Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0191%/8h= +20.9% APRpaid last 24h +0.064%

Price spread now: Reya against Gate+0.073%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Reya is 0.073% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2438	0.0096	pay 0.0096% / 8h	2h 38m	$96.5M	$57.3M	75x
Short	Reya ADARUSDPERP	0.2440	0.0287	get 0.0036% / 1h	38m 59s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.073%Rate

Funding earned: $40.06
Price spread: +0.073% → 0.000%: $7.35
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $26.41
Costs to cover: 0.210%
Break-even: 2.4 days

Slippage unknown: Gate: live order book, 5 min ago; Reya: no order-book sample. Net counts fees only.

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	2.05 bp	13.1 bp −$13	17.6 bp −$176	82.2 bp −$8,217	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2444	+0.238%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2439	+0.041%	$152K	$5.9M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2441	+0.111%	$474K	$354K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	+0.072%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2434	−0.164%	$405K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2440	+0.074%	$2.4M	$1.3M	10x	as long as short
Gate ADA_USDTlong	+0.0096%	8h	0.2438	long leg	$96.5M	$57.3M	75x
Hyperliquid ADA	+0.0100%	1h	0.2439	+0.057%	$42.3M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	+0.066%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	+0.223%	$156K	$147K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2440	+0.062%	$100.4M	$355.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2439	+0.041%	$70.2M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2440	+0.082%	$31.7M	$104.8M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2439	+0.041%	$52.4M	$56.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2439	+0.041%	$30.3M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2439	+0.041%	$65.3M	$42.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2440	+0.082%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2439	+0.025%	$101K	$410K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	+0.390%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2449	+0.434%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.408%	$286K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2448	+0.410%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2440	+0.070%	$96K	$667K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	+0.082%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	+0.111%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2441	+0.123%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2438	−0.016%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2440	+0.075%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2439	+0.041%	$47.6M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2442	+0.168%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2438	+0.010%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2447	+0.365%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2438	0.000%	$4.3M	$5.4M	75x	as long as short
Reya ADARUSDPERPshort	+0.0287%	1h	0.2440	+0.073%	$1K	—	15x
Kraken Futures PF_ADAUSD	+0.0339%	1h	0.2438	−0.006%	$6.1M	$11.5M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0520% / S −0.0277%	1h	0.2440	+0.078%	$112K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.779%	$844	$95K	12x	as long as short