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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.9% APRpaid last 24h +0.005%
Price spread now: edgeX against Injective−0.735%7-day average +0.320% · 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 7 days+0.108%+$11 on $10k
Price spread, last 3 days (all we have)+1.623%+$162 · spread now −0.735%, 7d avg +0.320%
Together, before fees+1.731%+ Points / potential airdropedgeX: Active · farm board+$173 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and edgeX is 1.055% cheaper against Injective than usual: you would sell low and buy high (−$106 if the spread goes back to its 7-day average of +0.320%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.108%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ADA/USDC PERP0.24710.0254pay 0.0032% / 1h31m 00s$849$202K12x
ShortedgeX ADAUSDC0.24530.0100get 0.0050% / 4h31m 00s$65K$282K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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
−$32.35
Price spread: −0.735% → +0.320%
−$105.51
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$146.88
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; edgeX: live order book, 47 min ago. 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 Injective no order-book sample
Sell edgeX live order book, 47 min ago6.10 bp10.6 bp −$1128.6 bp −$286doesn't fitdoesn't fit
Injective: 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
dYdX ADA-USD0.0000%1h0.2449−0.886%$201K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2450−0.850%$175K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2450−0.866%$84K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2450−0.850%$404K$7.3M50xas long as short
Lighter ADA+0.0096%1h0.2450−0.862%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2449−0.882%$42.4M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2448−0.947%$1.2M$927K75xas long as short
Pacifica ADA+0.0100%1h0.2449−0.879%$157K$145K10xas long as short
Binance ADAUSDT+0.0100%8h0.2447−0.960%$101.7M$362.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2446−1.012%$71.0M$102.9M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2447−0.971%$32.3M$106.7M50xas long as short
Gate ADA_USDT+0.0100%8h0.2447−0.971%$97.2M$59.6M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2447−0.971%$52.9M$50.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2449−0.902%$30.1M$18.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2447−0.971%$65.7M$43.3M75xas long as short
BingX ADA-USDT+0.0100%8h0.2447−0.971%$18.1Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2450−0.870%$110K$415K15xas long as short
Variational Omni ADA+0.0100%8h0.2449−0.881%$4.2M$1.0Mas long as short
edgeX ADAUSDCshort+0.0100%4h0.2453−0.735%$65K$282K20x
GRVT ADA_USDT_Perp+0.0100%8h0.2454−0.691%$292K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2454−0.688%$56K$582K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2449−0.882%$90K$631K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2450−0.850%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2450−0.861%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2450−0.851%$9K$763K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2450−0.870%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2449−0.883%$1.3M$5.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2449−0.890%$47.8M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2449−0.874%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2447−0.968%$554K$1.8M50xas long as short
Kraken Futures PF_ADAUSD+0.0113%1h0.2449−0.872%$6.2M$11.6M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0117%1h0.2450−0.854%$492K$430K50xas long as short
Phoenix ADA+0.0130%1h0.2452−0.753%$4K$78K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2448−0.931%$4.4M$5.5M75xas long as short
Injective ADA/USDC PERPlong+0.0254%1h0.2471long leg$849$202K12x
Reya ADARUSDPERP+0.0284%1h0.2449−0.886%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0564% / S −0.0313%1h0.2449−0.875%$122K100xas long as short