Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Orderly against edgeX−0.329%71s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: 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: Orderly is 0.329% cheaper against edgeX than usual: you would sell low and buy high, −$33 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 71 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	0.2442	0.0100	pay 0.0050% / 4h	23m 49s	$65K	$280K	20x
Short	Orderly PERP_ADA_USDC	0.2434	0.0100	get 0.0100% / 8h	23m 49s	$6K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.329%Rate

Funding earned: $0
Price spread: −0.329% → 0.000%: −$32.91
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$47.91
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 54 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 54 min ago	6.10 bp	10.6 bp −$11	25.0 bp −$250	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2434	−0.309%	$200K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2435	−0.288%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2435	−0.306%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2433	−0.370%	$401K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2435	−0.276%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2434	−0.317%	$42.1M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2434	−0.313%	$1.2M	$929K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2435	−0.284%	$156K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2435	−0.303%	$101.0M	$364.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2433	−0.370%	$70.6M	$103.6M	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	0.2435	−0.288%	$32.1M	$106.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2432	−0.411%	$96.5M	$60.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2434	−0.329%	$51.8M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2434	−0.350%	$29.8M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2434	−0.329%	$65.4M	$43.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2434	−0.329%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2434	−0.317%	$103K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	−0.197%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2442	long leg	$65K	$280K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2439	−0.140%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2442	−0.001%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2434	−0.313%	$91K	$637K	10x	as long as short
Orderly PERP_ADA_USDCshort	+0.0100%	8h	0.2434	−0.329%	$6K	$31K	20x
Derive ADA-PERP	+0.0100%	1h	0.2435	−0.288%	$39K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2435	−0.290%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2434	−0.333%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2435	−0.276%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2434	−0.329%	$47.5M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2435	−0.299%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2434	−0.350%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2434	−0.335%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2440	−0.096%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2433	−0.370%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.186%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2434	−0.327%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2434	−0.321%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.3132%	1h	0.2490	+1.980%	$500K	$430K	50x	as long as short