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: Gate against HTX−0.184%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.184%, 7d avg −0.050%

Together, before fees+0.030%+$3 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: Gate is 0.134% cheaper against HTX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2463	0.0100	pay 0.0100% / 8h	7h 56m	$1.3M	$7.2M	75x
Short	Gate ADA_USDT	0.2458	0.0100	get 0.0100% / 8h	7h 56m	$100.8M	$61.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.184%Rate

Funding earned: $0
Price spread: −0.184% → −0.050%: −$13.42
Slippage, 4 orders: −$16.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.26
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	2.36 bp	11.9 bp −$12	27.6 bp −$276	63.3 bp −$6,325	doesn't fit
Sell Gate live order book, 2 min ago	2.04 bp	10.7 bp −$11	15.6 bp −$156	82.2 bp −$8,216	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
Phemex ADAUSDT	−0.0054%	8h	0.2460	−0.103%	$47.6M	$7.6M	50x	as long as short
dYdX ADA-USD	0.0000%	1h	0.2459	−0.151%	$202K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	−0.086%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.344%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2461	−0.046%	$2.4M	$996K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2460	−0.110%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2460	−0.107%	$158K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2459	−0.143%	$104.0M	$407.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2458	−0.184%	$73.3M	$127.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	−0.225%	$32.8M	$119.3M	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_USDTshort	+0.0100%	8h	0.2458	−0.184%	$100.8M	$61.8M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2459	−0.143%	$54.3M	$66.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	−0.107%	$29.6M	$16.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	−0.143%	$66.7M	$54.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2459	−0.143%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2454	−0.340%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2455	−0.321%	$66K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.386%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	−0.346%	$76K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	−0.099%	$117K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	−0.062%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	−0.018%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	−0.096%	$8K	$754K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	−0.042%	$339	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2463	long leg	$1.3M	$7.2M	75x
Paradex ADA-USD-PERP	+0.0104%	8h	0.2460	−0.108%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2459	−0.149%	$505K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0105%	8h	0.2458	−0.184%	$232K	$7.7M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2456	−0.265%	$365K	$8.5M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0191%	1h	0.2463	+0.031%	$142K	$486K	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0198%	1h	0.2462	−0.035%	$6.4M	$14.1M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	−0.062%	$4.5M	$5.9M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2460	−0.107%	$3K	$113K	10x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2460	−0.121%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2460	−0.100%	$87K	—	100x	as long as short
Hyperliquid ADA	+0.0380%	1h	0.2463	+0.007%	$43.6M	$18.3M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0603%	1h	0.2463	+0.007%	$639K	$738K	50x	as long as short