Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h 0.000%

Price spread now: Paradex against Injective−1.128%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Paradex is 1.128% cheaper against Injective than usual: you would sell low and buy high (spread −1.128% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$113 on $10k: about 56 days 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	38m 02s	$849	$202K	12x
Short	Paradex ADA-USD-PERP	0.2443	0.0101	get 0.0101% / 8h	2h 38m	$20K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −1.128%Rate

Funding earned: $14.2
Price spread: −1.128% → 0.000%: −$112.82
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$102.64
Costs to cover: 0.040%
Break-even: 57.6 days

Slippage unknown: Injective: no order-book sample; Paradex: 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 Injective no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Injective and Paradex: 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	0.2443	−1.148%	$201K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2444	−1.093%	$157K	$7.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	−1.156%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2444	−1.087%	$6.2M	$13.3M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2459	−0.494%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERPlong	+0.0033%	1h	0.2471	long leg	$849	$202K	12x
Lighter ADA	+0.0096%	1h	0.2447	−0.987%	$2.4M	$989K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2443	−1.145%	$42.2M	$17.0M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2443	−1.148%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	−1.127%	$156K	$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	0.2443	−1.133%	$103.1M	$396.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2442	−1.174%	$71.3M	$119.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2442	−1.174%	$32.6M	$112.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2441	−1.214%	$98.8M	$63.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2441	−1.214%	$58.2M	$63.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2443	−1.137%	$29.3M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2442	−1.174%	$66.3M	$52.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2442	−1.174%	—	$19.9M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2443	−1.125%	$116K	$469K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.603%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2465	−0.258%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	−0.487%	$293K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	−0.567%	$228K	$761K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2445	−1.044%	$107K	$780K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2443	−1.133%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2444	−1.104%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2445	−1.052%	$8K	$750K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2444	−1.093%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2445	−1.068%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2443	−1.133%	$47.6M	$7.0M	50x	as long as short
Paradex ADA-USD-PERPshort	+0.0101%	8h	0.2443	−1.128%	$20K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2443	−1.139%	$531K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2441	−1.214%	$382K	$8.2M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2441	−1.214%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2445	−1.050%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0405%	1h	0.2444	−1.076%	$601K	$550K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0620% / S −0.0585%	1h	0.2443	−1.147%	$138K	—	100x	as long as short