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

ADA

all ADA markets
SwapBacktest
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: Orderly against Paradex+0.003%7-day average · you sell dearer than you buy
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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ADA-USD-PERP0.24510.0100pay 0.0100% / 8h4m 28s$21K$25020x
ShortOrderly PERP_ADA_USDC0.24510.0100get 0.0100% / 8h4m 28s$6K$29K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
−$0.07
Price spread: +0.003% → 0.000%
$0.32
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$9.75
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; Orderly: 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 Orderly no order-book sample
Paradex and Orderly: 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%1h0.2449−0.072%$201K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2445−0.242%$213K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2451−0.015%$84K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2442−0.364%$404K$7.3M50xas long as short
Lighter ADA+0.0096%1h0.2452+0.032%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2452+0.048%$42.5M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2451+0.002%$1.2M$933K75xas long as short
Pacifica ADA+0.0100%1h0.2451−0.005%$157K$146K10xas long as short
Binance ADAUSDT+0.0100%8h0.2451+0.015%$101.4M$366.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2451+0.003%$71.4M$104.0M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2452+0.044%$32.4M$107.5M50xas long as short
Gate ADA_USDT+0.0100%8h0.2450−0.038%$97.8M$60.5M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2450−0.038%$52.4M$51.2M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2450−0.025%$30.0M$18.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2451+0.003%$65.9M$43.9M75xas long as short
BingX ADA-USDT+0.0100%8h0.2451+0.003%$20.4Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2447−0.156%$108K$419K15xas long as short
Variational Omni ADA+0.0100%8h0.2441−0.398%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2445−0.235%$65K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2444−0.282%$290K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2444−0.282%$55K$582K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2450−0.038%$94K$641K10xas long as short
Orderly PERP_ADA_USDCshort+0.0100%8h0.2451+0.003%$6K$29K20x
Derive ADA-PERP+0.0100%1h0.2452+0.031%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2444−0.281%$9K$767K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2446−0.201%$336$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2447−0.174%$1.3M$5.4M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2445−0.242%$47.8M$5.9M50xas long as short
Paradex ADA-USD-PERPlong+0.0100%8h0.2451long leg$21K$25020x
Extended ADA-USD+0.0104%1h0.2451−0.016%$551K$1.8M50xas long as short
Kraken Futures PF_ADAUSD+0.0114%1h0.2446−0.192%$6.1M$11.7M50xas long as short
Phoenix ADA+0.0130%1h0.2446−0.213%$4K$78K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2445−0.242%$4.3M$5.5M75xas long as short
Injective ADA/USDC PERP+0.0254%1h0.2471+0.819%$849$202K12xas long as short
Reya ADARUSDPERP+0.0283%1h0.2450−0.035%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0323%1h0.2447−0.180%$491K$430K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0564% / S −0.0313%1h0.2444−0.263%$121K100xas long as short