Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.011%

Price spread now: edgeX against Extended+0.400%73s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as 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−$340.338% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)−0.367%−$37 · spread now +0.400%, 7d avg +0.029%

Together, before fees−0.257%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$26 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: edgeX is 0.372% dearer against Extended than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 73 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	Extended ADA-USD	0.2443	0.0104	pay 0.0013% / 1h	30m 12s	$554K	$1.8M	50x
Short	edgeX ADAUSDC	0.2453	0.0100	get 0.0050% / 4h	30m 12s	$65K	$282K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.400%Rate

Funding earned: −$0.84
Price spread: +0.400% → +0.029%: $37.15
Slippage, 4 orders: −$19.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $2.49
Costs to cover: 0.338%
Break-even: from the start

Slippage from Extended: live order book, 3 min ago; edgeX: live order book, 48 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, 3 min ago	2.04 bp	4.5 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit
Sell edgeX live order book, 48 min ago	6.10 bp	10.6 bp −$11	28.6 bp −$286	doesn't fit	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	0.2444	+0.056%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2446	+0.120%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2444	+0.021%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2444	+0.038%	$403K	$7.3M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0077%	1h	0.2444	+0.047%	$491K	$430K	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2443	+0.002%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2444	+0.047%	$42.3M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2444	+0.033%	$1.2M	$928K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2445	+0.061%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2442	−0.043%	$101.5M	$362.7M	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	0.2441	−0.084%	$70.9M	$103.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2442	−0.043%	$32.2M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2442	−0.043%	$97.0M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2443	−0.002%	$52.6M	$50.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2443	+0.010%	$30.0M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2444	+0.038%	$65.5M	$43.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2444	+0.038%	—	$18.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	+0.264%	$110K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	+0.252%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2453	+0.400%	$65K	$282K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	+0.445%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.448%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2443	+0.010%	$90K	$632K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2443	−0.002%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2444	+0.032%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	+0.036%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2444	+0.018%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2444	+0.033%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2443	−0.002%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2443	+0.018%	$20K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2443	long leg	$554K	$1.8M	50x
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2443	−0.013%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2452	+0.382%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2448	+0.202%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.144%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2443	+0.002%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0564% / S −0.0313%	1h	0.2443	+0.007%	$121K	—	100x	as long as short