Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against edgeX+0.021%75s7-day average — · you sell dearer than you buy

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

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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: SoDEX is 0.021% dearer against edgeX than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 75 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	0.2507	0.0100	pay 0.0050% / 4h	3h 48m	$67K	$284K	20x
Short	SoDEX ADA-USD	0.2507	0.0100	get 0.0013% / 1h	48m 10s	$345	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → 0.000%: $2.12
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.88
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 5 min ago; SoDEX: 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, 5 min ago	7.95 bp	12.4 bp −$12	31.7 bp −$317	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	0.2508	+0.024%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2507	+0.001%	$173K	$6.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2507	+0.016%	$86K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0025%	1h	0.2508	+0.027%	$6.4M	$12.9M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.435%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2507	+0.001%	$429K	$8.2M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2511	+0.161%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2506	−0.037%	$161K	$168K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2508	+0.041%	$106.4M	$379.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2507	+0.001%	$74.0M	$111.3M	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	0.2507	+0.001%	$33.5M	$110.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2506	−0.039%	$102.2M	$60.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2507	+0.001%	$61.2M	$60.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2508	+0.025%	$30.2M	$15.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2508	+0.041%	$68.0M	$50.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2508	+0.041%	—	$20.2M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2514	+0.283%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2507	long leg	$67K	$284K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2506	−0.050%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2508	+0.041%	$231K	$749K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2512	+0.189%	$96K	$698K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2509	+0.081%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2510	+0.110%	$41K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2508	+0.038%	$9K	$734K	30x	as long as short
SoDEX ADA-USDshort	+0.0100%	1h	0.2507	+0.021%	$345	$13K	10x
HTX ADA-USDT	+0.0100%	8h	0.2508	+0.034%	$1.4M	$6.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2508	+0.041%	$48.9M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2507	−0.006%	$543K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0115%	8h	0.2511	+0.168%	$21K	$250	20x	as long as short
Lighter ADA	+0.0128%	1h	0.2510	+0.125%	$2.5M	$1.1M	10x	as long as short
Phoenix ADA	+0.0161%	1h	0.2510	+0.101%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2499	−0.318%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2511	+0.161%	$1K	—	15x	as long as short
Backpack ADA_USDC_PERP	+0.0345%	1h	0.2508	+0.045%	$142K	$460K	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0508%	1h	0.2509	+0.085%	$622K	$510K	50x	as long as short
Hyperliquid ADA	+0.0543%	1h	0.2510	+0.121%	$44.9M	$16.0M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0601% / S −0.0547%	1h	0.2507	+0.020%	$135K	—	100x	as long as short