Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against HTX+0.002%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

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

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.002%, 7d avg −0.050%

Together, before fees−0.210%−$21 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 0.052% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.050%.

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	3h 09m	$1.3M	$6.7M	75x
Short	Gate ADA_USDT	0.2460	0.0100	get 0.0100% / 8h	3h 09m	$99.8M	$62.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → −0.050%: $5.2
Slippage, 4 orders: −$19.32
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.13
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	2.19 bp	12.7 bp −$13	25.6 bp −$256	52.7 bp −$5,265	doesn't fit
Sell Gate live order book, 5 min ago	2.03 bp	9.5 bp −$10	14.4 bp −$144	82.3 bp −$8,228	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	0.2468	+0.309%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	+0.042%	$140K	$6.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2459	−0.032%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2458	−0.086%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.449%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0035%	1h	0.2459	−0.039%	$605K	$533K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2462	+0.083%	$396K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2460	+0.014%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	+0.093%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2468	+0.343%	$158K	$170K	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	+0.083%	$103.9M	$391.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2462	+0.083%	$73.8M	$115.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2463	+0.124%	$32.9M	$111.3M	50x	as long as short
Gate ADA_USDTshort	+0.0100%	8h	0.2460	+0.002%	$99.8M	$62.9M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2461	+0.042%	$59.0M	$62.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	+0.018%	$29.6M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	+0.083%	$67.0M	$51.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2461	+0.042%	—	$6.6M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2466	+0.247%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2471	+0.466%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2472	+0.489%	$290K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2472	+0.489%	$228K	$756K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	+0.148%	$92K	$630K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.080%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	−0.033%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2468	+0.324%	$8K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	−0.051%	$338	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2460	long leg	$1.3M	$6.7M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2461	+0.042%	$48.0M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2470	+0.393%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	−0.086%	$534K	$1.8M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0131%	1h	0.2461	+0.042%	$123K	$470K	15x	as long as short
Phoenix ADA	+0.0161%	1h	0.2465	+0.209%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2460	+0.002%	$4.6M	$5.8M	75x	as long as short
Hyperliquid ADA	+0.0271%	1h	0.2464	+0.156%	$43.8M	$16.3M	10x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2461	+0.062%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0623% / S −0.0585%	1h	0.2460	−0.016%	$140K	—	100x	as long as short