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% APRpaid last 24h 0.000%

Price spread now: edgeX against HTX−0.167%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now −0.167%, 7d avg −0.028%

Together, before fees−0.103%+ Points / potential airdropedgeX: Active · farm board−$10 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 0.139% cheaper against HTX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2460	0.0100	pay 0.0100% / 8h	1h 17m	$1.3M	$5.2M	75x
Short	edgeX ADAUSDC	0.2456	0.0100	get 0.0050% / 4h	1h 17m	$65K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.167%Rate

Funding earned: $0
Price spread: −0.167% → −0.028%: −$13.88
Slippage, 4 orders: −$21.63
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$56.51
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; edgeX: live order book, just now.

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, 2 min ago	3.78 bp	10.2 bp −$10	22.3 bp −$223	50.2 bp −$5,016	doesn't fit
Sell edgeX live order book, just now	6.10 bp	10.6 bp −$11	28.6 bp −$286	doesn't fit	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	0.2458	−0.065%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2459	−0.032%	$154K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2459	−0.050%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2459	−0.032%	$410K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2459	−0.030%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2461	+0.049%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2460	−0.012%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2460	−0.006%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2459	−0.031%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2459	−0.029%	$102.1M	$360.1M	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	0.2455	−0.195%	$71.4M	$102.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	−0.154%	$31.9M	$105.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2458	−0.073%	$97.1M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2458	−0.073%	$53.5M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2459	−0.032%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	−0.154%	$65.8M	$43.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2459	−0.032%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	−0.012%	$101K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.268%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2456	−0.167%	$65K	$280K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	−0.173%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.195%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2459	−0.028%	$96K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	−0.154%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2457	−0.119%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	+0.011%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	−0.016%	$338	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2460	long leg	$1.3M	$5.2M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2458	−0.073%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2460	−0.009%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	−0.194%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2459	−0.052%	$4K	$74K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0197%	1h	0.2460	+0.021%	$480K	$351K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2454	−0.235%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2459	−0.029%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.456%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2458	−0.074%	$122K	—	100x	as long as short