Funding arb · Price arb /

ADA

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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 0.000%

Price spread now: Bitget against HTX+0.033%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 3 days (all we have)−0.205%−$21 · spread now +0.033%, 7d avg −0.025%

Together, before fees−0.262%−$26 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 0.059% dearer against HTX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2452	0.0100	pay 0.0100% / 8h	1h 50m	$1.3M	$5.1M	75x
Short	Bitget ADAUSDT	0.2453	0.0100	get 0.0100% / 8h	1h 50m	$65.7M	$42.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.025%: $5.86
Slippage, 4 orders: −$16.04
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.18
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Bitget: live order book, 4 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 HTX live order book, 4 min ago	0.02 bp	10.2 bp −$10	24.0 bp −$240	102.7 bp −$10.3K	doesn't fit
Sell Bitget live order book, 4 min ago	4.07 bp	10.1 bp −$10	14.2 bp −$142	24.8 bp −$2,481	92.6 bp −$46.3K

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	+0.078%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	+0.115%	$165K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2452	−0.024%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2454	+0.074%	$407K	$7.2M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0076%	1h	0.2453	+0.025%	$476K	$350K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2452	−0.002%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2455	+0.095%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2453	+0.050%	$42.5M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	+0.023%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.107%	$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	0.2453	+0.030%	$101.5M	$355.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2452	−0.007%	$70.8M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	+0.074%	$31.8M	$105.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2452	−0.007%	$96.5M	$57.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	−0.007%	$52.8M	$50.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2453	+0.038%	$30.3M	$18.3M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2453	+0.033%	$65.7M	$42.9M	75x
BingX ADA-USDT	+0.0100%	8h	0.2453	+0.033%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2453	+0.046%	$101K	$413K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	−0.036%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2457	+0.192%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2464	+0.482%	$298K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2456	+0.156%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.054%	$96K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2452	−0.007%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	+0.007%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	+0.113%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	+0.013%	$337	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2452	long leg	$1.3M	$5.1M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2452	−0.007%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2456	+0.137%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	+0.039%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2456	+0.160%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2451	−0.048%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2453	+0.043%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.293%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2452	−0.018%	$122K	—	100x	as long as short