Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: Extended against Gate+0.117%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days−0.157%−$16 · spread now +0.117%, 7d avg −0.025%

Together, before fees−0.201%+ Points / potential airdropExtended: Active · farm board−$20 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: Extended is 0.142% dearer against Gate than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2455	0.0100	pay 0.0100% / 8h	5h 45m	$98.1M	$58.6M	75x
Short	Extended ADA-USD	0.2458	0.0104	get 0.0013% / 1h	45m 35s	$535K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0.84
Price spread: +0.117% → −0.025%: $14.23
Slippage, 4 orders: −$15.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.67
Costs to cover: 0.357%
Break-even: 179.3 days

Slippage from Gate: live order book, 3 min ago; Extended: 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 Gate live order book, 3 min ago	2.04 bp	13.5 bp −$14	17.7 bp −$177	95.2 bp −$9,523	doesn't fit
Sell Extended live order book, 3 min ago	2.04 bp	4.5 bp −$5	7.6 bp −$76	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	0.2453	−0.099%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2456	+0.059%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.652%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2455	0.000%	$444K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2455	+0.004%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	−0.051%	$1.2M	$984K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2454	−0.047%	$157K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2454	−0.031%	$102.8M	$367.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2455	0.000%	$72.5M	$107.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	+0.081%	$32.6M	$105.1M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDTlong	+0.0100%	8h	0.2455	long leg	$98.1M	$58.6M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2453	−0.081%	$59.8M	$55.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	−0.049%	$29.7M	$16.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2457	+0.081%	$65.8M	$47.6M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2457	+0.081%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2456	+0.053%	$119K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.044%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	−0.045%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2463	+0.325%	$298K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.122%	$226K	$722K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2456	+0.033%	$94K	$674K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	+0.122%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	+0.180%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	+0.202%	$8K	$744K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2456	+0.041%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2459	+0.150%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	−0.081%	$47.7M	$6.3M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2457	+0.081%	$161K	$6.2M	3.2x	as long as short
Extended ADA-USDshort	+0.0104%	1h	0.2458	+0.117%	$535K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0109%	8h	0.2458	+0.104%	$21K	$250	20x	as long as short
Lighter ADA	+0.0160%	1h	0.2455	+0.016%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2460	+0.204%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	−0.081%	—	$5.7M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0262%	1h	0.2454	−0.053%	$6.2M	$12.2M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2456	+0.041%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2457	+0.079%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0523%	1h	0.2460	+0.208%	$540K	$456K	50x	as long as short