$428K	$7.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2473	−0.140%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2478	+0.055%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2475	−0.049%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2477	+0.011%	$161K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2477	+0.023%	$105.0M	$369.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2477	+0.019%	$72.2M	$108.6M	75x	as long as short
OKX ADA-USDT-SWAPshort	+0.0100%	8h	0.2478	+0.059%	$33.0M	$105.7M	50x
Gate ADA_USDT	+0.0100%	8h	0.2476	−0.021%	$98.8M	$59.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2477	+0.019%	$60.4M	$60.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2477	+0.007%	$29.9M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2477	+0.019%	$66.6M	$49.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2477	+0.019%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2474	−0.106%	$125K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2475	−0.059%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2477	long leg	$66K	$285K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2476	−0.012%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	−0.425%	$227K	$743K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2479	+0.088%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2474	−0.102%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2474	−0.112%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2479	+0.100%	$8K	$730K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2473	−0.122%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2478	+0.061%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2473	−0.143%	$48.2M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2477	+0.014%	$536K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2478	+0.070%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0191%	1h	0.2477	+0.013%	$43.0M	$14.8M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2482	+0.201%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2485	+0.342%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2479	+0.100%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0478%	1h	0.2474	−0.086%	$600K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0596% / S −0.0547%	1h	0.2473	−0.124%	$133K	—	100x	as long as short