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 +0.003%

Price spread now: HTX against Gate+0.136%7-day average +0.052% · 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−$39as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.136%, 7d avg +0.052%

Together, before fees+0.041%+$4 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: HTX is 0.084% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2443	0.0100	pay 0.0100% / 8h	7m 13s	$97.5M	$60.5M	75x
Short	HTX ADA-USDT	0.2446	0.0100	get 0.0100% / 8h	7m 13s	$1.3M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → +0.052%: $8.38
Slippage, 4 orders: −$20.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.79
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; HTX: live order book, 2 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, 2 min ago	2.05 bp	13.4 bp −$13	17.4 bp −$174	84.4 bp −$8,439	doesn't fit
Sell HTX live order book, 2 min ago	1.02 bp	10.3 bp −$10	20.2 bp −$202	53.8 bp −$5,384	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	0.2446	+0.136%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2446	+0.123%	$213K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2445	+0.064%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2445	+0.082%	$405K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2447	+0.160%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2445	+0.086%	$42.4M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2445	+0.082%	$1.2M	$931K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2447	+0.164%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2446	+0.104%	$101.1M	$366.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2445	+0.082%	$71.1M	$104.0M	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	0.2447	+0.164%	$32.3M	$107.4M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2443	long leg	$97.5M	$60.5M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2445	+0.082%	$52.3M	$51.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2446	+0.111%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2445	+0.082%	$65.7M	$43.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2444	+0.041%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	+0.254%	$106K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2439	−0.158%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2446	+0.110%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2444	+0.042%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2445	+0.082%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2443	−0.004%	$94K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2444	+0.041%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2445	+0.076%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2447	+0.165%	$9K	$767K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2445	+0.102%	$336	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2446	+0.136%	$1.3M	$5.4M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2445	+0.082%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2447	+0.148%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2445	+0.083%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2446	+0.104%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2446	+0.106%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2442	−0.041%	$4.3M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.146%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2444	+0.044%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2444	+0.043%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.1264%	1h	0.2448	+0.209%	$491K	$430K	50x	as long as short