Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.009%

Price spread now: gTrade (Gains Network) against GRVT+0.051%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on gTrade (Gains Network)

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 airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.051% dearer against GRVT than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ADA_USDT_Perp	0.2453	0.0100	pay 0.0100% / 8h	1h 10m	$294K	$3.8M	10x
Short	gTrade (Gains Network) ADA/USD	0.2454	L +0.0005% / S −0.0003%	get 0.0000% / 1h	10m 59s	$84K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.051%Rate

Funding earned: −$20.34
Price spread: +0.051% → 0.000%: $5.1
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$34.24
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 min ago; gTrade (Gains Network): 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 GRVT live order book, 3 min ago	2.04 bp	13.3 bp −$13	22.0 bp −$220	2642.2 bp −$264.2K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	0.2454	+0.047%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	+0.080%	$154K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2454	+0.051%	$84K	—	150x
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2456	+0.120%	$412K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2454	+0.033%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2456	+0.108%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2454	+0.055%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	+0.042%	$1.2M	$922K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2456	+0.115%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2454	+0.038%	$101.9M	$360.4M	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	0.2454	+0.039%	$71.4M	$102.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	+0.039%	$31.8M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2452	−0.043%	$96.9M	$59.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	+0.039%	$52.8M	$51.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	+0.039%	$30.1M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	+0.039%	$65.8M	$43.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2455	+0.080%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2454	+0.039%	$102K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2458	+0.210%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2455	+0.065%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perplong	+0.0100%	8h	0.2453	long leg	$294K	$3.8M	10x
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.039%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.043%	$96K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	+0.039%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	+0.062%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	+0.082%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	+0.043%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	+0.072%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	−0.002%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2456	+0.124%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	+0.039%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2455	+0.088%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2455	+0.080%	$4.4M	$5.4M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0239%	1h	0.2455	+0.080%	$479K	$351K	50x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2454	+0.021%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.732%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2453	+0.008%	$122K	—	100x	as long as short