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+0.0111%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h −0.013%
Price spread now: GMX against Reya+0.012%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ADARUSDPERP0.24790.0282pay 0.0035% / 1h11m 38s$1K15x
ShortGMX ADA/USD [WBTC.b-USDC]0.2479L +0.0629% / S −0.0393%get 0.0049% / 1h11m 38s$143K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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
$23.25
Price spread: +0.012% → 0.000%
$1.22
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee GMX: 6 bp × 2 orders
−$12
Net
$6.47
Costs to cover
0.180%
Break-even
5.1 days
Slippage unknown: Reya: no order-book sample; GMX: 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 Reya no order-book sample
Sell GMX no order-book sample
Reya and GMX: 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%1h0.2478−0.029%$204K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2479−0.001%$203K$6.2M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2479+0.011%$85K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−0.324%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0040%1h0.2478−0.041%$426K$7.4M50xas long as short
Kraken Futures PF_ADAUSD+0.0047%1h0.2479+0.015%$6.3M$11.8M50xas long as short
Phoenix ADA+0.0098%1h0.2475−0.179%$4K$84K10xas long as short
Aster ADAUSDT+0.0100%8h0.2481+0.080%$1.2M$956K75xas long as short
Pacifica ADA+0.0100%1h0.2479+0.007%$159K$150K10xas long as short
Binance ADAUSDT+0.0100%8h0.2479−0.005%$103.4M$367.7M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2478−0.041%$72.7M$105.2M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2479−0.001%$32.8M$107.8M50xas long as short
Gate ADA_USDT+0.0100%8h0.2477−0.082%$99.0M$59.8M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2478−0.041%$54.3M$52.2M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2479−0.005%$30.4M$17.8M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2478−0.041%$66.9M$44.8M75xas long as short
BingX ADA-USDC+0.0100%8h0.2478−0.041%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2480+0.023%$138K$416K15xas long as short
Variational Omni ADA+0.0100%8h0.2474−0.198%$4.3M$968Kas long as short
edgeX ADAUSDC+0.0100%4h0.2480+0.059%$66K$283K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2483+0.159%$294K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2485+0.241%$56K$585K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2482+0.120%$95K$649K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2480+0.039%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2480+0.050%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2481+0.078%$9K$765K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2480+0.043%$341$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2479+0.005%$1.3M$5.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2480+0.039%$48.4M$5.7M50xas long as short
Extended ADA-USD+0.0104%1h0.2477−0.074%$542K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0105%8h0.2481+0.077%$21K$25020xas long as short
Lighter ADA+0.0192%1h0.2480+0.047%$2.5M$1.1M10xas long as short
BloFin ADA-USDT+0.0220%8h0.2485+0.241%$4.4M$5.6M75xas long as short
Hyperliquid ADA+0.0242%1h0.2482+0.104%$43.3M$14.3M10xas long as short
Reya ADARUSDPERPlong+0.0282%1h0.2479long leg$1K15x
GMX ADA/USD [WBTC.b-USDC]shortL +0.0629% / S −0.0393%1h0.2479+0.012%$143K100x
Deribit ADA_USDC-PERPETUAL+0.1888%1h0.2484+0.201%$504K$445K50xas long as short