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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.024%
Price spread now: dYdX against Paradex−0.045%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.045% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ADA-USD-PERP0.24590.0104pay 0.0104% / 8h7h 58m$21K$25020x
ShortdYdX ADA-USD0.24580get 0.0000% / 1h58m 50s$202K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$21.79
Price spread: −0.045% → 0.000%
−$4.48
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$40.27
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; dYdX: live order book, 40 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell dYdX live order book, 40 min ago122.10 bp127.1 bp −$127168.8 bp −$1,688217.1 bp −$21.7K648.8 bp −$324.4K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USDshort0.0000%1h0.2458−0.045%$202K$2K10x
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2452−0.259%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.494%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.2460+0.038%$2.4M$995K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2452−0.279%$6K$5K20xas long as short
Aster ADAUSDT+0.0100%8h0.2457−0.057%$1.2M$1.2M75xas long as short
Pacifica ADA+0.0100%1h0.2458−0.035%$157K$181K10xas long as short
Binance ADAUSDT+0.0100%8h0.2459+0.006%$104.0M$407.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2458−0.035%$73.3M$127.2M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2458−0.035%$32.8M$119.4M50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2455−0.157%$100.4M$61.7M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2459+0.006%$53.5M$66.2M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2455−0.165%$29.7M$16.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2459+0.006%$66.8M$54.1M75xas long as short
BingX ADA-USDC+0.0100%8h0.2458−0.035%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2454−0.194%$142K$486K15xas long as short
Variational Omni ADA+0.0100%8h0.2454−0.191%$4.2M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2453−0.252%$66K$288K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2456−0.120%$292K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2452−0.279%$76K$896K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2452−0.259%$116K$1.4M10xas long as short
Derive ADA-PERP+0.0100%1h0.2453−0.240%$40K$4K5xas long as short
SunX ADA-USDT+0.0100%8h0.2456−0.112%$8K$754K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2452−0.259%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2452−0.259%$1.3M$7.2M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2453−0.238%$47.5M$7.6M50xas long as short
Paradex ADA-USD-PERPlong+0.0104%8h0.2459long leg$21K$25020x
Extended ADA-USD+0.0104%1h0.2455−0.140%$505K$1.8M50xas long as short
Kalshi KXADAPERP+0.0105%8h0.2452−0.279%$233K$7.7M3.2xas long as short
Coinbase International ADA-PERP-INTX+0.0152%1h0.2453−0.238%$367K$8.5M50xas long as short
Kraken Futures PF_ADAUSD+0.0199%1h0.2452−0.259%$6.3M$14.1M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2454−0.198%$4.5M$5.9M75xas long as short
Phoenix ADA+0.0228%1h0.2457−0.067%$3K$111K10xas long as short
Reya ADARUSDPERP+0.0272%1h0.2452−0.276%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0369% / S −0.0295%1h0.2452−0.292%$87K100xas long as short
Hyperliquid ADA+0.0488%1h0.2461+0.079%$43.5M$18.3M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0566%1h0.2454−0.189%$637K$739K50xas long as short