Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against OKX−0.214%61s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$350.348% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days+0.295%+$30 · spread now −0.214%, 7d avg −0.002%

Together, before fees+0.358%+ Points / potential airdropGRVT: Active · farm board+$36 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: GRVT is 0.212% cheaper against OKX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 61 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	0.2456	0.0100	pay 0.0100% / 8h	6h 30m	$32.6M	$107.9M	50x
Short	GRVT ADA_USDT_Perp	0.2451	0.0100	get 0.0100% / 8h	6h 30m	$289K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.214%Rate

Funding earned: $0
Price spread: −0.214% → −0.002%: −$21.21
Slippage, 4 orders: −$15.78
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$55.98
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; GRVT: live order book, 3 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, 3 min ago	2.04 bp	7.0 bp −$7	13.7 bp −$137	46.7 bp −$4,672	doesn't fit
Sell GRVT live order book, 3 min ago	4.08 bp	8.6 bp −$9	15.5 bp −$155	doesn't fit	doesn't fit

ADA on 36 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	0.2453	−0.134%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	−0.230%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.611%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2451	−0.204%	$399K	$7.4M	50x	as long as short
Gate ADA_USDT	+0.0097%	8h	0.2454	−0.081%	$97.8M	$59.7M	75x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2453	−0.122%	$42.8M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2452	−0.163%	$1.2M	$969K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2453	−0.114%	$159K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	0.000%	$102.6M	$373.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2455	−0.041%	$72.2M	$108.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2456	long leg	$32.6M	$107.9M	50x
MEXC ADA_USDT	+0.0100%	8h	0.2453	−0.122%	$49.4M	$51.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	−0.183%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	0.000%	$65.6M	$46.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2455	−0.041%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	−0.212%	$125K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.158%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	−0.107%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perpshort	+0.0100%	8h	0.2451	−0.214%	$289K	$3.8M	10x
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	−0.081%	$56K	$589K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2456	+0.008%	$92K	$665K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	−0.204%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	−0.173%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	−0.043%	$9K	$770K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	−0.224%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	−0.200%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	−0.244%	$47.7M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	−0.006%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2453	−0.142%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0113%	8h	0.2452	−0.163%	$148K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	+0.049%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0168%	1h	0.2454	−0.094%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2456	−0.020%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0355%	1h	0.2449	−0.267%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2451	−0.212%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.3913%	1h	0.2460	+0.183%	$503K	$471K	50x	as long as short