Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Variational Omni against Gate+0.403%7-day average +0.023% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days−0.423%−$42 · spread now +0.403%, 7d avg +0.023%

Together, before fees−0.421%+ Points / potential airdropVariational Omni: Active · farm board−$42 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: Variational Omni is 0.380% dearer against Gate than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2498	0.0100	pay 0.0100% / 8h	3h 33m	$102.1M	$60.8M	75x
Short	Variational Omni ADA	0.2508	0.0100	get 0.0100% / 8h	3h 33m	$4.4M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.403%Rate

Funding earned: $0
Price spread: +0.403% → +0.023%: $37.96
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $22.96
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 5 min ago; Variational Omni: RFQ quote, just now. 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	2.00 bp	13.6 bp −$14	19.8 bp −$198	88.7 bp −$8,874	doesn't fit
Sell Variational Omni RFQ quote, just now	8.00 bp	doesn't fit	12.0 bp −$120	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	0.2501	+0.112%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2503	+0.200%	$159K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2499	+0.050%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0025%	1h	0.2500	+0.070%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.081%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2502	+0.160%	$402K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2502	+0.152%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2500	+0.063%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2502	+0.168%	$161K	$170K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2501	+0.131%	$106.6M	$382.7M	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	0.2498	0.000%	$74.8M	$112.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2500	+0.080%	$33.5M	$110.9M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2498	long leg	$102.1M	$60.8M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2501	+0.120%	$61.3M	$61.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2499	+0.056%	$30.0M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2499	+0.040%	$68.0M	$51.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2499	+0.040%	—	$20.2M	—	as long as short
Variational Omni ADAshort	+0.0100%	8h	0.2508	+0.403%	$4.4M	$1.1M	—
edgeX ADAUSDC	+0.0100%	4h	0.2508	+0.392%	$67K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2503	+0.186%	$293K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2507	+0.360%	$231K	$753K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2500	+0.096%	$95K	$616K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2500	+0.080%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2500	+0.092%	$41K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2502	+0.158%	$9K	$738K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2500	+0.084%	$344	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2500	+0.094%	$1.4M	$6.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2499	+0.040%	$48.7M	$6.7M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2499	+0.051%	$542K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0113%	8h	0.2501	+0.139%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0161%	1h	0.2508	+0.392%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2507	+0.360%	$4.6M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2499	+0.040%	$1K	—	15x	as long as short
Backpack ADA_USDC_PERP	+0.0328%	1h	0.2500	+0.076%	$139K	$461K	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0430%	1h	0.2501	+0.112%	$620K	$523K	50x	as long as short
Hyperliquid ADA	+0.0480%	1h	0.2501	+0.128%	$44.8M	$16.0M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0616% / S −0.0569%	1h	0.2499	+0.034%	$139K	—	100x	as long as short