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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bitget−0.021%46s7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as 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−$430.427% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.021%, 7d avg +0.021%

Together, before fees+0.167%+$17 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 0.042% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.021%. The two prices were read 46 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	Bitget ADAUSDT	0.2442	0.0100	pay 0.0100% / 8h	18m 28s	$66.3M	$54.0M	75x
Short	HTX ADA-USDT	0.2441	0.0100	get 0.0100% / 8h	18m 28s	$1.3M	$7.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.021%: −$4.19
Slippage, 4 orders: −$18.68
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$46.87
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; HTX: live order book, 1 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, 6 min ago	2.05 bp	10.2 bp −$10	15.3 bp −$153	36.0 bp −$3,605	doesn't fit
Sell HTX live order book, 1 min ago	3.77 bp	13.0 bp −$13	23.5 bp −$235	51.0 bp −$5,097	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	0.2442	+0.011%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	+0.017%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.188%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2444	+0.094%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2443	+0.041%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2443	+0.054%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	+0.059%	$156K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2443	+0.041%	$103.1M	$407.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2442	0.000%	$72.7M	$126.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2441	−0.041%	$32.5M	$118.2M	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	0.2442	0.000%	$99.8M	$65.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2443	+0.041%	$51.8M	$65.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2443	+0.045%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2442	long leg	$66.3M	$54.0M	75x
BingX ADA-USDC	+0.0100%	8h	0.2443	+0.041%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2445	+0.111%	$138K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	−0.161%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2439	−0.121%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2440	−0.081%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2440	−0.082%	$77K	$894K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2443	+0.025%	$120K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2444	+0.099%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	+0.100%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2444	+0.086%	$336	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2441	−0.021%	$1.3M	$7.1M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2442	0.000%	$47.3M	$7.6M	50x	as long as short
Hyperliquid ADA	+0.0101%	1h	0.2445	+0.119%	$42.9M	$18.1M	10x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2443	+0.036%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	+0.016%	$500K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2442	0.000%	$245K	$7.7M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2440	−0.082%	$376K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2443	+0.041%	$4.5M	$5.8M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2441	−0.053%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2442	−0.020%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0281%	1h	0.2444	+0.063%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2442	+0.006%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0692%	1h	0.2445	+0.115%	$623K	$614K	50x	as long as short