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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.8% APRnext payment $0.07 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Paradex−0.215%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.215% cheaper against Paradex than usual: you would sell low and buy high, −$22 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ADA-USD-PERP0.24550.0107pay 0.0107% / 8h4h 43m$21K$25020x
ShortHTX ADA-USDT0.24500.0100get 0.0100% / 8h4h 43m$1.3M$6.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$1.47
Price spread: −0.215% → 0.000%
−$21.55
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee HTX: 6 bp × 2 orders
−$12
Net
−$39.02
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; HTX: live order book, 1 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 HTX live order book, 1 min ago1.47 bp9.2 bp −$921.6 bp −$21654.0 bp −$5,400doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2454−0.042%$202K$3K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2453−0.098%$160K$6.3M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2450−0.205%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.635%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2453−0.098%$432K$7.7M50xas long as short
Kraken Futures PF_ADAUSD+0.0092%1h0.2449−0.249%$6.3M$12.8M50xas long as short
Lighter ADA+0.0096%1h0.2451−0.179%$2.4M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2451−0.165%$1.2M$983K75xas long as short
Pacifica ADA+0.0100%1h0.2455−0.008%$159K$162K10xas long as short
Binance ADAUSDT+0.0100%8h0.2450−0.231%$103.6M$372.9M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2449−0.261%$71.4M$111.2M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2450−0.220%$32.6M$105.5M50xas long as short
Gate ADA_USDT+0.0100%8h0.2448−0.301%$97.8M$59.1M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2449−0.261%$61.1M$60.0M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2449−0.244%$29.6M$15.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2450−0.220%$65.8M$50.2M75xas long as short
BingX ADA-USDT+0.0100%8h0.2449−0.261%$20.1Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2449−0.253%$124K$444K15xas long as short
Variational Omni ADA+0.0100%8h0.2446−0.381%$4.2M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2446−0.393%$65K$285K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2448−0.301%$289K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2447−0.342%$226K$743K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2452−0.118%$94K$687K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2449−0.261%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2449−0.241%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2452−0.137%$8K$740K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2450−0.240%$337$13K10xas long as short
HTX ADA-USDTshort+0.0100%8h0.2450−0.215%$1.3M$6.4M75x
Phemex ADAUSDT+0.0100%8h0.2450−0.220%$47.7M$6.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2448−0.287%$531K$1.8M50xas long as short
Paradex ADA-USD-PERPlong+0.0107%8h0.2455long leg$21K$25020x
Hyperliquid ADA+0.0123%1h0.2451−0.183%$42.6M$14.9M10xas long as short
Phoenix ADA+0.0195%1h0.2454−0.041%$4K$100K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2450−0.220%$4.5M$5.7M75xas long as short
Reya ADARUSDPERP+0.0279%1h0.2450−0.200%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0322%1h0.2450−0.224%$593K$494K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0592% / S −0.0547%1h0.2450−0.219%$132K100xas long as short