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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0181%/8h= +19.8% APRnext payment +$0.23 per $10,000 · paid last 24h +0.074%
Price spread now: Reya against Extended+0.043%48s7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Reya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Reya is 0.043% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ADA-USD0.24580.0104pay 0.0013% / 1h5m 33s$554K$1.8M50x
ShortReya ADARUSDPERP0.24590.0285get 0.0036% / 1h5m 33s$1K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$37.94
Price spread: +0.043% → 0.000%
$4.31
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Reya: 3 bp × 2 orders
−$6
Net
$31.25
Costs to cover
0.110%
Break-even
1.2 days
Slippage unknown: Extended: live order book, 3 min ago; Reya: 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 ago2.04 bp4.5 bp −$57.4 bp −$74doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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%1h0.2457−0.035%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2459+0.060%$171K$6.0M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2459+0.041%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0064%1h0.2453−0.184%$411K$7.3M50xas long as short
Kraken Futures PF_ADAUSD+0.0095%1h0.2459+0.067%$6.2M$11.6M50xas long as short
Lighter ADA+0.0096%1h0.2459+0.052%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2459+0.040%$42.6M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2458+0.012%$1.2M$924K75xas long as short
Pacifica ADA+0.0100%1h0.2457−0.010%$157K$146K10xas long as short
Binance ADAUSDT+0.0100%8h0.2457−0.021%$102.1M$360.4M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2458+0.020%$71.6M$102.0M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2459+0.060%$31.9M$106.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2457−0.021%$97.1M$59.3M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2457−0.021%$52.1M$51.2M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2457−0.009%$30.2M$18.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2458+0.020%$65.9M$43.3M75xas long as short
BingX ADA-USDC+0.0100%8h0.2457−0.021%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2460+0.089%$107K$417K15xas long as short
Variational Omni ADA+0.0100%8h0.2453−0.177%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2454−0.160%$65K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2456−0.066%$295K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2455−0.102%$55K$581K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2459+0.077%$96K$626K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2459+0.060%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2460+0.103%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2460+0.101%$9K$760K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2459+0.060%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2458+0.034%$1.3M$5.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2458+0.020%$47.9M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2459+0.049%$21K$25020xas long as short
Extended ADA-USDlong+0.0104%1h0.2458long leg$554K$1.8M50x
Phoenix ADA+0.0131%1h0.2455−0.086%$4K$74K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2458+0.020%$4.4M$5.4M75xas long as short
Reya ADARUSDPERPshort+0.0285%1h0.2459+0.043%$1K15x
Injective ADA/USDC PERP+0.0288%1h0.2471+0.549%$849$202K12xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0566% / S −0.0313%1h0.2458+0.030%$122K100xas long as short
Deribit ADA_USDC-PERPETUAL+2.4763%1h0.2520+2.551%$492K$376K50xas long as short