Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0184%/8h= +20.2% APRpaid last 24h +0.060%

Price spread now: Reya against HTX−0.088%47s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.088% cheaper against HTX than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 38 hours of funding at the current rate (+$6 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2467	0.0100	pay 0.0100% / 8h	57m 30s	$1.3M	$5.3M	75x
Short	Reya ADARUSDPERP	0.2465	0.0284	get 0.0036% / 1h	57m 30s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.088%Rate

Funding earned: $38.74
Price spread: −0.088% → 0.000%: −$8.84
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $11.9
Costs to cover: 0.180%
Break-even: 4.9 days

Slippage unknown: HTX: live order book, 2 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 2 min ago	0.02 bp	10.8 bp −$11	22.2 bp −$222	47.4 bp −$4,744	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2463	−0.136%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2466	−0.030%	$155K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.128%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2465	−0.070%	$414K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2465	−0.090%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2466	−0.046%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2464	−0.101%	$1.2M	$925K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	−0.137%	$158K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2464	−0.093%	$102.4M	$360.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2463	−0.151%	$71.7M	$102.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	−0.070%	$32.1M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2461	−0.232%	$97.3M	$59.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2464	−0.111%	$52.4M	$50.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	−0.107%	$30.2M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2464	−0.111%	$66.1M	$43.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2464	−0.111%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	−0.054%	$109K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2459	−0.307%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	−0.189%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	−0.293%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2461	−0.232%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2465	−0.078%	$96K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	−0.111%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	−0.060%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2467	+0.011%	$9K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	−0.090%	$339	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2467	long leg	$1.3M	$5.3M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2464	−0.111%	$48.1M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2463	−0.155%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	−0.151%	$557K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2464	−0.091%	$6.2M	$11.6M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2465	−0.086%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	−0.232%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.173%	$849	$202K	12x	as long as short
Reya ADARUSDPERPshort	+0.0284%	1h	0.2465	−0.088%	$1K	—	15x
Deribit ADA_USDC-PERPETUAL	+0.0318%	1h	0.2466	−0.030%	$481K	$395K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2464	−0.111%	$122K	—	100x	as long as short