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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Pacifica−0.011%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$340.337% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$4 on $10k
Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.011%, 7d avg −0.021%
Together, before fees−0.081%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ADA0.24610.0100pay 0.0013% / 1h2m 32s$157K$146K10x
ShortBitget ADAUSDT0.24610.0100get 0.0100% / 8h1h 02m$66.0M$43.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Pacifica. 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: −0.011% → −0.021%
$1.06
Slippage, 4 orders
−$13.7
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$32.64
Costs to cover
0.337%
Break-even
never at this rate
Slippage from Pacifica: live order book, 15 min ago; Bitget: live order book, 1 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 Pacifica live order book, 15 min ago2.03 bp9.5 bp −$9doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago2.03 bp8.0 bp −$813.3 bp −$13330.2 bp −$3,023106.7 bp −$53.4K

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%1h0.2460−0.044%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2462+0.030%$154K$6.0M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2460−0.069%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0064%1h0.2460−0.051%$414K$7.4M50xas long as short
Kraken Futures PF_ADAUSD+0.0095%1h0.2460−0.042%$6.2M$11.6M50xas long as short
Lighter ADA+0.0096%1h0.2463+0.067%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2462+0.010%$42.6M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2460−0.044%$1.2M$924K75xas long as short
Pacifica ADAlong+0.0100%1h0.2461long leg$157K$146K10x
Binance ADAUSDT+0.0100%8h0.2462+0.024%$102.3M$360.6M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2460−0.051%$71.6M$102.2M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2461−0.011%$31.9M$106.1M50xas long as short
Gate ADA_USDT+0.0100%8h0.2460−0.051%$97.2M$59.4M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2460−0.051%$53.0M$51.3M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2461−0.015%$30.2M$18.1M75xas long as short
Bitget ADAUSDTshort+0.0100%8h0.2461−0.011%$66.0M$43.3M75x
BingX ADA-USDT+0.0100%8h0.2461−0.011%$18.0Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2461−0.007%$109K$418K15xas long as short
Variational Omni ADA+0.0100%8h0.2457−0.166%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2458−0.114%$66K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2458−0.136%$288K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2453−0.336%$55K$581K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2459−0.088%$96K$626K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2460−0.051%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2461−0.003%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2461−0.010%$9K$760K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2460−0.039%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2462+0.016%$1.3M$5.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2460−0.051%$47.9M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2461+0.001%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2461−0.030%$554K$1.8M50xas long as short
Phoenix ADA+0.0131%1h0.2458−0.120%$4K$74K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2464+0.111%$4.4M$5.5M75xas long as short
Reya ADARUSDPERP+0.0285%1h0.2460−0.068%$1K15xas long as short
Injective ADA/USDC PERP+0.0288%1h0.2471+0.396%$849$202K12xas long as short
Deribit ADA_USDC-PERPETUAL+0.0400%1h0.2461+0.002%$480K$396K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0567% / S −0.0313%1h0.2459−0.089%$122K100xas long as short