Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: dYdX against HTX+0.023%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$295as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2762.765% of the position

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.023%, 7d avg −0.024%

Together, before fees−0.358%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.047% dearer against HTX than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.024%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2439	0.0100	pay 0.0100% / 8h	19m 29s	$1.3M	$7.1M	75x
Short	dYdX ADA-USD	0.2439	0	get 0.0000% / 1h	19m 29s	$201K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$21
Price spread: +0.023% → −0.024%: $4.66
Slippage, 4 orders: −$254.47
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$292.81
Costs to cover: 2.765%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; dYdX: live order book, 20 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, 5 min ago	1.70 bp	12.8 bp −$13	29.4 bp −$294	64.5 bp −$6,451	doesn't fit
Sell dYdX live order book, 20 min ago	122.10 bp	127.1 bp −$127	168.8 bp −$1,688	217.1 bp −$21.7K	648.8 bp −$324.4K

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-USDshort	0.0000%	1h	0.2439	+0.023%	$201K	$2K	10x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	+0.146%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.319%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2442	+0.146%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2438	−0.034%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2443	+0.171%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2441	+0.101%	$156K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2444	+0.212%	$103.1M	$407.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2443	+0.171%	$72.7M	$126.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2444	+0.212%	$32.5M	$118.4M	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	0.2440	+0.048%	$99.7M	$65.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2443	+0.171%	$51.8M	$65.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2443	+0.175%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2443	+0.171%	$66.4M	$54.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2443	+0.171%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2441	+0.076%	$138K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	−0.031%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2439	+0.009%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2440	+0.049%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2440	+0.048%	$77K	$894K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2443	+0.175%	$116K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	+0.072%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2440	+0.067%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2440	+0.027%	$336	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2439	long leg	$1.3M	$7.1M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2439	+0.007%	$47.2M	$7.6M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2445	+0.244%	$42.9M	$18.1M	10x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2442	+0.117%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2441	+0.083%	$500K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2439	+0.007%	$245K	$7.7M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2437	−0.075%	$378K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2440	+0.048%	$4.5M	$5.8M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2441	+0.076%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2443	+0.171%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0281%	1h	0.2440	+0.029%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2439	+0.010%	$86K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0529%	1h	0.2440	+0.068%	$621K	$614K	50x	as long as short