Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0242%/8h= +26.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.069%
Price spread now: Reya against Coinbase International+0.001%48s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ADA-PERP-INTX0.24720.0040pay 0.0005% / 1h25m 31s$419K$7.3M50x
ShortReya ADARUSDPERP0.24720.0282get 0.0035% / 1h25m 31s$1K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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

Funding earned
$50.9
Price spread: +0.001% → 0.000%
$0.12
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
$35.02
Costs to cover
0.160%
Break-even
2.2 days
Slippage unknown: Coinbase International: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 4 min ago4.05 bp10.6 bp −$1117.6 bp −$176doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2472+0.006%$203K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2475+0.121%$184K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2472−0.020%$85K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−0.040%$849$202K12xas long as short
Coinbase International ADA-PERP-INTXlong+0.0040%1h0.2472long leg$419K$7.3M50x
Kraken Futures PF_ADAUSD+0.0047%1h0.2474+0.068%$6.2M$11.7M50xas long as short
Phoenix ADA+0.0098%1h0.2467−0.214%$4K$84K10xas long as short
Aster ADAUSDT+0.0100%8h0.2473+0.057%$1.2M$948K75xas long as short
Pacifica ADA+0.0100%1h0.2473+0.040%$161K$148K10xas long as short
Binance ADAUSDT+0.0100%8h0.2471−0.040%$103.0M$365.8M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2471−0.040%$72.5M$104.2M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.24720.000%$32.7M$107.4M50xas long as short
Gate ADA_USDT+0.0100%8h0.2471−0.040%$98.4M$59.0M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2471−0.040%$53.6M$51.2M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2471−0.036%$30.3M$17.8M75xas long as short
Bitget ADAUSDT+0.0100%8h0.24720.000%$66.2M$44.2M75xas long as short
BingX ADA-USDC+0.0100%8h0.24720.000%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2474+0.085%$129K$415K15xas long as short
Variational Omni ADA+0.0100%8h0.2472+0.004%$4.2M$966Kas long as short
edgeX ADAUSDC+0.0100%4h0.2468−0.148%$66K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2469−0.133%$293K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2470−0.081%$56K$584K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2471−0.032%$94K$646K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2473+0.040%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2474+0.074%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2473+0.040%$9K$766K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2474+0.081%$340$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2474+0.087%$1.3M$5.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2473+0.040%$48.3M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0103%8h0.2472+0.019%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2472−0.002%$537K$1.8M50xas long as short
Lighter ADA+0.0160%1h0.2475+0.109%$2.5M$1.1M10xas long as short
Hyperliquid ADA+0.0193%1h0.2474+0.089%$43.2M$14.5M10xas long as short
BloFin ADA-USDT+0.0220%8h0.2468−0.162%$4.4M$5.5M75xas long as short
Reya ADARUSDPERPshort+0.0282%1h0.2472+0.001%$1K15x
Deribit ADA_USDC-PERPETUAL+0.0397%1h0.2474+0.097%$497K$434K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0627% / S −0.0393%1h0.2472−0.005%$142K100xas long as short