Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against OKX−0.057%7-day average — · you buy dearer than you sell

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

Long on OKX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.057% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2465	0.0100	pay 0.0100% / 8h	1h 35m	$31.9M	$105.7M	50x
Short	gTrade (Gains Network) ADA/USD	0.2464	L +0.0005% / S −0.0003%	get 0.0000% / 1h	35m 19s	$85K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.057%Rate

Funding earned: −$20.34
Price spread: −0.057% → 0.000%: −$5.68
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$46.02
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; gTrade (Gains Network): 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 OKX live order book, 4 min ago	2.02 bp	7.2 bp −$7	11.8 bp −$118	38.3 bp −$3,832	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	0.2460	−0.216%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2462	−0.122%	$159K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2464	−0.057%	$85K	—	150x
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2467	+0.081%	$418K	$7.3M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0075%	1h	0.2462	−0.130%	$478K	$351K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2460	−0.206%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	−0.069%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2465	+0.008%	$42.7M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2464	−0.041%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	−0.119%	$157K	$146K	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	0.2465	0.000%	$102.3M	$357.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	−0.041%	$71.7M	$100.3M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2465	long leg	$31.9M	$105.7M	50x
Gate ADA_USDT	+0.0100%	8h	0.2463	−0.081%	$97.3M	$58.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2465	0.000%	$53.8M	$50.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	−0.016%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2464	−0.041%	$65.9M	$43.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2465	0.000%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	−0.195%	$103K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2463	−0.072%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2468	+0.141%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2467	+0.082%	$298K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2474	+0.365%	$56K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	−0.041%	$97K	$623K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	−0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2464	−0.021%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	−0.081%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	−0.183%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2461	−0.167%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2460	−0.203%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2462	−0.102%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	−0.067%	$558K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2464	−0.041%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2466	+0.041%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2465	+0.005%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.243%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2463	−0.065%	$122K	—	100x	as long as short