Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%
Price spread now: edgeX against GRVT−0.037%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$420.417% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.037%, 7d avg −0.010%
Together, before fees+0.093%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$9 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: edgeX is 0.027% cheaper against GRVT than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ADA_USDT_Perp0.24510.0100pay 0.0100% / 8h7h 41m$296K$3.7M10x
ShortedgeX ADAUSDC0.24500.0100get 0.0050% / 4h3h 41m$65K$281K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$0
Price spread: −0.037% → −0.010%
−$2.65
Slippage, 4 orders
−$23.71
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$44.36
Costs to cover
0.417%
Break-even
never at this rate
Slippage from GRVT: live order book, 3 min ago; edgeX: live order book, 32 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 3 min ago2.04 bp9.6 bp −$1020.9 bp −$2092453.2 bp −$245.3Kdoesn't fit
Sell edgeX live order book, 32 min ago6.14 bp10.8 bp −$1129.9 bp −$299doesn't fitdoesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2449−0.066%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2451−0.001%$195K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2448−0.114%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.815%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0040%1h0.2447−0.164%$412K$7.2M50xas long as short
Kraken Futures PF_ADAUSD+0.0048%1h0.2449−0.094%$6.2M$11.7M50xas long as short
Lighter ADA+0.0096%1h0.2450−0.050%$2.4M$1.1M10xas long as short
Phoenix ADA+0.0098%1h0.2450−0.034%$4K$84K10xas long as short
Hyperliquid ADA+0.0100%1h0.2450−0.034%$42.6M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2450−0.044%$1.2M$944K75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ADA+0.0100%1h0.2450−0.021%$157K$145K10xas long as short
Binance ADAUSDT+0.0100%8h0.2450−0.062%$101.3M$364.1M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2450−0.042%$71.6M$103.4M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2451−0.001%$32.3M$106.6M50xas long as short
Gate ADA_USDT+0.0100%8h0.2448−0.123%$97.7M$58.3M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2447−0.164%$52.6M$51.0M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2449−0.103%$30.0M$17.9M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2449−0.083%$65.8M$43.8M75xas long as short
BingX ADA-USDT+0.0100%8h0.2449−0.083%$20.4Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2449−0.091%$108K$411K15xas long as short
Variational Omni ADA+0.0100%8h0.2451+0.004%$4.2M$944Kas long as short
edgeX ADAUSDCshort+0.0100%4h0.2450−0.037%$65K$281K20x
GRVT ADA_USDT_Perplong+0.0100%8h0.2451long leg$296K$3.7M10x
ApeX Omni ADAUSDT+0.0100%1h0.2446−0.205%$55K$583K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2449−0.074%$93K$644K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2448−0.123%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2449−0.100%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2454+0.121%$9K$765K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2449−0.099%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2449−0.096%$1.3M$5.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2448−0.123%$47.8M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2450−0.053%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2448−0.124%$552K$1.8M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0118%1h0.2449−0.074%$494K$430K50xas long as short
BloFin ADA-USDT+0.0220%8h0.2452+0.040%$4.4M$5.5M75xas long as short
Reya ADARUSDPERP+0.0283%1h0.2450−0.040%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0623% / S −0.0393%1h0.2448−0.138%$141K100xas long as short