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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%
Price spread now: Paradex against Derive+0.136%7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.136% dearer against Derive than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive ADA-PERP0.24170.0100pay 0.0013% / 1h30m 33s$40K$2K5x
ShortParadex ADA-USD-PERP0.24210.0101get 0.0101% / 8h2h 30m$20K$25020x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Derive. 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
$0.18
Price spread: +0.136% → 0.000%
$13.6
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Paradex: 2 bp × 2 orders
−$4
Net
$3.78
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Derive: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell Paradex no order-book sample
Derive and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2419+0.063%$199K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2421+0.151%$163K$7.3M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2416−0.037%$83K150xas long as short
Kraken Futures PF_ADAUSD+0.0020%1h0.2416−0.035%$6.2M$13.6M50xas long as short
Phoenix ADA+0.0032%1h0.2425+0.313%$4K$105K10xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+2.220%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.2420+0.127%$2.4M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h0.2419+0.085%$41.7M$17.2M10xas long as short
Aster ADAUSDT+0.0100%8h0.2419+0.088%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2419+0.085%$155K$170K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2421+0.134%$102.2M$403.7M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2419+0.069%$71.1M$121.8M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2421+0.151%$32.4M$114.4M50xas long as short
Gate ADA_USDT+0.0100%8h0.2418+0.027%$98.0M$63.8M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2419+0.069%$53.4M$64.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2419+0.077%$28.9M$15.6M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2420+0.110%$65.9M$52.9M75xas long as short
BingX ADA-USDT+0.0100%8h0.2420+0.110%$20.1Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2419+0.056%$111K$469K15xas long as short
Variational Omni ADA+0.0100%8h0.2416−0.050%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2424+0.292%$65K$286K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2423+0.234%$288K$4.0M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2422+0.193%$150K$820K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2418+0.044%$126K$876K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2417−0.014%$6K$6K20xas long as short
Derive ADA-PERPlong+0.0100%1h0.2417long leg$40K$2K5x
SunX ADA-USDT+0.0100%8h0.2418+0.026%$8K$759K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2417−0.006%$332$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2418+0.035%$1.3M$6.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2418+0.027%$47.1M$7.0M50xas long as short
Paradex ADA-USD-PERPshort+0.0101%8h0.2421+0.136%$20K$25020x
Extended ADA-USD+0.0104%1h0.2419+0.083%$527K$1.8M50xas long as short
Coinbase International ADA-PERP-INTX+0.0104%1h0.2416−0.055%$380K$8.2M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2420+0.110%$4.5M$5.8M75xas long as short
Reya ADARUSDPERP+0.0276%1h0.2419+0.070%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0412%1h0.2418+0.027%$596K$552K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0641% / S −0.0618%1h0.2418+0.022%$143K100xas long as short