Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Paradex−0.186%50s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.186% cheaper against Paradex than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	Paradex ADA-USD-PERP	0.2481	0.0104	pay 0.0104% / 8h	7h 18m	$21K	—	20x
Short	ApeX Omni ADAUSDT	0.2476	0.0100	get 0.0013% / 1h	18m 40s	$74K	$895K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.186%Rate

Funding earned: −$0.74
Price spread: −0.186% → 0.000%: −$18.57
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$33.31
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 15 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 15 min ago	8.18 bp	13.2 bp −$13	38.6 bp −$386	doesn't fit	doesn't fit

Paradex: 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
Kalshi KXADAPERP	0.0000%	8h	0.2475	−0.226%	$179K	$7.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2476	−0.166%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.387%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2481	+0.008%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2481	+0.028%	$43.6M	$18.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2480	−0.024%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2480	−0.030%	$159K	$182K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2480	−0.007%	$105.1M	$399.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2480	−0.024%	$73.7M	$124.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2480	−0.024%	$33.0M	$117.3M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2478	−0.105%	$101.2M	$62.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2480	−0.024%	$57.6M	$68.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2479	−0.077%	$29.9M	$15.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2480	−0.024%	$67.6M	$53.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2479	−0.065%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2478	−0.121%	$142K	$473K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2479	−0.059%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2476	−0.170%	$66K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2464	−0.681%	$293K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2476	−0.186%	$74K	$895K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2478	−0.105%	$118K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2478	−0.105%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2438	−1.703%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2478	−0.088%	$8K	$735K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2477	−0.166%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2479	−0.060%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2477	−0.145%	$47.8M	$7.7M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0104%	8h	0.2481	long leg	$21K	—	20x
Extended ADA-USD	+0.0104%	1h	0.2479	−0.048%	$541K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2475	−0.226%	$370K	$8.5M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2472	−0.367%	$3K	$113K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0197%	1h	0.2476	−0.169%	$6.4M	$14.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2478	−0.105%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0271%	1h	0.2478	−0.103%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2476	−0.195%	$88K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0436%	1h	0.2478	−0.097%	$636K	$726K	50x	as long as short
dYdX ADA-USD	+0.0661%	1h	0.2478	−0.122%	$207K	$5K	10x	as long as short