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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.081%
Price spread now: Deribit against edgeX−1.097%75s7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.386% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)+1.397%+$140 · spread now −1.097%, 7d avg +0.039%
Together, before fees+1.395%+ Points / potential airdropedgeX: Active · farm board+$139 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 1.136% cheaper against edgeX than usual: you would sell low and buy high (spread −1.097% now, against its 7-day average of +0.039%). If the spread goes back, that is −$114 on $10k: about 59 days of funding at the current rate (+$2 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ADAUSDC0.24450.0100pay 0.0050% / 4h2h 31m$65K$286K20x
ShortDeribit ADA_USDC-PERPETUAL0.24180.0164get 0.0021% / 1h31m 40s$596K$552K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. 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
$13.44
Price spread: −1.097% → +0.039%
−$113.61
Slippage, 4 orders
−$22.62
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$138.79
Costs to cover
0.386%
Break-even
79.3 days
Slippage from edgeX: live order book, 16 min ago; Deribit: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 16 min ago6.07 bp10.6 bp −$1127.2 bp −$272doesn't fitdoesn't fit
Sell Deribit live order book, 17 min ago4.85 bp8.6 bp −$914.1 bp −$141doesn't fitdoesn't fit

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%1h0.2420−1.031%$199K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2421−0.974%$181K$7.3M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2424−0.836%$83K150xas long as short
Kraken Futures PF_ADAUSD+0.0020%1h0.2416−1.176%$6.2M$13.5M50xas long as short
Phoenix ADA+0.0032%1h0.2444−0.029%$4K$105K10xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+1.071%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.2421−0.974%$2.4M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h0.2419−1.048%$41.7M$17.2M10xas long as short
Aster ADAUSDT+0.0100%8h0.2420−0.997%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2420−1.004%$155K$170K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2421−0.992%$102.2M$402.9M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2420−1.015%$71.2M$121.7M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2421−0.974%$32.0M$113.9M50xas long as short
Gate ADA_USDT+0.0100%8h0.2420−1.015%$98.0M$63.7M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2420−1.015%$53.6M$64.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2419−1.048%$28.9M$15.6M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2420−1.015%$65.9M$52.8M75xas long as short
BingX ADA-USDT+0.0100%8h0.2421−0.974%$20.1Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2420−1.003%$112K$468K15xas long as short
Variational Omni ADA+0.0100%8h0.2440−0.192%$4.2M$1.1Mas long as short
edgeX ADAUSDClong+0.0100%4h0.2445long leg$65K$286K20x
GRVT ADA_USDT_Perp+0.0100%8h0.2442−0.123%$291K$4.0M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2445+0.007%$198K$780K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2425−0.802%$126K$874K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2420−1.015%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2420−1.000%$39K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2418−1.098%$8K$758K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2417−1.117%$333$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2420−1.012%$1.3M$6.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2419−1.056%$47.1M$7.0M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2421−0.984%$20K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2421−0.980%$526K$1.8M50xas long as short
Coinbase International ADA-PERP-INTX+0.0104%1h0.2417−1.138%$383K$8.2M50xas long as short
Deribit ADA_USDC-PERPETUALshort+0.0164%1h0.2418−1.097%$596K$552K50x
BloFin ADA-USDT+0.0220%8h0.2423−0.892%$4.5M$5.8M75xas long as short
Reya ADARUSDPERP+0.0276%1h0.2424−0.870%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0642% / S −0.0618%1h0.2424−0.859%$143K100xas long as short