Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h 0.000%

Price spread now: HTX against Injective−1.065%7-day average +0.353% · you buy dearer than you sell

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)+1.583%+$158 · spread now −1.065%, 7d avg +0.353%

Together, before fees+1.686%+$169 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 1.418% cheaper against Injective than usual: you would sell low and buy high (spread −1.065% now, against its 7-day average of +0.353%). If the spread goes back, that is −$142 on $10k: about 2 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ADA/USDC PERP	0.2471	0.0033	pay 0.0004% / 1h	48m 59s	$849	$202K	12x
Short	HTX ADA-USDT	0.2445	0.0100	get 0.0100% / 8h	4h 48m	$1.3M	$6.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee InjectivebpFee HTXbpOrdersPrice spread, now −1.065%Rate

Funding earned: $14
Price spread: −1.065% → +0.353%: −$141.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$139.86
Costs to cover: 0.120%
Break-even: 76.9 days

Slippage unknown: Injective: no order-book sample; HTX: live order book, 5 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 5 min ago	1.12 bp	10.8 bp −$11	23.4 bp −$234	47.2 bp −$4,718	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2445	−1.033%	$201K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2448	−0.931%	$153K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2443	−1.119%	$84K	—	150x	as long as short
Injective ADA/USDC PERPlong	+0.0033%	1h	0.2471	long leg	$849	$202K	12x
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2445	−1.052%	$429K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0093%	1h	0.2445	−1.064%	$6.2M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2446	−1.008%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2444	−1.080%	$1.2M	$982K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2447	−0.988%	$159K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2444	−1.073%	$103.3M	$372.6M	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	0.2444	−1.093%	$71.3M	$111.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2446	−1.012%	$32.5M	$105.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2443	−1.133%	$97.7M	$58.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2443	−1.133%	$60.9M	$59.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2444	−1.081%	$29.5M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2445	−1.052%	$65.7M	$50.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2444	−1.093%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2444	−1.081%	$124K	$443K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	−0.928%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	−0.505%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2458	−0.542%	$287K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2449	−0.890%	$226K	$741K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2446	−1.028%	$92K	$685K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2444	−1.093%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2444	−1.074%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2446	−1.011%	$9K	$740K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2445	−1.056%	$336	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2445	−1.065%	$1.3M	$6.3M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2445	−1.052%	$47.6M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2445	−1.039%	$530K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2448	−0.920%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0107%	1h	0.2446	−1.015%	$42.5M	$14.9M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2450	−0.850%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2446	−1.012%	$4.5M	$5.7M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2445	−1.072%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0390% / S −0.0214%	1h	0.2444	−1.104%	$92K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0446%	1h	0.2445	−1.048%	$591K	$493K	50x	as long as short