Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni+0.577%51s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.361% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.736%−$74 · spread now +0.577%, 7d avg −0.012%

Together, before fees−0.725%+ Points / potential airdropPacifica: Active · farm board−$73 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: Pacifica is 0.588% dearer against ApeX Omni than usual: you sell high and buy low, +$59 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2447	0.0100	pay 0.0013% / 1h	40m 28s	$226K	$743K	50x
Short	Pacifica ADA	0.2461	0.0100	get 0.0013% / 1h	40m 28s	$160K	$162K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.577%Rate

Funding earned: $0
Price spread: +0.577% → −0.012%: $58.84
Slippage, 4 orders: −$18.09
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $22.75
Costs to cover: 0.361%
Break-even: from the start

Slippage from ApeX Omni: live order book, 18 min ago; Pacifica: live order book, 17 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, 18 min ago	2.04 bp	8.5 bp −$9	40.9 bp −$409	doesn't fit	doesn't fit
Sell Pacifica live order book, 17 min ago	2.44 bp	8.6 bp −$9	doesn't fit	doesn't fit	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	0.2460	+0.512%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2457	+0.409%	$160K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	+0.301%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.981%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2453	+0.245%	$425K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2457	+0.396%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2462	+0.633%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2460	+0.547%	$1.2M	$983K	75x	as long as short
Pacifica ADAshort	+0.0100%	1h	0.2461	+0.577%	$160K	$162K	10x
Binance ADAUSDT	+0.0100%	8h	0.2461	+0.589%	$104.1M	$372.7M	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	0.2459	+0.490%	$71.7M	$110.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2460	+0.531%	$32.8M	$105.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2459	+0.490%	$98.2M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	+0.531%	$61.3M	$60.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	+0.511%	$29.7M	$15.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	+0.490%	$66.1M	$50.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2461	+0.572%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2458	+0.458%	$124K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2454	+0.288%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	+0.238%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.041%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2447	long leg	$226K	$743K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	+0.544%	$94K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	+0.368%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2456	+0.373%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	+0.328%	$9K	$739K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2456	+0.368%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	+0.295%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2457	+0.409%	$47.9M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2460	+0.526%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2461	+0.571%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0147%	1h	0.2462	+0.601%	$42.8M	$14.9M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2454	+0.302%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2458	+0.450%	$4.5M	$5.7M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2459	+0.510%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0593% / S −0.0547%	1h	0.2454	+0.282%	$132K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0605%	1h	0.2457	+0.409%	$594K	$494K	50x	as long as short