Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Polymarket Perps against Gate+0.028%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 4 days (all we have)+0.390%+$39 · spread now +0.028%, 7d avg +0.042%

Together, before fees+0.191%+$19 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	0.2460	0.0100	pay 0.0100% / 8h	4h 54m	$98.4M	$58.7M	75x
Short	Polymarket Perps ADA-USD	0.2461	0.0100	get 0.0013% / 1h	54m 52s	$92K	$683K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.042%: −$1.32
Slippage, 4 orders: −$19.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$43.74
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Polymarket Perps: 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, 4 min ago	2.03 bp	12.5 bp −$13	16.2 bp −$162	72.4 bp −$7,240	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	4.29 bp	8.3 bp −$8	11.8 bp −$118	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	−0.017%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	+0.041%	$140K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	+0.020%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.447%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2459	−0.041%	$412K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2461	+0.026%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.114%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	+0.079%	$1.2M	$979K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	+0.021%	$160K	$161K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2462	+0.081%	$103.9M	$372.6M	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	0.2460	0.000%	$71.8M	$111.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2462	+0.081%	$32.7M	$106.2M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2460	long leg	$98.4M	$58.7M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2462	+0.081%	$61.4M	$59.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2462	+0.085%	$29.7M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	+0.081%	$66.1M	$50.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2461	+0.041%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2462	+0.093%	$126K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2462	+0.085%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.318%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2451	−0.383%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2449	−0.447%	$226K	$740K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2461	+0.028%	$92K	$683K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	+0.041%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	+0.099%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	+0.123%	$8K	$742K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2461	+0.049%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2461	+0.021%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2462	+0.081%	$48.0M	$6.5M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2464	+0.142%	$42.8M	$14.9M	10x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	+0.079%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2462	+0.072%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2459	−0.024%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2460	0.000%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2460	−0.020%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0481%	1h	0.2463	+0.110%	$588K	$485K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0548% / S −0.0339%	1h	0.2460	+0.009%	$121K	—	100x	as long as short