Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Pacifica+0.273%52s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as 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−$470.468% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.273%, 7d avg −0.010%

Together, before fees−0.172%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board−$17 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: edgeX is 0.283% dearer against Pacifica than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 52 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	Pacifica ADA	0.2500	0.0100	pay 0.0013% / 1h	32m 38s	$161K	$170K	10x
Short	edgeX ADAUSDC	0.2507	0.0100	get 0.0050% / 4h	3h 32m	$67K	$285K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee PacificabpFee edgeXbpOrdersPrice spread, now +0.273%Rate

Funding earned: $0
Price spread: +0.273% → −0.010%: $28.27
Slippage, 4 orders: −$29.75
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$18.48
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from Pacifica: live order book, 20 min ago; edgeX: live order book, 20 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 Pacifica live order book, 20 min ago	4.36 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 20 min ago	7.95 bp	12.4 bp −$12	26.8 bp −$268	doesn't fit	doesn't fit

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	0.2498	−0.094%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2500	−0.017%	$147K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2500	−0.004%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0025%	1h	0.2501	+0.031%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.177%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2500	−0.017%	$394K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2502	+0.059%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2500	−0.010%	$1.2M	$1.0M	75x	as long as short
Pacifica ADAlong	+0.0100%	1h	0.2500	long leg	$161K	$170K	10x
Binance ADAUSDT	+0.0100%	8h	0.2501	+0.023%	$106.6M	$382.9M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2499	−0.057%	$74.9M	$112.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2500	−0.017%	$33.5M	$110.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2500	−0.017%	$102.2M	$60.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2502	+0.063%	$61.3M	$61.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2500	−0.033%	$30.1M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2501	+0.023%	$68.0M	$51.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2502	+0.063%	—	$20.2M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2508	+0.306%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2507	+0.273%	$67K	$285K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2507	+0.263%	$303K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2507	+0.263%	$231K	$753K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2500	−0.005%	$95K	$616K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2501	+0.023%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2502	+0.062%	$41K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2502	+0.062%	$9K	$738K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2501	+0.027%	$344	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2501	+0.040%	$1.4M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2500	−0.017%	$48.7M	$6.9M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2500	−0.005%	$542K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0113%	8h	0.2502	+0.068%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0161%	1h	0.2508	+0.295%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2501	+0.023%	$4.6M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2500	+0.002%	$1K	—	15x	as long as short
Backpack ADA_USDC_PERP	+0.0317%	1h	0.2501	+0.031%	$139K	$463K	15x	as long as short
Hyperliquid ADA	+0.0477%	1h	0.2502	+0.067%	$44.8M	$16.0M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0550%	1h	0.2503	+0.087%	$621K	$523K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0616% / S −0.0569%	1h	0.2500	−0.019%	$139K	—	100x	as long as short