Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h +0.058%

Price spread now: Reya against Bitget+0.022%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Reya is 0.022% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2422	0.0100	pay 0.0100% / 8h	2h 33m	$66.0M	$52.6M	75x
Short	Reya ADARUSDPERP	0.2423	0.0276	get 0.0034% / 1h	33m 05s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.022%Rate

Funding earned: $36.92
Price spread: +0.022% → 0.000%: $2.22
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $21.15
Costs to cover: 0.180%
Break-even: 3.0 days

Slippage unknown: Bitget: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.

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, 1 min ago	2.07 bp	12.1 bp −$12	15.1 bp −$151	49.8 bp −$4,979	142.9 bp −$71.4K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2422	−0.010%	$199K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2425	+0.124%	$168K	$7.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2423	+0.025%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2424	+0.096%	$6.2M	$13.4M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2444	+0.912%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+2.023%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2427	+0.186%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2423	+0.050%	$41.8M	$17.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2423	+0.031%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2423	+0.054%	$155K	$170K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2423	+0.038%	$102.3M	$402.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2423	+0.041%	$71.2M	$121.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2424	+0.083%	$32.4M	$112.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2421	−0.041%	$97.9M	$63.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2424	+0.083%	$53.7M	$64.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2425	+0.111%	$29.1M	$15.5M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2422	long leg	$66.0M	$52.6M	75x
BingX ADA-USDC	+0.0100%	8h	0.2422	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2424	+0.099%	$112K	$471K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2440	+0.748%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2445	+0.942%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2442	+0.818%	$291K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2445	+0.950%	$198K	$780K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2421	−0.029%	$124K	$852K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2423	+0.041%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2424	+0.073%	$39K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2425	+0.123%	$8K	$753K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2424	+0.103%	$333	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2423	+0.052%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2425	+0.124%	$47.3M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2424	+0.071%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2423	+0.056%	$528K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2422	0.000%	$366K	$8.1M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2423	+0.041%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERPshort	+0.0276%	1h	0.2423	+0.022%	$1K	—	15x
Deribit ADA_USDC-PERPETUAL	+0.0328%	1h	0.2425	+0.116%	$597K	$551K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0421% / S −0.0317%	1h	0.2423	+0.037%	$90K	—	100x	as long as short