Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: GRVT against Gate−0.076%96s7-day average +0.020% · 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—prices read too far apart to compare

costs, in and out, $10k−$450.450% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.197%+$20 · spread now −0.076%, 7d avg +0.020%

Together, before fees+0.234%+ Points / potential airdropGRVT: Active · farm board+$23 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: GRVT is 0.096% 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 +0.020%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2456	0.0100	pay 0.0100% / 8h	2h 17m	$97.3M	$58.0M	75x
Short	GRVT ADA_USDT_Perp	0.2454	0.0100	get 0.0100% / 8h	2h 17m	$289K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.020%: −$9.55
Slippage, 4 orders: −$21.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$54.59
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; GRVT: live order book, 1 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, 1 min ago	2.03 bp	13.2 bp −$13	17.6 bp −$176	84.0 bp −$8,400	doesn't fit
Sell GRVT live order book, 1 min ago	2.03 bp	6.5 bp −$7	11.5 bp −$115	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	0.2460	+0.171%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2460	+0.163%	$153K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	+0.175%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2462	+0.244%	$408K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2459	+0.134%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2458	+0.069%	$42.6M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	+0.077%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	+0.214%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.067%	$101.6M	$355.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	+0.041%	$70.6M	$99.9M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	+0.041%	$31.9M	$105.5M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2456	long leg	$97.3M	$58.0M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2456	0.000%	$52.9M	$56.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2457	+0.045%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	0.000%	$65.8M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2457	+0.041%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	+0.057%	$101K	$410K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	+0.178%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.222%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perpshort	+0.0100%	8h	0.2454	−0.076%	$289K	$3.9M	10x
ApeX Omni ADAUSDT	+0.0100%	1h	0.2462	+0.244%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.195%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2460	+0.163%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2461	+0.213%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	+0.245%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2461	+0.220%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2460	+0.169%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2457	+0.041%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2462	+0.225%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	+0.009%	$559K	$1.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0116%	1h	0.2462	+0.244%	$478K	$353K	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2464	+0.322%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	+0.244%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2461	+0.217%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0335%	1h	0.2461	+0.197%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0505% / S −0.0263%	1h	0.2460	+0.176%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.651%	$838	$131K	12x	as long as short