Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX+0.365%60s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.439% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.365%, 7d avg +0.007%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.359% dearer against OKX than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 60 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	OKX ADA-USDT-SWAP	0.2463	0.0100	pay 0.0100% / 8h	3h 08m	$32.9M	$111.3M	50x
Short	ApeX Omni ADAUSDT	0.2472	0.0100	get 0.0013% / 1h	8m 33s	$228K	$756K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.365%Rate

Funding earned: $0
Price spread: +0.365% → +0.007%: $35.89
Slippage, 4 orders: −$23.92
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.04
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; ApeX Omni: live order book, 45 min ago.

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 OKX live order book, 5 min ago	2.02 bp	8.1 bp −$8	12.5 bp −$125	45.7 bp −$4,570	doesn't fit
Sell ApeX Omni live order book, 45 min ago	7.98 bp	13.9 bp −$14	41.7 bp −$417	doesn't fit	doesn't fit

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	0.2462	−0.058%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	−0.081%	$140K	$6.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2459	−0.156%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2458	−0.209%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.325%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0035%	1h	0.2459	−0.162%	$605K	$533K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2462	−0.041%	$396K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2464	+0.049%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2463	+0.009%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	+0.001%	$158K	$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	0.2463	+0.009%	$104.0M	$391.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2462	−0.041%	$73.7M	$116.0M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2463	long leg	$32.9M	$111.3M	50x
Gate ADA_USDT	+0.0100%	8h	0.2462	−0.041%	$99.9M	$62.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2463	0.000%	$59.1M	$62.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2462	−0.053%	$29.7M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2464	+0.041%	$67.1M	$51.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2463	0.000%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2466	+0.124%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2471	+0.342%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2472	+0.365%	$290K	$4.0M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2472	+0.365%	$228K	$756K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	+0.032%	$92K	$630K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.203%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	−0.156%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2468	+0.200%	$8K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	−0.175%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2460	−0.123%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2461	−0.081%	$48.0M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2464	+0.047%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	−0.046%	$534K	$1.8M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0131%	1h	0.2461	−0.081%	$123K	$470K	15x	as long as short
Phoenix ADA	+0.0161%	1h	0.2465	+0.085%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2460	−0.122%	$4.6M	$5.8M	75x	as long as short
Hyperliquid ADA	+0.0266%	1h	0.2466	+0.118%	$43.9M	$16.3M	10x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2464	+0.060%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0623% / S −0.0585%	1h	0.2460	−0.139%	$140K	—	100x	as long as short