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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.016%
Price spread now: Coinbase International against gTrade (Gains Network)+0.171%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.171% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ADA/USD0.2450L +0.0005% / S −0.0003%pay 0.0001% / 1h2m 19s$84K150x
ShortCoinbase International ADA-PERP-INTX0.24540.0056get 0.0007% / 1h2m 19s$407K$7.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against gTrade (Gains Network). 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
$10.77
Price spread: +0.171% → 0.000%
$17.14
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$7.91
Costs to cover
0.200%
Break-even
1.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Coinbase International: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell Coinbase International live order book, 2 min ago4.08 bp9.8 bp −$1016.5 bp −$165doesn't fitdoesn't fit
gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2450+0.003%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2452+0.090%$153K$5.9M3.2xas long as short
Deribit ADA_USDC-PERPETUAL0.0000%1h0.2451+0.045%$476K$353K50xas long as short
gTrade (Gains Network) ADA/USDlongL +0.0005% / S −0.0003%1h0.2450long leg$84K150x
Coinbase International ADA-PERP-INTXshort+0.0056%1h0.2454+0.171%$407K$7.2M50x
Lighter ADA+0.0096%1h0.2451+0.057%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2451+0.065%$42.5M$14.6M10xas long as short
Aster ADAUSDT+0.0100%8h0.2451+0.049%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2450+0.025%$157K$147K10xas long as short
Binance ADAUSDT+0.0100%8h0.2451+0.037%$101.6M$355.8M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2451+0.049%$70.5M$99.9M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2450+0.008%$31.8M$105.2M50xas long as short
Gate ADA_USDT+0.0100%8h0.2449−0.033%$96.5M$58.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2450+0.008%$52.7M$56.8M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2451+0.037%$30.3M$18.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2450+0.008%$65.6M$42.8M75xas long as short
BingX ADA-USDC+0.0100%8h0.2451+0.049%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2452+0.102%$101K$413K15xas long as short
Variational Omni ADA+0.0100%8h0.2444−0.221%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2445−0.178%$65K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2445−0.212%$295K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2444−0.237%$55K$579K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2450+0.024%$96K$624K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2451+0.049%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2451+0.059%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2451+0.047%$9K$758K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2450−0.004%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2451+0.030%$1.3M$5.1M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2450+0.008%$47.8M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2451+0.047%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2449−0.023%$556K$1.8M50xas long as short
Phoenix ADA+0.0195%1h0.2446−0.139%$4K$82K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2449−0.033%$4.4M$5.4M75xas long as short
Reya ADARUSDPERP+0.0286%1h0.2450+0.020%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0337%1h0.2450−0.003%$6.2M$11.4M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0504% / S −0.0263%1h0.2450+0.014%$110K100xas long as short
Injective ADA/USDC PERP+0.0533%1h0.2445−0.196%$840$168K12xas long as short