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 +0.013%

Price spread now: Gate against Extended−0.045%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.045%, 7d avg −0.004%

Together, before fees+0.075%+ Points / potential airdropExtended: Active · farm board+$8 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: Gate is 0.041% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2462	0.0104	pay 0.0013% / 1h	55m 53s	$559K	$1.8M	50x
Short	Gate ADA_USDT	0.2461	0.0100	get 0.0100% / 8h	1h 55m	$97.0M	$57.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.045%Rate

Funding earned: −$0.84
Price spread: −0.045% → −0.004%: −$4.11
Slippage, 4 orders: −$19.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.33
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Gate: live order book, 3 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	7.6 bp −$76	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.04 bp	13.3 bp −$13	16.7 bp −$167	94.2 bp −$9,419	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	0.2462	+0.008%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2458	−0.167%	$162K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2462	0.000%	$478K	$352K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	−0.060%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2454	−0.329%	$407K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2461	−0.029%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.036%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2463	+0.032%	$42.7M	$14.6M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2461	−0.040%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	+0.003%	$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	−0.003%	$102.0M	$355.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2462	−0.005%	$70.8M	$99.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2462	−0.005%	$31.9M	$105.6M	50x	as long as short
Gate ADA_USDTshort	+0.0100%	8h	0.2461	−0.045%	$97.0M	$57.3M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2460	−0.086%	$53.0M	$50.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	−0.037%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	−0.005%	$65.9M	$42.8M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2461	−0.045%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	+0.032%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	−0.517%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2450	−0.495%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2449	−0.520%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	−0.492%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	−0.033%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	−0.045%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	−0.002%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2461	−0.047%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	−0.025%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2462	−0.010%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2461	−0.045%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2463	+0.020%	$21K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2462	long leg	$559K	$1.8M	50x
Phoenix ADA	+0.0195%	1h	0.2454	−0.325%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	−0.370%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2461	−0.035%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.695%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2461	−0.058%	$122K	—	100x	as long as short