Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Gate against GRVT+0.396%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days−0.516%−$52 · spread now +0.396%, 7d avg −0.020%

Together, before fees−0.554%+ Points / potential airdropGRVT: Active · farm board−$55 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: Gate is 0.415% dearer against GRVT than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ADA_USDT_Perp	0.2449	0.0100	pay 0.0100% / 8h	1h 56m	$296K	$3.9M	10x
Short	Gate ADA_USDT	0.2459	0.0100	get 0.0100% / 8h	1h 56m	$96.9M	$57.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.396%Rate

Funding earned: $0
Price spread: +0.396% → −0.020%: $41.54
Slippage, 4 orders: −$22.33
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.79
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	2.04 bp	13.2 bp −$13	25.6 bp −$256	3004.1 bp −$300.4K	doesn't fit
Sell Gate live order book, 2 min ago	2.04 bp	13.3 bp −$13	16.7 bp −$167	94.2 bp −$9,419	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	0.2462	+0.531%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	+0.233%	$162K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2457	+0.299%	$84K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0035%	1h	0.2459	+0.379%	$477K	$353K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2454	+0.192%	$407K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2456	+0.291%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.567%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2463	+0.555%	$42.7M	$14.6M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2460	+0.445%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	+0.526%	$157K	$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	0.2462	+0.508%	$102.0M	$355.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2461	+0.477%	$70.8M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2462	+0.518%	$31.9M	$105.5M	50x	as long as short
Gate ADA_USDTshort	+0.0100%	8h	0.2459	+0.396%	$96.9M	$57.3M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2462	+0.518%	$53.0M	$50.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2462	+0.506%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	+0.518%	$65.9M	$42.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2461	+0.477%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2459	+0.388%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	+0.003%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2450	+0.025%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perplong	+0.0100%	8h	0.2449	long leg	$296K	$3.9M	10x
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	+0.028%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	+0.224%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	+0.355%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	+0.348%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.272%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	+0.302%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2459	+0.409%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2456	+0.273%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2463	+0.543%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2460	+0.442%	$556K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2454	+0.196%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	+0.151%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2457	+0.304%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.176%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2457	+0.321%	$122K	—	100x	as long as short