Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: ApeX Omni against Gate−0.284%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)+0.317%+$32 · spread now −0.284%, 7d avg +0.057%

Together, before fees+0.356%+$36 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: ApeX Omni is 0.341% cheaper against Gate than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2463	0.0100	pay 0.0100% / 8h	7h 34m	$97.8M	$58.6M	75x
Short	ApeX Omni ADAUSDT	0.2456	0.0100	get 0.0013% / 1h	34m 52s	$56K	$583K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.284%Rate

Funding earned: $0
Price spread: −0.284% → +0.057%: −$34.15
Slippage, 4 orders: −$21.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$80.74
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 38 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 Gate live order book, 4 min ago	2.04 bp	9.5 bp −$10	15.0 bp −$150	79.9 bp −$7,993	doesn't fit
Sell ApeX Omni live order book, 38 min ago	4.09 bp	11.2 bp −$11	42.7 bp −$427	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	0.2463	−0.015%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2462	−0.041%	$199K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2458	−0.222%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.325%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2458	−0.203%	$417K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2459	−0.175%	$6.2M	$11.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2461	−0.065%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2454	−0.374%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2466	+0.121%	$1.2M	$946K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	+0.022%	$158K	$145K	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	0.2465	+0.081%	$102.2M	$365.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	+0.041%	$72.3M	$103.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	+0.081%	$32.5M	$107.1M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2463	long leg	$97.8M	$58.6M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2465	+0.081%	$52.9M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	+0.073%	$30.2M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2466	+0.122%	$66.2M	$44.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2465	+0.081%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	0.000%	$116K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.117%	$4.2M	$942K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.432%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.406%	$296K	$3.7M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2456	−0.284%	$56K	$583K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	−0.126%	$93K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.203%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	−0.159%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	−0.122%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	−0.171%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2460	−0.119%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	−0.162%	$48.0M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2465	+0.066%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2465	+0.061%	$554K	$1.8M	50x	as long as short
Hyperliquid ADA	+0.0117%	1h	0.2467	+0.171%	$43.0M	$14.4M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0197%	1h	0.2459	−0.146%	$494K	$435K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2458	−0.203%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2460	−0.141%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0625% / S −0.0393%	1h	0.2457	−0.240%	$141K	—	100x	as long as short