Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Paradex+0.079%52s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bitget

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: Bitget is 0.079% dearer against Paradex than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet). 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	Paradex ADA-USD-PERP	0.2463	0.0100	pay 0.0100% / 8h	1h 54m	$21K	$250	20x
Short	Bitget ADAUSDT	0.2465	0.0100	get 0.0100% / 8h	1h 54m	$65.9M	$42.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$0.07
Price spread: +0.079% → 0.000%: $7.94
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$8.14
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	2.04 bp	8.0 bp −$8	11.0 bp −$110	29.3 bp −$2,927	92.2 bp −$46.1K

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
dYdX ADA-USD	0.0000%	1h	0.2463	−0.009%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2462	−0.042%	$162K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2465	+0.083%	$479K	$351K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	+0.024%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2461	−0.083%	$409K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0094%	1h	0.2464	+0.052%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2466	+0.108%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2465	+0.059%	$42.7M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2465	+0.079%	$1.2M	$998K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	−0.011%	$158K	$147K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2464	+0.039%	$102.1M	$355.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	+0.039%	$70.9M	$99.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2464	+0.039%	$32.0M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2463	−0.002%	$97.1M	$57.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2464	+0.039%	$53.1M	$50.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	+0.043%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2465	+0.079%	$65.9M	$42.8M	75x
BingX ADA-USDT	+0.0100%	8h	0.2464	+0.039%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	+0.100%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.112%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2450	−0.533%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.399%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.327%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2465	+0.079%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	+0.039%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2464	+0.036%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	+0.077%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	+0.018%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	+0.131%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	+0.039%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0100%	8h	0.2463	long leg	$21K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2464	+0.042%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2454	−0.363%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2466	+0.120%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2465	+0.089%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.733%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2464	+0.018%	$122K	—	100x	as long as short