Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni+0.025%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.485% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.025%, 7d avg +0.004%

Together, before fees+0.105%+$10 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: HTX is 0.022% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2456	0.0100	pay 0.0013% / 1h	5m 09s	$76K	$895K	50x
Short	HTX ADA-USDT	0.2457	0.0100	get 0.0100% / 8h	5m 09s	$1.3M	$7.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.004%: $2.16
Slippage, 4 orders: −$26.47
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$46.31
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 34 min ago; HTX: live order book, 4 min ago.

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 ApeX Omni live order book, 34 min ago	6.13 bp	14.6 bp −$15	47.2 bp −$472	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.02 bp	9.4 bp −$9	26.9 bp −$269	55.5 bp −$5,555	doesn't fit

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	−0.061%	$202K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	−0.022%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.611%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2458	+0.073%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2457	+0.041%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	−0.008%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	−0.041%	$157K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	0.000%	$103.8M	$407.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2455	−0.041%	$73.4M	$126.7M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	−0.041%	$32.7M	$119.1M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.041%	$100.4M	$65.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2456	0.000%	$53.2M	$66.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	−0.016%	$29.7M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	0.000%	$66.7M	$54.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2456	0.000%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	+0.041%	$142K	$486K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.115%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	−0.009%	$66K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	−0.012%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2456	long leg	$76K	$895K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2457	+0.037%	$124K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	+0.074%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	−0.081%	$8K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	−0.020%	$338	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2457	+0.025%	$1.3M	$7.1M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2455	−0.041%	$47.5M	$7.6M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2455	−0.061%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	−0.045%	$505K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0107%	8h	0.2456	0.000%	$235K	$7.7M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2456	0.000%	$381K	$8.4M	50x	as long as short
Hyperliquid ADA	+0.0168%	1h	0.2459	+0.114%	$43.5M	$18.3M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.041%	$4.5M	$5.9M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2457	+0.029%	$3K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2457	+0.023%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0279%	1h	0.2456	−0.010%	$6.4M	$14.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2455	−0.031%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0442%	1h	0.2458	+0.065%	$632K	$661K	50x	as long as short