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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.04 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against GRVT−0.050%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · Paradex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.050% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ADA_USDT_Perp0.24480.0100pay 0.0100% / 8h1h 59m$288K$4.0M10x
ShortParadex ADA-USD-PERP0.24470.0104get 0.0104% / 8h1h 59m$21K$25020x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$0.86
Price spread: −0.050% → 0.000%
−$4.96
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$17.11
Costs to cover
0.130%
Break-even
147.0 days
Slippage unknown: GRVT: live order book, 5 min ago; Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 5 min ago2.04 bp14.0 bp −$1430.6 bp −$306doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXADAPERP0.0000%8h0.2446−0.083%$187K$7.6M3.2xas long as short
dYdX ADA-USD+0.0001%1h0.2444−0.185%$201K$2K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2443−0.196%$84K150xas long as short
Kraken Futures PF_ADAUSD+0.0020%1h0.2445−0.114%$6.3M$13.8M50xas long as short
Phoenix ADA+0.0032%1h0.2450+0.076%$4K$104K10xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.938%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.2447−0.034%$2.4M$1.0M10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2445−0.124%$6K$6K20xas long as short
Aster ADAUSDT+0.0100%8h0.2446−0.083%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2446−0.079%$157K$178K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2445−0.124%$102.9M$410.4M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2445−0.124%$72.2M$124.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2445−0.124%$32.5M$118.3M50xas long as short
Gate ADA_USDT+0.0100%8h0.2443−0.206%$99.8M$63.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2445−0.124%$52.0M$64.3M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2445−0.136%$29.3M$15.8M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2444−0.165%$66.4M$53.5M75xas long as short
BingX ADA-USDT+0.0100%8h0.2445−0.124%$20.3Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2445−0.136%$137K$485K15xas long as short
Variational Omni ADA+0.0100%8h0.2448+0.001%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2449+0.030%$65K$287K20xas long as short
GRVT ADA_USDT_Perplong+0.0100%8h0.2448long leg$288K$4.0M10x
ApeX Omni ADAUSDT+0.0100%1h0.2450+0.080%$82K$889K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2444−0.169%$126K$1.1M10xas long as short
Derive ADA-PERP+0.0100%1h0.2446−0.103%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2448−0.005%$8K$765K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2445−0.103%$336$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2446−0.075%$1.3M$7.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2446−0.083%$47.5M$7.4M50xas long as short
Extended ADA-USD+0.0104%1h0.2445−0.132%$524K$1.8M50xas long as short
Coinbase International ADA-PERP-INTX+0.0104%1h0.2448−0.001%$379K$8.6M50xas long as short
Paradex ADA-USD-PERPshort+0.0104%8h0.2447−0.050%$21K$25020x
BloFin ADA-USDT+0.0220%8h0.2450+0.080%$4.4M$5.9M75xas long as short
Hyperliquid ADA+0.0259%1h0.2447−0.047%$43.0M$18.2M10xas long as short
Reya ADARUSDPERP+0.0275%1h0.2444−0.165%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0568%1h0.2447−0.050%$623K$613K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0630% / S −0.0728%1h0.2444−0.169%$164K100xas long as short