Funding arb · Price arb /

ADA

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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: HTX against Extended+0.055%7-day average +0.048% · 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−$29as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Extended Short on HTX

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)+0.128%+$13 · spread now +0.055%, 7d avg +0.048%

Together, before fees+0.239%+ Points / potential airdropExtended: Active · farm board+$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2458	0.0104	pay 0.0013% / 1h	47m 02s	$559K	$1.8M	50x
Short	HTX ADA-USDT	0.2459	0.0100	get 0.0100% / 8h	1h 47m	$1.3M	$5.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$0.84
Price spread: +0.055% → +0.048%: $0.77
Slippage, 4 orders: −$12.71
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.77
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	2.03 bp	4.5 bp −$5	7.3 bp −$73	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	1.53 bp	11.5 bp −$11	23.1 bp −$231	54.2 bp −$5,422	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	0.2458	+0.005%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2459	+0.035%	$156K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2457	−0.062%	$84K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0035%	1h	0.2457	−0.026%	$477K	$350K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2457	−0.046%	$420K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2456	−0.096%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2458	−0.022%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2457	−0.026%	$42.6M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	−0.072%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2460	+0.084%	$157K	$147K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2457	−0.046%	$101.7M	$355.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2458	−0.005%	$71.1M	$99.7M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2458	−0.005%	$31.8M	$105.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2456	−0.087%	$96.8M	$57.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2458	−0.005%	$53.0M	$50.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2457	−0.058%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2458	−0.005%	$65.8M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2457	−0.046%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	−0.050%	$102K	$414K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	−0.278%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	−0.215%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2451	−0.290%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	−0.168%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	+0.084%	$97K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2457	−0.046%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2457	−0.030%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	−0.006%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	−0.066%	$338	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2459	+0.055%	$1.3M	$5.1M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2456	−0.087%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2461	+0.101%	$21K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2458	long leg	$559K	$1.8M	50x
Phoenix ADA	+0.0131%	1h	0.2455	−0.140%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	−0.087%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2459	+0.045%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.534%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2456	−0.076%	$122K	—	100x	as long as short