Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against HTX−0.055%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.055%, 7d avg −0.003%

Together, before fees−0.169%−$17 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: OKX is 0.052% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2490	0.0100	pay 0.0100% / 8h	3h 26m	$1.3M	$6.7M	75x
Short	OKX ADA-USDT-SWAP	0.2489	0.0100	get 0.0100% / 8h	3h 26m	$33.4M	$110.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.003%: −$5.22
Slippage, 4 orders: −$15.1
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.33
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; OKX: 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	2.24 bp	12.0 bp −$12	24.3 bp −$243	54.9 bp −$5,487	doesn't fit
Sell OKX live order book, 2 min ago	2.00 bp	7.0 bp −$7	13.3 bp −$133	45.4 bp −$4,539	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	0.2490	−0.033%	$205K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2493	+0.106%	$149K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2489	−0.043%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2491	+0.012%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.778%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2494	+0.146%	$386K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2493	+0.098%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2491	+0.044%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2490	−0.010%	$160K	$169K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2491	+0.044%	$106.3M	$383.8M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2488	−0.095%	$75.1M	$113.8M	75x	as long as short
OKX ADA-USDT-SWAPshort	+0.0100%	8h	0.2489	−0.055%	$33.4M	$110.7M	50x
Gate ADA_USDT	+0.0100%	8h	0.2489	−0.055%	$101.9M	$61.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2491	+0.025%	$60.2M	$62.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2491	+0.025%	$29.9M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2489	−0.055%	$67.7M	$51.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2489	−0.055%	—	$20.1M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2504	+0.550%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2504	+0.564%	$67K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2503	+0.516%	$293K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2505	+0.587%	$231K	$753K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2490	+0.001%	$93K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2489	−0.055%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2489	−0.052%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2490	−0.017%	$8K	$737K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2491	+0.025%	$343	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2490	long leg	$1.3M	$6.7M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2491	+0.025%	$48.5M	$6.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2490	−0.007%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2491	+0.016%	$543K	$1.8M	50x	as long as short
Phoenix ADA	+0.0161%	1h	0.2510	+0.768%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2492	+0.065%	$4.6M	$5.9M	75x	as long as short
Backpack ADA_USDC_PERP	+0.0273%	1h	0.2490	+0.005%	$138K	$461K	15x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2490	+0.003%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0452%	1h	0.2492	+0.077%	$44.6M	$16.0M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0473%	1h	0.2490	−0.007%	$612K	$533K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0615% / S −0.0569%	1h	0.2489	−0.065%	$138K	—	100x	as long as short