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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%
Price spread now: Extended against Variational Omni−0.394%7-day average −0.037% · you buy dearer than you sell
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)−0.041%−$4 on $10k
Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.394%, 7d avg −0.037%
Together, before fees+0.087%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$9 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: Extended is 0.358% cheaper against Variational Omni than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ADA0.24550.0100pay 0.0100% / 8h6h 10m$4.2M$992K
ShortExtended ADA-USD0.24450.0104get 0.0013% / 1h10m 04s$532K$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.394% → −0.037%
−$35.78
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$39.94
Costs to cover
0.050%
Break-even
339.9 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Extended: live order book, 3 min ago. 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 Variational Omni RFQ quote, 4 min ago8.15 bpdoesn't fit12.2 bp −$122doesn't fitdoesn't fit
Sell Extended live order book, 3 min ago2.04 bp4.5 bp −$59.8 bp −$98doesn't fitdoesn't fit

ADA on 36 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%1h0.2453−0.079%$202K$3K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2450−0.190%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.649%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0048%1h0.2456+0.038%$406K$7.4M50xas long as short
Hyperliquid ADA+0.0100%1h0.2451−0.162%$42.7M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2451−0.166%$1.2M$977K75xas long as short
Pacifica ADA+0.0100%1h0.2455−0.020%$158K$157K10xas long as short
Binance ADAUSDT+0.0100%8h0.2448−0.268%$102.8M$371.1M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2449−0.247%$72.0M$108.7M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2446−0.369%$32.6M$107.0M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2448−0.288%$97.8M$60.3M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2446−0.369%$58.8M$52.9M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2448−0.304%$29.8M$17.6M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2446−0.369%$65.5M$47.2M75xas long as short
BingX ADA-USDC+0.0100%8h0.2451−0.166%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2449−0.239%$129K$410K15xas long as short
Variational Omni ADAlong+0.0100%8h0.2455long leg$4.2M$992K
edgeX ADAUSDC+0.0100%4h0.2452−0.105%$65K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2455−0.022%$297K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2457+0.079%$56K$590K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2453−0.101%$93K$670K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2450−0.207%$6K$16K20xas long as short
Derive ADA-PERP+0.0100%1h0.2452−0.135%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2453−0.088%$9K$760K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2451−0.162%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2451−0.180%$1.3M$5.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2450−0.207%$47.7M$6.3M50xas long as short
Extended ADA-USDshort+0.0104%1h0.2445−0.394%$532K$1.8M50x
Paradex ADA-USD-PERP+0.0108%8h0.24550.000%$21K$25020xas long as short
Kalshi KXADAPERP+0.0108%8h0.2454−0.044%$163K$6.3M3.2xas long as short
Phoenix ADA+0.0163%1h0.2456+0.034%$4K$87K10xas long as short
Lighter ADA+0.0200%1h0.2453−0.092%$2.4M$1.0M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0240%1h0.2451−0.154%$501K$470K50xas long as short
Reya ADARUSDPERP+0.0281%1h0.2452−0.126%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0354%1h0.2451−0.184%$6.2M$12.1M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0415% / S −0.0202%1h0.2450−0.208%$95K100xas long as short