Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Pacifica against Gate+0.032%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.032%, 7d avg +0.048%

Together, before fees+0.118%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2462	0.0100	pay 0.0100% / 8h	2h 19m	$97.4M	$58.0M	75x
Short	Pacifica ADA	0.2463	0.0100	get 0.0013% / 1h	19m 26s	$158K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → +0.048%: −$1.6
Slippage, 4 orders: −$20.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$45.47
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Pacifica: 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, 5 min ago	2.04 bp	13.3 bp −$13	16.7 bp −$167	80.3 bp −$8,034	doesn't fit
Sell Pacifica live order book, 3 min ago	3.45 bp	8.5 bp −$9	doesn't fit	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	0.2463	+0.038%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	−0.041%	$154K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2463	+0.053%	$478K	$353K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2462	−0.011%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2460	−0.081%	$408K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2465	+0.106%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2464	+0.069%	$42.7M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	+0.017%	$1.2M	$1.0M	75x	as long as short
Pacifica ADAshort	+0.0100%	1h	0.2463	+0.032%	$158K	$147K	10x
Binance ADAUSDT	+0.0100%	8h	0.2462	+0.001%	$101.8M	$355.0M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2462	0.000%	$70.8M	$99.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2461	−0.041%	$32.0M	$105.6M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2462	long leg	$97.4M	$58.0M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2463	+0.041%	$53.0M	$56.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2463	+0.037%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	0.000%	$65.9M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2461	−0.041%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	+0.057%	$101K	$409K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.066%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	−0.023%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	−0.320%	$289K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2462	0.000%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2463	+0.024%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2462	0.000%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	+0.011%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	+0.041%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	+0.020%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	+0.036%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2462	0.000%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2464	+0.064%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	+0.011%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2464	+0.077%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	−0.122%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2463	+0.033%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0335%	1h	0.2463	+0.026%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0505% / S −0.0263%	1h	0.2461	−0.030%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.894%	$838	$131K	12x	as long as short