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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0182%/8h= +19.9% APRnext payment +$0.23 per $10,000 · paid last 24h +0.060%
Price spread now: Reya against Polymarket Perps+0.029%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Reya is 0.029% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ADA-USD0.24830.0100pay 0.0013% / 1h13m 37s$95K$649K10x
ShortReya ADARUSDPERP0.24840.0282get 0.0035% / 1h13m 37s$1K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Polymarket Perps. 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
$38.25
Price spread: +0.029% → 0.000%
$2.93
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
$27.17
Costs to cover
0.140%
Break-even
2.0 days
Slippage unknown: Polymarket Perps: live order book, 59 min ago; Reya: 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 Polymarket Perps live order book, 59 min ago2.46 bp7.3 bp −$78.6 bp −$86doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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%1h0.2484+0.040%$204K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2485+0.089%$215K$6.2M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2484+0.066%$85K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−0.475%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0040%1h0.2482−0.032%$422K$7.3M50xas long as short
Kraken Futures PF_ADAUSD+0.0047%1h0.2486+0.148%$6.3M$11.7M50xas long as short
Phoenix ADA+0.0098%1h0.2475−0.330%$4K$84K10xas long as short
Aster ADAUSDT+0.0100%8h0.2485+0.089%$1.2M$955K75xas long as short
Pacifica ADA+0.0100%1h0.2486+0.119%$160K$150K10xas long as short
Binance ADAUSDT+0.0100%8h0.2484+0.048%$103.5M$367.0M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2483+0.008%$72.9M$105.0M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2484+0.048%$32.9M$108.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2485+0.089%$99.1M$59.6M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2485+0.089%$55.0M$52.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2485+0.089%$30.5M$17.8M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2484+0.048%$67.1M$44.8M75xas long as short
BingX ADA-USDT+0.0100%8h0.2484+0.048%$20.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2489+0.266%$137K$418K15xas long as short
Variational Omni ADA+0.0100%8h0.2474−0.350%$4.3M$968Kas long as short
edgeX ADAUSDC+0.0100%4h0.2480−0.093%$66K$283K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2482−0.036%$294K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2485+0.089%$56K$585K50xas long as short
Polymarket Perps ADA-USDlong+0.0100%1h0.2483long leg$95K$649K10x
Orderly PERP_ADA_USDC+0.0100%8h0.2485+0.089%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2487+0.151%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2487+0.168%$9K$764K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2486+0.129%$342$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2487+0.170%$1.3M$5.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2486+0.129%$48.6M$5.7M50xas long as short
Extended ADA-USD+0.0104%1h0.2485+0.087%$542K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0105%8h0.2486+0.128%$21K$25020xas long as short
Lighter ADA+0.0184%1h0.2487+0.157%$2.5M$1.1M10xas long as short
BloFin ADA-USDT+0.0220%8h0.2481−0.072%$4.4M$5.6M75xas long as short
Hyperliquid ADA+0.0242%1h0.2487+0.165%$43.4M$14.3M10xas long as short
Reya ADARUSDPERPshort+0.0282%1h0.2484+0.029%$1K15x
GMX ADA/USD [WBTC.b-USDC]L +0.0629% / S −0.0393%1h0.2485+0.085%$143K100xas long as short
Deribit ADA_USDC-PERPETUAL+2.4743%1h0.2547+2.578%$512K$434K50xas long as short