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: Orderly against Extended−0.002%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2452	0.0104	pay 0.0013% / 1h	22m 59s	$554K	$1.8M	50x
Short	Orderly PERP_ADA_USDC	0.2452	0.0100	get 0.0100% / 8h	1h 22m	$6K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.002%Rate

Funding earned: −$0.84
Price spread: −0.002% → 0.000%: −$0.16
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

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, 1 min ago	2.04 bp	4.5 bp −$5	9.8 bp −$98	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2451	−0.054%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2453	+0.039%	$154K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	+0.021%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2451	−0.042%	$409K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2452	−0.007%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2454	+0.072%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2453	+0.031%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	+0.039%	$1.2M	$917K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2452	+0.007%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2453	+0.019%	$101.7M	$359.7M	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	0.2451	−0.042%	$71.1M	$101.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2453	+0.039%	$31.8M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2451	−0.042%	$96.6M	$58.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	−0.002%	$52.7M	$50.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	+0.019%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2452	−0.002%	$65.7M	$43.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2452	−0.002%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2453	+0.031%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	+0.006%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.006%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	−0.002%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.002%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	+0.051%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDCshort	+0.0100%	8h	0.2452	−0.002%	$6K	$36K	20x
Derive ADA-PERP	+0.0100%	1h	0.2453	+0.021%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	+0.082%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	−0.018%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	+0.042%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	−0.002%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2452	−0.005%	$21K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2452	long leg	$554K	$1.8M	50x
Phoenix ADA	+0.0131%	1h	0.2451	−0.059%	$4K	$74K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0199%	1h	0.2453	+0.051%	$479K	$352K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	+0.039%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2452	+0.002%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.773%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2452	−0.002%	$122K	—	100x	as long as short