Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.059%

Price spread now: Reya against OKX+0.040%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Reya is 0.040% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2462	0.0100	pay 0.0100% / 8h	5h 38m	$32.8M	$105.6M	50x
Short	Reya ADARUSDPERP	0.2463	0.0280	get 0.0035% / 1h	38m 13s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.040%Rate

Funding earned: $37.8
Price spread: +0.040% → 0.000%: $3.99
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $25.78
Costs to cover: 0.160%
Break-even: 2.2 days

Slippage unknown: OKX: live order book, 6 min ago; Reya: 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, 6 min ago	2.03 bp	7.8 bp −$8	15.7 bp −$157	50.7 bp −$5,069	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	0.2468	+0.224%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0004%	1h	0.2462	+0.015%	$90K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.366%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2468	+0.244%	$420K	$7.5M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2466	+0.162%	$42.9M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2464	+0.092%	$1.2M	$987K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2469	+0.288%	$158K	$161K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2462	+0.016%	$103.4M	$369.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2462	0.000%	$72.4M	$108.5M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2462	long leg	$32.8M	$105.6M	50x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2462	0.000%	$98.7M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2461	−0.041%	$52.1M	$56.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2463	+0.053%	$29.7M	$16.5M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	−0.041%	$65.9M	$48.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2462	0.000%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2462	−0.020%	$127K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2468	+0.244%	$4.3M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2465	+0.126%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2464	+0.072%	$299K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.041%	$227K	$730K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	+0.085%	$95K	$675K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	+0.081%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	+0.104%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	+0.122%	$9K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	+0.077%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2464	+0.068%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2463	+0.041%	$47.9M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	+0.054%	$534K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2465	+0.122%	$162K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2470	+0.314%	$21K	$250	20x	as long as short
Lighter ADA	+0.0152%	1h	0.2465	+0.126%	$2.5M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2469	+0.272%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2471	+0.366%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2462	+0.006%	$6.3M	$12.4M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0278%	1h	0.2464	+0.097%	$561K	$450K	50x	as long as short
Reya ADARUSDPERPshort	+0.0280%	1h	0.2463	+0.040%	$1K	—	15x
GMX ADA/USD [WBTC.b-USDC]	L +0.0417% / S −0.0202%	1h	0.2463	+0.034%	$95K	—	100x	as long as short