Funding arb · Price arb /

ADA

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Swap Backtest

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: Bitget against Variational Omni+0.114%7-day average −0.011% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.114%, 7d avg −0.011%

Together, before fees−0.110%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.126% dearer against Variational Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ADA	0.2452	0.0100	pay 0.0100% / 8h	1h 24m	$4.2M	$1.0M	—
Short	Bitget ADAUSDT	0.2455	0.0100	get 0.0100% / 8h	1h 24m	$65.8M	$43.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → −0.011%: $12.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $0.56
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bitget: live order book, 4 min ago. 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 Variational Omni RFQ quote, 5 min ago	6.13 bp	doesn't fit	10.2 bp −$102	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.04 bp	10.0 bp −$10	14.1 bp −$141	26.2 bp −$2,621	105.9 bp −$52.9K

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	0.2455	+0.116%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2456	+0.155%	$154K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	+0.055%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2450	−0.089%	$409K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2455	+0.094%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2458	+0.241%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2457	+0.176%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	+0.131%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2456	+0.169%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	+0.114%	$101.7M	$359.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2453	+0.033%	$71.3M	$101.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	+0.114%	$31.8M	$105.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2454	+0.074%	$96.7M	$58.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	+0.114%	$52.8M	$50.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	+0.151%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2455	+0.114%	$65.8M	$43.2M	75x
BingX ADA-USDC	+0.0100%	8h	0.2455	+0.114%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	+0.110%	$101K	$415K	15x	as long as short
Variational Omni ADAlong	+0.0100%	8h	0.2452	long leg	$4.2M	$1.0M	—
edgeX ADAUSDC	+0.0100%	4h	0.2453	+0.025%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.038%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	+0.114%	$55K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2452	−0.028%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	+0.074%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	+0.107%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	+0.074%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	+0.090%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	+0.090%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	+0.074%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2456	+0.167%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	+0.116%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2451	−0.065%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2450	−0.089%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2453	+0.036%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.767%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0361%	1h	0.2455	+0.123%	$479K	$352K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2454	+0.064%	$122K	—	100x	as long as short