Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: dYdX against Bitget+0.045%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1771.767% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.045%, 7d avg −0.001%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.046% dearer against Bitget than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.001%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2453	0.0100	pay 0.0100% / 8h	2h 14m	$65.7M	$42.8M	75x
Short	dYdX ADA-USD	0.2454	0	get 0.0000% / 1h	14m 06s	$202K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$21
Price spread: +0.045% → −0.001%: $4.63
Slippage, 4 orders: −$154.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$193.11
Costs to cover: 1.767%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; dYdX: live order book, 10 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 Bitget live order book, 5 min ago	2.03 bp	11.5 bp −$12	14.4 bp −$144	26.4 bp −$2,639	105.9 bp −$52.9K
Sell dYdX live order book, 10 min ago	73.35 bp	78.3 bp −$78	144.4 bp −$1,444	154.6 bp −$15.5K	164.3 bp −$82.1K

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-USDshort	0.0000%	1h	0.2454	+0.045%	$202K	$4K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2455	+0.082%	$153K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	+0.058%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2454	+0.041%	$407K	$7.2M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0076%	1h	0.2456	+0.114%	$477K	$353K	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2456	+0.139%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2454	+0.041%	$42.5M	$14.6M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	+0.067%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.077%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2454	+0.043%	$101.7M	$355.5M	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	0.000%	$70.6M	$99.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2453	0.000%	$31.9M	$105.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2453	0.000%	$96.9M	$58.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	+0.041%	$52.8M	$56.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	+0.065%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2453	long leg	$65.7M	$42.8M	75x
BingX ADA-USDC	+0.0100%	8h	0.2454	+0.041%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	+0.073%	$103K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2454	+0.057%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	+0.229%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2458	+0.220%	$290K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2458	+0.204%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.029%	$96K	$623K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	+0.082%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	+0.088%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	+0.082%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	+0.082%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	+0.080%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	+0.041%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2455	+0.094%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	+0.006%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2456	+0.114%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	+0.122%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2454	+0.031%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0336%	1h	0.2455	+0.080%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0504% / S −0.0263%	1h	0.2453	+0.014%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.530%	$838	$131K	12x	as long as short