Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Bybit+0.041%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.041%, 7d avg −0.010%

Together, before fees−0.035%−$3 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: Bitget is 0.051% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ADAUSDT	0.2448	0.0100	pay 0.0100% / 8h	1h 31m	$71.0M	$100.9M	75x
Short	Bitget ADAUSDT	0.2449	0.0100	get 0.0100% / 8h	1h 31m	$65.7M	$43.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.010%: $5.13
Slippage, 4 orders: −$12.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.99
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 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 Bybit live order book, 3 min ago	2.03 bp	7.5 bp −$8	10.9 bp −$109	28.1 bp −$2,812	144.1 bp −$72.0K
Sell Bitget live order book, 3 min ago	2.03 bp	8.0 bp −$8	11.8 bp −$118	30.2 bp −$3,018	88.3 bp −$44.2K

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	0.2452	+0.148%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	+0.123%	$171K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	+0.122%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2450	+0.082%	$410K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2449	+0.021%	$6.1M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2450	+0.098%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2450	+0.082%	$42.4M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2449	+0.035%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2453	+0.208%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2449	+0.035%	$101.6M	$358.0M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDTlong	+0.0100%	8h	0.2448	long leg	$71.0M	$100.9M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2448	0.000%	$31.7M	$105.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2448	0.000%	$96.6M	$58.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	+0.041%	$52.6M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2449	+0.053%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2449	+0.041%	$65.7M	$43.1M	75x
BingX ADA-USDT	+0.0100%	8h	0.2449	+0.041%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	+0.061%	$102K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2463	+0.622%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	+0.444%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2463	+0.629%	$289K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2459	+0.449%	$56K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2452	+0.147%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	+0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	+0.074%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	+0.081%	$9K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2449	+0.045%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.110%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	+0.041%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2454	+0.244%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	+0.044%	$554K	$1.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0118%	1h	0.2450	+0.061%	$476K	$350K	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2460	+0.511%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	+0.204%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2451	+0.127%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.940%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2451	+0.123%	$122K	—	100x	as long as short