Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.016%

Price spread now: Bitget against Extended+0.076%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.076%, 7d avg +0.023%

Together, before fees−0.008%+ Points / potential airdropExtended: Active · farm board−$1 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: Bitget is 0.053% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2460	0.0104	pay 0.0013% / 1h	56m 41s	$556K	$1.8M	50x
Short	Bitget ADAUSDT	0.2462	0.0100	get 0.0100% / 8h	1h 56m	$65.9M	$42.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$0.84
Price spread: +0.076% → +0.023%: $5.34
Slippage, 4 orders: −$15.56
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.06
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bitget: live order book, 2 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 Extended live order book, 2 min ago	2.04 bp	4.5 bp −$5	7.6 bp −$76	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.04 bp	8.0 bp −$8	11.0 bp −$110	29.3 bp −$2,927	92.2 bp −$46.1K

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	0.2462	+0.088%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	−0.209%	$162K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2457	−0.142%	$84K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0035%	1h	0.2459	−0.062%	$477K	$353K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2454	−0.249%	$407K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2456	−0.150%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.125%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2463	+0.113%	$42.7M	$14.6M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2460	+0.003%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	+0.084%	$157K	$147K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2462	+0.066%	$102.0M	$355.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2461	+0.035%	$70.8M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2462	+0.076%	$31.9M	$105.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2459	−0.046%	$96.9M	$57.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2462	+0.076%	$53.0M	$50.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2462	+0.064%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2462	+0.076%	$65.9M	$42.7M	75x
BingX ADA-USDC	+0.0100%	8h	0.2461	+0.035%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2459	−0.054%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	−0.437%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2450	−0.415%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2449	−0.440%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	−0.412%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	−0.217%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.087%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	−0.094%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	−0.170%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	−0.139%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2459	−0.033%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2456	−0.168%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2463	+0.100%	$21K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2460	long leg	$556K	$1.8M	50x
Phoenix ADA	+0.0195%	1h	0.2454	−0.245%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	−0.290%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2457	−0.138%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.615%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2457	−0.120%	$122K	—	100x	as long as short