Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: edgeX against Gate−0.059%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.059%, 7d avg +0.038%

Together, before fees+0.134%+ Points / potential airdropedgeX: Active · farm board+$13 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 0.097% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2439	0.0100	pay 0.0100% / 8h	1h 50m	$99.7M	$64.1M	75x
Short	edgeX ADAUSDC	0.2438	0.0100	get 0.0050% / 4h	1h 50m	$65K	$286K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → +0.038%: −$9.67
Slippage, 4 orders: −$23.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$57.33
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 57 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 Gate live order book, 3 min ago	2.05 bp	13.3 bp −$13	17.7 bp −$177	85.9 bp −$8,586	doesn't fit
Sell edgeX live order book, 57 min ago	6.07 bp	10.6 bp −$11	28.1 bp −$281	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
Kalshi KXADAPERP	0.0000%	8h	0.2436	−0.123%	$191K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2437	−0.066%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.312%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2437	−0.082%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2438	−0.025%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2436	−0.131%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2440	+0.033%	$102.8M	$410.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2438	−0.041%	$72.1M	$125.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2440	+0.041%	$32.5M	$118.2M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2439	long leg	$99.7M	$64.1M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDT	+0.0100%	8h	0.2439	0.000%	$51.9M	$64.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2439	+0.004%	$29.4M	$15.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2440	+0.041%	$66.2M	$53.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2439	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2439	+0.012%	$137K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	−0.078%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2438	−0.059%	$65K	$286K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2437	−0.082%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2440	+0.041%	$82K	$890K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2437	−0.062%	$130K	$1.1M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2438	−0.032%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2440	+0.039%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2439	−0.021%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2438	−0.052%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2438	−0.041%	$47.3M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2439	−0.006%	$511K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2436	−0.109%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2437	−0.082%	$374K	$8.6M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2437	−0.062%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0171%	1h	0.2438	−0.030%	$6.3M	$13.8M	50x	as long as short
dYdX ADA-USD	+0.0215%	1h	0.2435	−0.180%	$200K	$2K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2440	+0.041%	$4.5M	$5.8M	75x	as long as short
Lighter ADA	+0.0232%	1h	0.2440	+0.033%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2438	−0.061%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0312%	1h	0.2442	+0.123%	$42.9M	$18.2M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0728%	1h	0.2438	−0.045%	$163K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0653%	1h	0.2439	+0.012%	$621K	$613K	50x	as long as short