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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against OKX−0.122%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$420.415% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$3 on $10k
Price spread, last 7 days+0.162%+$16 · spread now −0.122%, 7d avg −0.021%
Together, before fees+0.187%+$19 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: Gate is 0.101% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ADA-USDT-SWAP0.24640.0100pay 0.0100% / 8h1h 55m$31.9M$105.6M50x
ShortGate ADA_USDT0.24610.0100get 0.0100% / 8h1h 55m$97.0M$57.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −0.122% → −0.021%
−$10.12
Slippage, 4 orders
−$16.52
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$51.64
Costs to cover
0.415%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Gate: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago2.04 bp7.0 bp −$714.6 bp −$14648.5 bp −$4,851doesn't fit
Sell Gate live order book, 3 min ago2.04 bp13.3 bp −$1316.7 bp −$16794.2 bp −$9,419doesn't fit

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%1h0.2461−0.131%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2458−0.244%$162K$5.8M3.2xas long as short
Deribit ADA_USDC-PERPETUAL0.0000%1h0.2462−0.077%$478K$352K50xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2461−0.137%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0064%1h0.2454−0.406%$407K$7.2M50xas long as short
Kraken Futures PF_ADAUSD+0.0095%1h0.2461−0.106%$6.2M$11.4M50xas long as short
Lighter ADA+0.0096%1h0.24640.000%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2463−0.045%$42.7M$14.6M10xas long as short
Aster ADAUSDT+0.0100%8h0.2462−0.100%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2463−0.050%$158K$147K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2463−0.042%$102.1M$355.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2463−0.041%$70.9M$99.6M75xas long as short
OKX ADA-USDT-SWAPlong+0.0100%8h0.2464long leg$31.9M$105.6M50x
Gate ADA_USDTshort+0.0100%8h0.2461−0.122%$97.0M$57.3M75x
MEXC ADA_USDT+0.0100%8h0.2462−0.081%$53.0M$50.0M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2462−0.073%$30.4M$18.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2463−0.041%$65.9M$42.8M75xas long as short
BingX ADA-USDC+0.0100%8h0.2463−0.041%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2463−0.045%$101K$415K15xas long as short
Variational Omni ADA+0.0100%8h0.2449−0.593%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2450−0.571%$65K$278K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2449−0.596%$296K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2450−0.568%$55K$579K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2461−0.110%$96K$624K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2461−0.122%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2462−0.078%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2461−0.123%$9K$755K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2462−0.101%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2462−0.086%$1.3M$5.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2461−0.122%$48.0M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2463−0.039%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2463−0.056%$559K$1.8M50xas long as short
Phoenix ADA+0.0195%1h0.2454−0.402%$4K$74K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2453−0.446%$4.4M$5.4M75xas long as short
Reya ADARUSDPERP+0.0286%1h0.2461−0.112%$1K15xas long as short
Injective ADA/USDC PERP+0.0288%1h0.2445−0.771%$840$168K12xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0566% / S −0.0313%1h0.2461−0.135%$122K100xas long as short