Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against HTX+0.035%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.413%−$41 · spread now +0.035%, 7d avg −0.004%

Together, before fees−0.432%−$43 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 0.039% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2442	0.0100	pay 0.0100% / 8h	7h 31m	$1.3M	$7.2M	75x
Short	ApeX Omni ADAUSDT	0.2443	0.0100	get 0.0013% / 1h	31m 31s	$74K	$895K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.004%: $3.87
Slippage, 4 orders: −$29.37
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$47.51
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; ApeX Omni: live order book, 67 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 HTX live order book, 3 min ago	4.13 bp	12.1 bp −$12	41.2 bp −$412	72.8 bp −$7,276	doesn't fit
Sell ApeX Omni live order book, 67 min ago	6.13 bp	13.2 bp −$13	36.9 bp −$369	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
Kalshi KXADAPERP	0.0000%	8h	0.2443	+0.035%	$190K	$7.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	−0.072%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.181%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2443	+0.043%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2443	+0.031%	$42.9M	$18.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2442	+0.010%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2442	−0.007%	$156K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2443	+0.035%	$103.2M	$406.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2441	−0.047%	$72.6M	$127.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2443	+0.035%	$32.5M	$117.9M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2441	−0.047%	$99.8M	$62.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2441	−0.047%	$58.7M	$68.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2441	−0.039%	$29.3M	$15.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2442	−0.006%	$66.3M	$53.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2442	−0.006%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2441	−0.035%	$136K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	+0.407%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2444	+0.087%	$65K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	+0.387%	$290K	$3.7M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2443	+0.035%	$74K	$895K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2442	−0.027%	$116K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2442	−0.006%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.466%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	+0.068%	$8K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2441	−0.043%	$336	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2442	long leg	$1.3M	$7.2M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2442	−0.006%	$47.2M	$7.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	−0.012%	$541K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2442	−0.025%	$20K	—	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2439	−0.129%	$365K	$8.4M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2451	+0.350%	$2K	$113K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0200%	1h	0.2441	−0.040%	$6.3M	$14.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2448	+0.240%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2442	−0.026%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0368% / S −0.0295%	1h	0.2441	−0.059%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0487%	1h	0.2443	+0.047%	$634K	$739K	50x	as long as short
dYdX ADA-USD	+0.0756%	1h	0.2440	−0.080%	$203K	$3K	10x	as long as short