Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Bybit against Gate+0.041%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.041%, 7d avg +0.023%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2454	0.0100	pay 0.0100% / 8h	7h 57m	$100.6M	$61.8M	75x
Short	Bybit ADAUSDT	0.2455	0.0100	get 0.0100% / 8h	7h 57m	$73.2M	$127.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.023%: $1.73
Slippage, 4 orders: −$9.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.6
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	2.04 bp	9.5 bp −$10	14.3 bp −$143	85.5 bp −$8,552	doesn't fit
Sell Bybit live order book, 1 min ago	2.03 bp	7.5 bp −$8	11.1 bp −$111	41.6 bp −$4,160	172.6 bp −$86.3K

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
Phemex ADAUSDT	−0.1162%	8h	0.2455	+0.041%	$47.5M	$7.6M	50x	as long as short
dYdX ADA-USD	0.0000%	1h	0.2458	+0.153%	$202K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	+0.057%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.693%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2456	+0.098%	$2.4M	$995K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2457	+0.122%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	+0.081%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2458	+0.163%	$157K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	+0.064%	$103.8M	$407.7M	75x	as long as short
Bybit ADAUSDTshort	+0.0100%	8h	0.2455	+0.041%	$73.2M	$127.1M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	+0.081%	$32.7M	$119.3M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2454	long leg	$100.6M	$61.8M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2454	0.000%	$52.3M	$66.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	+0.086%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	+0.081%	$66.7M	$54.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2455	+0.041%	—	$20.2M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2454	+0.007%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	−0.055%	$66K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	+0.077%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.081%	$76K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2459	+0.183%	$117K	$1.4M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2453	−0.042%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.169%	$8K	$754K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	+0.102%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2457	+0.108%	$1.3M	$7.2M	75x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2459	+0.198%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	+0.056%	$505K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0105%	8h	0.2459	+0.204%	$232K	$7.7M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2458	+0.163%	$366K	$8.5M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0162%	1h	0.2456	+0.069%	$142K	$486K	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0199%	1h	0.2456	+0.086%	$6.4M	$14.1M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2454	0.000%	$4.5M	$5.9M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2457	+0.130%	$3K	$111K	10x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2457	+0.104%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0361%	1h	0.2457	+0.102%	$43.5M	$18.3M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2456	+0.062%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0483%	1h	0.2458	+0.171%	$638K	$738K	50x	as long as short