Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against edgeX+0.523%73s7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.305% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)−1.271%−$127 · spread now +0.523%, 7d avg −0.032%

Together, before fees−1.381%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$138 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: Extended is 0.555% dearer against edgeX than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2444	0.0100	pay 0.0050% / 4h	2h 48m	$65K	$282K	20x
Short	Extended ADA-USD	0.2456	0.0104	get 0.0013% / 1h	48m 13s	$533K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee edgeXbpFee ExtendedbpOrdersPrice spread, now +0.523%Rate

Funding earned: $0.84
Price spread: +0.523% → −0.032%: $55.5
Slippage, 4 orders: −$16.54
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $25.8
Costs to cover: 0.305%
Break-even: from the start

Slippage from edgeX: live order book, 20 min ago; Extended: live order book, 5 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 edgeX live order book, 20 min ago	6.05 bp	10.9 bp −$11	29.8 bp −$298	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	2.04 bp	4.5 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit

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	0.2457	+0.561%	$202K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2452	+0.360%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.122%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2455	+0.467%	$410K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2458	+0.590%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2460	+0.668%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	+0.476%	$1.2M	$968K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	+0.557%	$159K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.609%	$102.4M	$375.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	+0.549%	$72.4M	$108.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	+0.631%	$32.5M	$108.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2457	+0.549%	$98.5M	$58.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	+0.549%	$50.4M	$50.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	+0.594%	$30.1M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2458	+0.590%	$65.6M	$46.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2459	+0.631%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2458	+0.590%	$126K	$423K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2450	+0.267%	$4.2M	$992K	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2444	long leg	$65K	$282K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2444	+0.017%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2451	+0.303%	$56K	$587K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	+0.471%	$93K	$656K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	+0.426%	$6K	$28K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2456	+0.520%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.591%	$9K	$773K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	+0.529%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2456	+0.524%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2457	+0.549%	$47.8M	$6.4M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2459	+0.631%	$195K	$6.2M	3.2x	as long as short
Extended ADA-USDshort	+0.0104%	1h	0.2456	+0.523%	$533K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0105%	8h	0.2456	+0.526%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	+0.569%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.631%	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2453	+0.366%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2456	+0.516%	$6.2M	$12.0M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0402%	1h	0.2456	+0.500%	$499K	$470K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0622% / S −0.0389%	1h	0.2453	+0.367%	$140K	—	100x	as long as short