Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.014%

Price spread now: edgeX against Extended+0.117%93s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as 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−$300.303% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.005%+$1 · spread now +0.117%, 7d avg +0.029%

Together, before fees+0.116%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$12 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: edgeX is 0.088% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 93 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	Extended ADA-USD	0.2456	0.0104	pay 0.0013% / 1h	13m 53s	$554K	$1.8M	50x
Short	edgeX ADAUSDC	0.2459	0.0100	get 0.0050% / 4h	1h 13m	$66K	$281K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$0.84
Price spread: +0.117% → +0.029%: $8.75
Slippage, 4 orders: −$16.27
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$22.35
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; edgeX: live order book, 4 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 Extended live order book, 5 min ago	2.03 bp	4.5 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	6.10 bp	10.6 bp −$11	28.6 bp −$286	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	0.2461	+0.210%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2460	+0.163%	$154K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2458	+0.073%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2459	+0.122%	$411K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2458	+0.085%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2460	+0.147%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2457	+0.037%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	+0.074%	$1.2M	$922K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	+0.218%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	+0.020%	$102.0M	$360.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2456	0.000%	$71.5M	$102.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	+0.041%	$31.9M	$105.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.041%	$97.0M	$59.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2456	0.000%	$52.6M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	+0.073%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	0.000%	$65.9M	$43.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2457	+0.041%	—	$18.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2458	+0.094%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2458	+0.089%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2459	+0.117%	$66K	$281K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2458	+0.089%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2460	+0.163%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	+0.094%	$96K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	+0.082%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	+0.106%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	+0.247%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2458	+0.086%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2459	+0.124%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2457	+0.041%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2459	+0.124%	$21K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2456	long leg	$554K	$1.8M	50x
Phoenix ADA	+0.0131%	1h	0.2459	+0.102%	$4K	$74K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0157%	1h	0.2459	+0.110%	$480K	$351K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	+0.244%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2458	+0.064%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.611%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2457	+0.052%	$122K	—	100x	as long as short