Funding arb · Price arb /

ADA

all ADA markets

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 0.000%

Price spread now: Bitget against GRVT−0.087%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days+0.087%+$9 · spread now −0.087%, 7d avg −0.008%

Together, before fees+0.045%+ Points / potential airdropGRVT: Active · farm board+$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: Bitget is 0.080% cheaper against GRVT than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ADA_USDT_Perp	0.2448	0.0100	pay 0.0100% / 8h	2h 00m	$288K	$4.0M	10x
Short	Bitget ADAUSDT	0.2446	0.0100	get 0.0100% / 8h	2h 00m	$66.5M	$53.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.008%: −$7.95
Slippage, 4 orders: −$19.42
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.37
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Bitget: 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 GRVT live order book, 3 min ago	2.04 bp	14.0 bp −$14	30.6 bp −$306	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.04 bp	11.4 bp −$11	14.9 bp −$149	27.5 bp −$2,745	87.4 bp −$43.7K

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
Kalshi KXADAPERP	0.0000%	8h	0.2449	+0.035%	$187K	$7.6M	3.2x	as long as short
dYdX ADA-USD	+0.0001%	1h	0.2447	−0.065%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2447	−0.036%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2449	+0.023%	$6.3M	$13.8M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2450	+0.072%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.934%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2451	+0.109%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2448	−0.005%	$6K	$6K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2449	+0.015%	$43.0M	$18.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2449	+0.040%	$1.2M	$1.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ADA	+0.0100%	1h	0.2448	+0.003%	$157K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2447	−0.041%	$103.0M	$410.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2447	−0.046%	$72.3M	$124.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2447	−0.046%	$32.5M	$118.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2447	−0.046%	$100.0M	$65.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	+0.035%	$52.1M	$65.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2449	+0.027%	$29.4M	$15.8M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2446	−0.087%	$66.5M	$53.6M	75x
BingX ADA-USDT	+0.0100%	8h	0.2448	−0.005%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	+0.044%	$137K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	−0.003%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2448	+0.014%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perplong	+0.0100%	8h	0.2448	long leg	$288K	$4.0M	10x
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	+0.158%	$83K	$889K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2447	−0.038%	$120K	$1.1M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2449	+0.044%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2448	−0.009%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2449	+0.040%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	−0.052%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	+0.035%	$47.5M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2448	−0.015%	$524K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2448	−0.005%	$379K	$8.6M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2448	−0.011%	$21K	$250	20x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2450	+0.076%	$4.4M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2448	+0.015%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0631% / S −0.0728%	1h	0.2448	−0.020%	$164K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0649%	1h	0.2450	+0.072%	$623K	$613K	50x	as long as short