Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.007%

Price spread now: Paradex against Coinbase International+0.221%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.221% dearer against Coinbase International than usual: you sell high and buy low: +$22 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	Coinbase International ADA-PERP-INTX	0.2463	0.0080	pay 0.0010% / 1h	15m 24s	$428K	$7.7M	50x
Short	Paradex ADA-USD-PERP	0.2468	0.0109	get 0.0109% / 8h	4h 15m	$21K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.221%Rate

Funding earned: $6.16
Price spread: +0.221% → 0.000%: $22.14
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $14.3
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 4 min ago; Paradex: 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 Coinbase International live order book, 4 min ago	2.03 bp	10.7 bp −$11	16.4 bp −$164	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	0.2465	+0.063%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2469	+0.244%	$154K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2466	+0.136%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.325%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTXlong	+0.0080%	1h	0.2463	long leg	$428K	$7.7M	50x
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2466	+0.139%	$6.3M	$12.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2469	+0.235%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2467	+0.176%	$1.2M	$986K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2467	+0.169%	$160K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2469	+0.243%	$104.5M	$370.2M	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	0.2467	+0.162%	$71.9M	$108.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2468	+0.203%	$33.0M	$105.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2466	+0.122%	$98.4M	$59.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2467	+0.162%	$61.9M	$60.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2467	+0.171%	$29.8M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2467	+0.162%	$66.4M	$49.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2467	+0.162%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2466	+0.106%	$125K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2465	+0.084%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2468	+0.208%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2469	+0.238%	$298K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2468	+0.203%	$228K	$746K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2469	+0.231%	$94K	$689K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2467	+0.162%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2468	+0.191%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2468	+0.201%	$9K	$729K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2467	+0.142%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2467	+0.147%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2467	+0.162%	$48.1M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2467	+0.176%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERPshort	+0.0109%	8h	0.2468	+0.221%	$21K	$250	20x
Hyperliquid ADA	+0.0191%	1h	0.2471	+0.315%	$42.9M	$14.7M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2470	+0.268%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2467	+0.162%	$4.3M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2467	+0.142%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0520%	1h	0.2468	+0.203%	$599K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0595% / S −0.0547%	1h	0.2467	+0.154%	$133K	—	100x	as long as short