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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0173%/8h= −19.0% APRnext payment $0.22 per $10,000 · paid last 24h −0.057%
Price spread now: SoDEX against Reya+0.041%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 pays, funding is against you. SoDEX is 0.041% dearer against Reya than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 19 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ADARUSDPERP0.24470.0273pay 0.0034% / 1h39m 06s$1K15x
ShortSoDEX ADA-USD0.24490.0100get 0.0013% / 1h39m 06s$337$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$36.39
Price spread: +0.041% → 0.000%
$4.1
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$46.29
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; SoDEX: 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 SoDEX no order-book sample
Reya and SoDEX: 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%1h0.2445−0.121%$201K$2K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2447−0.020%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.960%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.2450+0.086%$2.4M$1.0M10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2449+0.061%$6K$5K20xas long as short
Hyperliquid ADA+0.0100%1h0.2449+0.047%$43.0M$18.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2447−0.016%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2446−0.081%$157K$178K10xas long as short
Binance ADAUSDT+0.0100%8h0.2448+0.018%$103.1M$407.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2446−0.061%$72.7M$125.5M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2447−0.020%$32.5M$118.3M50xas long as short
Gate ADA_USDT+0.0100%8h0.2447−0.020%$100.5M$64.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2447−0.020%$52.2M$65.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2448+0.008%$29.5M$16.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2447−0.020%$66.6M$53.8M75xas long as short
BingX ADA-USDC+0.0100%8h0.2448+0.021%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2448+0.004%$139K$486K15xas long as short
Variational Omni ADA+0.0100%8h0.2455+0.307%$4.2M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2456+0.350%$66K$286K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2456+0.347%$287K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2457+0.388%$78K$894K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2447−0.024%$121K$1.3M10xas long as short
Derive ADA-PERP+0.0100%1h0.2451+0.144%$40K$4K5xas long as short
SunX ADA-USDT+0.0100%8h0.2450+0.101%$8K$755K30xas long as short
SoDEX ADA-USDshort+0.0100%1h0.2449+0.041%$337$13K10x
HTX ADA-USDT+0.0100%8h0.2449+0.077%$1.3M$7.1M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2448+0.021%$47.4M$7.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2447−0.006%$514K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0104%8h0.2445−0.110%$20K$25020xas long as short
Kalshi KXADAPERP+0.0107%8h0.2448+0.021%$184K$7.6M3.2xas long as short
Coinbase International ADA-PERP-INTX+0.0144%1h0.2448+0.021%$369K$8.4M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2449+0.061%$4.4M$5.9M75xas long as short
Phoenix ADA+0.0228%1h0.2459+0.458%$4K$112K10xas long as short
Reya ADARUSDPERPlong+0.0273%1h0.2447long leg$1K15x
Kraken Futures PF_ADAUSD+0.0280%1h0.2449+0.062%$6.3M$14.0M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0526%1h0.2450+0.090%$624K$614K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0602% / S −0.0679%1h0.2447−0.014%$155K100xas long as short