Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0465%/8h= +50.9% APRnext payment +$0.58 per $10,000 · paid last 24h +0.053%
Price spread now: GMX against Extended+0.035%7-day average +0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.199%+$20 on $10k
Price spread, last 4 days (all we have)+0.235%+$23 · spread now +0.035%, 7d avg +0.039%
Together, before fees+0.434%+ Points / potential airdropExtended: Active · farm board+$43 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ADA-USD0.24870.0104pay 0.0013% / 1h25m 42s$540K$1.8M50x
ShortGMX ADA/USD [WBTC.b-USDC]0.2488L +0.0615% / S −0.0569%get 0.0071% / 1h25m 42s$138K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$97.6
Price spread: +0.035% → +0.039%
−$0.41
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
$80.19
Costs to cover
0.170%
Break-even
1.2 days
Slippage unknown: Extended: live order book, 3 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago2.00 bp4.5 bp −$56.5 bp −$65doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2487−0.012%$205K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2490+0.129%$147K$6.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2488+0.051%$85K150xas long as short
Kraken Futures PF_ADAUSD+0.0026%1h0.2488+0.050%$6.4M$13.0M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−0.635%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2489+0.089%$385K$8.2M50xas long as short
Lighter ADA+0.0096%1h0.2488+0.053%$2.5M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2487−0.006%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2487+0.016%$160K$169K10xas long as short
Binance ADAUSDT+0.0100%8h0.2488+0.053%$106.1M$384.7M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2487+0.008%$75.1M$113.9M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2489+0.089%$33.3M$110.7M50xas long as short
Gate ADA_USDT+0.0100%8h0.2486−0.032%$101.5M$61.4M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2487+0.008%$60.2M$62.2M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2486−0.024%$29.8M$15.3M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2486−0.032%$67.6M$51.5M75xas long as short
BingX ADA-USDT+0.0100%8h0.2487+0.008%$20.1Mas long as short
Variational Omni ADA+0.0100%8h0.2486−0.030%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2504+0.709%$67K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2503+0.661%$293K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2505+0.732%$231K$753K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2490+0.141%$93K$625K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2488+0.049%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2489+0.083%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2489+0.087%$8K$737K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2488+0.069%$342$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2489+0.104%$1.3M$6.7M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2488+0.049%$48.5M$6.9M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2487+0.009%$21K$25020xas long as short
Extended ADA-USDlong+0.0104%1h0.2487long leg$540K$1.8M50x
Phoenix ADA+0.0161%1h0.2510+0.913%$4K$95K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2492+0.209%$4.6M$5.9M75xas long as short
Backpack ADA_USDC_PERP+0.0263%1h0.2488+0.053%$137K$462K15xas long as short
Reya ADARUSDPERP+0.0277%1h0.2489+0.087%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0433%1h0.2489+0.105%$612K$533K50xas long as short
Hyperliquid ADA+0.0438%1h0.2488+0.057%$44.5M$16.0M10xas long as short
GMX ADA/USD [WBTC.b-USDC]shortL +0.0615% / S −0.0569%1h0.2488+0.035%$138K100x