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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against edgeX−0.360%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$390.389% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.360%, 7d avg +0.009%
Together, before fees+0.030%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board+$3 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: Pacifica is 0.369% cheaper against edgeX than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ADAUSDC0.24950.0100pay 0.0050% / 4h1h 19m$66K$283K20x
ShortPacifica ADA0.24860.0100get 0.0013% / 1h19m 00s$159K$162K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
$0
Price spread: −0.360% → +0.009%
−$36.87
Slippage, 4 orders
−$21.92
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$75.79
Costs to cover
0.389%
Break-even
never at this rate
Slippage from edgeX: live order book, 44 min ago; Pacifica: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 44 min ago6.10 bp10.6 bp −$1128.5 bp −$285doesn't fitdoesn't fit
Sell Pacifica live order book, 44 min ago3.66 bp9.8 bp −$10doesn't fitdoesn't fitdoesn't fit

ADA on 37 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-USD0.0000%1h0.2484−0.452%$204K$3K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2484−0.441%$85K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−0.977%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2485−0.416%$416K$7.7M50xas long as short
Aster ADAUSDT+0.0100%8h0.2485−0.416%$1.2M$999K75xas long as short
Pacifica ADAshort+0.0100%1h0.2486−0.360%$159K$162K10x
Binance ADAUSDT+0.0100%8h0.2484−0.456%$105.6M$371.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2483−0.496%$72.4M$110.3M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2484−0.456%$33.1M$107.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2483−0.496%$99.9M$60.4M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ADA_USDT+0.0100%8h0.2484−0.456%$57.6M$60.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2484−0.444%$29.9M$16.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2483−0.496%$66.6M$49.4M75xas long as short
BingX ADA-USDC+0.0100%8h0.2483−0.496%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2484−0.464%$139K$433K15xas long as short
Variational Omni ADA+0.0100%8h0.2495−0.014%$4.3M$1.1Mas long as short
edgeX ADAUSDClong+0.0100%4h0.2495long leg$66K$283K20x
GRVT ADA_USDT_Perp+0.0100%8h0.2482−0.526%$294K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2496+0.025%$230K$736K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2486−0.392%$96K$678K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2484−0.456%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2485−0.420%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2485−0.416%$9K$746K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2485−0.436%$342$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2486−0.364%$1.3M$6.2M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2484−0.456%$48.3M$6.5M50xas long as short
Kalshi KXADAPERP+0.0103%8h0.2488−0.296%$160K$6.3M3.2xas long as short
Extended ADA-USD+0.0104%1h0.2484−0.462%$539K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0110%8h0.2487−0.354%$21K$25020xas long as short
Hyperliquid ADA+0.0129%1h0.2485−0.400%$43.2M$14.4M10xas long as short
Phoenix ADA+0.0163%1h0.2492−0.139%$4K$90K10xas long as short
Lighter ADA+0.0192%1h0.2486−0.388%$2.5M$1.1M10xas long as short
BloFin ADA-USDT+0.0220%8h0.2485−0.416%$4.5M$5.8M75xas long as short
Kraken Futures PF_ADAUSD+0.0258%1h0.2484−0.465%$6.3M$12.6M50xas long as short
Reya ADARUSDPERP+0.0280%1h0.2485−0.399%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0487% / S −0.0279%1h0.2484−0.455%$109K100xas long as short
Deribit ADA_USDC-PERPETUAL+0.0515%1h0.2485−0.396%$587K$443K50xas long as short