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 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Paradex−0.158%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 3 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 gTrade (Gains Network) is 0.158% cheaper against Paradex than usual: you would sell low and buy high (−$16 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-PERP0.24600.0100pay 0.0100% / 8h1h 34m$21K$25020x
ShortgTrade (Gains Network) ADA/USD0.2456L +0.0005% / S −0.0003%get 0.0000% / 1h34m 04s$84K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$20.41
Price spread: −0.158% → 0.000%
−$15.76
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$50.16
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): no order-book sample. 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 gTrade (Gains Network) no order-book sample
Paradex and gTrade (Gains Network): 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-USD0.0000%1h0.2460+0.020%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2457−0.103%$171K$5.9M3.2xas long as short
gTrade (Gains Network) ADA/USDshortL +0.0005% / S −0.0003%1h0.2456−0.158%$84K150x
Coinbase International ADA-PERP-INTX+0.0064%1h0.2455−0.184%$412K$7.3M50xas long as short
Kraken Futures PF_ADAUSD+0.0095%1h0.2459−0.033%$6.2M$11.5M50xas long as short
Lighter ADA+0.0096%1h0.2460+0.011%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2459−0.005%$42.6M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2456−0.162%$1.2M$920K75xas long as short
Pacifica ADA+0.0100%1h0.2460+0.033%$157K$146K10xas long as short
Binance ADAUSDT+0.0100%8h0.2458−0.064%$101.9M$357.4M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2458−0.062%$71.4M$100.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2459−0.021%$31.8M$105.6M50xas long as short
Gate ADA_USDT+0.0100%8h0.2457−0.103%$97.1M$58.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2458−0.062%$53.4M$50.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2457−0.099%$30.3M$18.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2458−0.062%$65.9M$43.1M75xas long as short
BingX ADA-USDC+0.0100%8h0.2458−0.062%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2459−0.038%$102K$418K15xas long as short
Variational Omni ADA+0.0100%8h0.2463+0.150%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2468+0.364%$66K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2467+0.305%$298K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2474+0.589%$56K$580K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2454−0.229%$97K$623K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2457−0.103%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2458−0.078%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2462+0.101%$9K$757K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2459−0.042%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2456−0.161%$1.3M$5.1M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2458−0.062%$48.0M$5.8M50xas long as short
Paradex ADA-USD-PERPlong+0.0100%8h0.2460long leg$21K$25020x
Extended ADA-USD+0.0104%1h0.2458−0.059%$556K$1.8M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0116%1h0.2457−0.082%$477K$351K50xas long as short
Phoenix ADA+0.0131%1h0.2464+0.182%$4K$74K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2463+0.141%$4.4M$5.5M75xas long as short
Reya ADARUSDPERP+0.0285%1h0.2453−0.260%$1K15xas long as short
Injective ADA/USDC PERP+0.0288%1h0.2471+0.467%$849$202K12xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0565% / S −0.0313%1h0.2455−0.170%$122K100xas long as short