Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against edgeX+0.220%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.220%, 7d avg +0.014%

Together, before fees+0.063%+ Points / potential airdropedgeX: Active · farm board+$6 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: HTX is 0.206% dearer against edgeX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2443	0.0100	pay 0.0050% / 4h	45m 23s	$65K	$291K	20x
Short	HTX ADA-USDT	0.2448	0.0100	get 0.0100% / 8h	4h 45m	$1.3M	$6.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.220%Rate

Funding earned: $0
Price spread: +0.220% → +0.014%: $20.56
Slippage, 4 orders: −$22.17
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.61
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from edgeX: live order book, 60 min ago; HTX: live order book, 2 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, 60 min ago	6.10 bp	10.6 bp −$11	30.0 bp −$300	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	1.02 bp	11.2 bp −$11	24.7 bp −$247	54.7 bp −$5,473	doesn't fit

ADA on 37 exchanges

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
Kraken Futures PF_ADAUSD	−0.0105%	1h	0.2451	+0.349%	$6.3M	$12.8M	50x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2450	+0.293%	$186K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	+0.300%	$84K	—	150x	as long as short
dYdX ADA-USD	+0.0018%	1h	0.2450	+0.273%	$206K	$6K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.152%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2450	+0.297%	$2.4M	$927K	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2445	+0.092%	$2K	$102K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	+0.349%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2450	+0.305%	$157K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2451	+0.335%	$105.1M	$375.8M	75x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2450	+0.293%	$74.5M	$122.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2451	+0.333%	$32.2M	$104.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	+0.252%	$101.3M	$58.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	+0.293%	$51.8M	$69.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2451	+0.321%	$29.4M	$14.7M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2451	+0.333%	$67.2M	$49.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2451	+0.333%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	+0.333%	$136K	$445K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2446	+0.124%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2443	long leg	$65K	$291K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2450	+0.293%	$290K	$3.6M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2445	+0.088%	$67K	$898K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	+0.350%	$91K	$1.5M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	+0.293%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2451	+0.340%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2453	+0.415%	$8K	$656K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2451	+0.350%	$337	$6K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2448	+0.220%	$1.3M	$6.7M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2449	+0.252%	$47.3M	$7.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2449	+0.255%	$19K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	+0.280%	$540K	$1.7M	50x	as long as short
Hyperliquid ADA	+0.0135%	1h	0.2454	+0.440%	$43.7M	$17.2M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0216%	1h	0.2451	+0.333%	$405K	$7.7M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2451	+0.333%	$4.6M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0268%	1h	0.2451	+0.345%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0362%	1h	0.2452	+0.362%	$571K	$838K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0367% / S −0.0294%	1h	0.2450	+0.273%	$87K	—	100x	as long as short