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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h 0.000%
Price spread now: Extended against Injective−0.348%7-day average +0.246% · 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−0.003%$0 on $10k
Price spread, last 4 days (all we have)+1.380%+$138 · spread now −0.348%, 7d avg +0.246%
Together, before fees+1.377%+ Points / potential airdropExtended: Active · farm board+$138 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.595% cheaper against Injective than usual: you would sell low and buy high (spread −0.348% now, against its 7-day average of +0.246%). If the spread goes back, that is −$59 on $10k: about 28 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ADA/USDC PERP0.24710.0033pay 0.0004% / 1h42m 45s$849$202K12x
ShortExtended ADA-USD0.24620.0104get 0.0013% / 1h42m 45s$534K$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$14.84
Price spread: −0.348% → +0.246%
−$59.47
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$49.65
Costs to cover
0.050%
Break-even
30.4 days
Slippage unknown: Injective: no order-book sample; Extended: live order book, 1 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 Extended live order book, 1 min ago2.03 bp4.5 bp −$59.8 bp −$98doesn'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%1h0.2462−0.358%$203K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2468−0.121%$151K$7.0M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2462−0.344%$84K150xas long as short
Kraken Futures PF_ADAUSD+0.0019%1h0.2461−0.386%$6.3M$13.3M50xas long as short
Phoenix ADA+0.0032%1h0.2470−0.045%$4K$105K10xas long as short
Injective ADA/USDC PERPlong+0.0033%1h0.2471long leg$849$202K12x
Lighter ADA+0.0096%1h0.2464−0.267%$2.4M$987K10xas long as short
Hyperliquid ADA+0.0100%1h0.2466−0.194%$43.9M$16.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2462−0.344%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2463−0.325%$158K$170K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2463−0.326%$103.9M$393.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2462−0.364%$73.1M$117.4M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2463−0.324%$32.9M$112.4M50xas long as short
Gate ADA_USDT+0.0100%8h0.2462−0.364%$99.7M$62.6M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2461−0.405%$59.1M$63.0M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2464−0.295%$29.6M$15.4M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2465−0.243%$67.1M$51.8M75xas long as short
BingX ADA-USDT+0.0100%8h0.2464−0.283%$19.9Mas long as short
Variational Omni ADA+0.0100%8h0.2467−0.159%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2470−0.042%$66K$286K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.24710.000%$289K$4.0M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2470−0.040%$229K$760K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2463−0.316%$94K$635K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2461−0.405%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2462−0.345%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2463−0.323%$8K$748K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2462−0.364%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2466−0.206%$1.3M$6.7M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2461−0.405%$48.0M$7.0M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2463−0.316%$21K$25020xas long as short
Extended ADA-USDshort+0.0104%1h0.2462−0.348%$534K$1.8M50x
Coinbase International ADA-PERP-INTX+0.0104%1h0.2467−0.162%$395K$8.3M50xas long as short
Backpack ADA_USDC_PERP+0.0113%1h0.2462−0.384%$124K$457K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0116%1h0.2463−0.340%$605K$542K50xas long as short
BloFin ADA-USDT+0.0220%8h0.2463−0.324%$4.5M$5.8M75xas long as short
Reya ADARUSDPERP+0.0276%1h0.2463−0.323%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0623% / S −0.0585%1h0.2461−0.397%$140K100xas long as short