Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h 0.000%

Price spread now: Injective against Paradex+0.683%7-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 Injective

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

The price spread pays, funding is against you. Injective is 0.683% dearer against Paradex than usual: you sell high and buy low (spread +0.683% now, against zero (this spread has no 7-day history yet)): +$68 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ADA-USD-PERP	0.2454	0.0106	pay 0.0106% / 8h	4h 52m	$21K	$250	20x
Short	Injective ADA/USDC PERP	0.2471	0.0033	get 0.0004% / 1h	52m 22s	$849	$202K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.683%Rate

Funding earned: −$15.33
Price spread: +0.683% → 0.000%: $68.3
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $48.95
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Injective: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Paradex and Injective: 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	0.2453	−0.043%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2457	+0.113%	$140K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	−0.156%	$84K	—	150x	as long as short
Injective ADA/USDC PERPshort	+0.0033%	1h	0.2471	+0.683%	$849	$202K	12x
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2457	+0.113%	$412K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2461	+0.262%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2456	+0.064%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2454	+0.003%	$42.6M	$14.9M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	−0.012%	$1.2M	$980K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.043%	$159K	$161K	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	0.2453	−0.070%	$103.5M	$372.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2451	−0.132%	$71.5M	$111.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2452	−0.091%	$32.6M	$105.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2451	−0.132%	$98.0M	$58.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	−0.091%	$61.1M	$59.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2453	−0.063%	$29.6M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2451	−0.132%	$65.9M	$50.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2451	−0.132%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2461	+0.271%	$126K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2462	+0.320%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.287%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2451	−0.150%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2449	−0.213%	$226K	$740K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	−0.038%	$92K	$684K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	−0.132%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	−0.082%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.154%	$9K	$741K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2461	+0.263%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2460	+0.224%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2460	+0.235%	$47.9M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	−0.098%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0106%	8h	0.2454	long leg	$21K	$250	20x
Phoenix ADA	+0.0195%	1h	0.2459	+0.210%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	+0.276%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2453	−0.050%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0604%	1h	0.2462	+0.300%	$588K	$486K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0625% / S −0.0463%	1h	0.2451	−0.143%	$149K	—	100x	as long as short