Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.003%
Price spread now: edgeX against Injective−0.400%7-day average +0.306% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.105%+$11 on $10k
Price spread, last 3 days (all we have)+1.344%+$134 · spread now −0.400%, 7d avg +0.306%
Together, before fees+1.450%+ Points / potential airdropedgeX: Active · farm board+$145 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.706% cheaper against Injective than usual: you would sell low and buy high (spread −0.400% now, against its 7-day average of +0.306%). If the spread goes back, that is −$71 on $10k: about 35 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ADA/USDC PERP0.24710.0033pay 0.0004% / 1h33m 03s$849$202K12x
ShortedgeX ADAUSDC0.24610.0100get 0.0050% / 4h3h 33m$65K$282K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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

Funding earned
$14
Price spread: −0.400% → +0.306%
−$70.59
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$65.61
Costs to cover
0.090%
Break-even
39.8 days
Slippage unknown: Injective: no order-book sample; edgeX: live order book, 40 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell edgeX live order book, 40 min ago6.14 bp10.8 bp −$1129.9 bp −$299doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2465−0.259%$203K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2465−0.243%$190K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2465−0.262%$85K150xas long as short
Injective ADA/USDC PERPlong+0.0033%1h0.2471long leg$849$202K12x
Coinbase International ADA-PERP-INTX+0.0040%1h0.2466−0.202%$423K$7.3M50xas long as short
Kraken Futures PF_ADAUSD+0.0047%1h0.2466−0.210%$6.2M$11.7M50xas long as short
Lighter ADA+0.0096%1h0.2467−0.142%$2.5M$1.1M10xas long as short
Phoenix ADA+0.0098%1h0.2467−0.178%$4K$84K10xas long as short
Aster ADAUSDT+0.0100%8h0.2466−0.202%$1.2M$947K75xas long as short
Pacifica ADA+0.0100%1h0.2465−0.225%$158K$145K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2466−0.202%$102.2M$365.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2465−0.243%$72.2M$104.0M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2465−0.243%$32.6M$107.1M50xas long as short
Gate ADA_USDT+0.0100%8h0.2464−0.283%$97.9M$58.7M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2466−0.202%$52.8M$51.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2466−0.214%$30.2M$17.9M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2466−0.202%$66.2M$44.0M75xas long as short
BingX ADA-USDC+0.0100%8h0.2465−0.243%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2466−0.190%$118K$408K15xas long as short
Variational Omni ADA+0.0100%8h0.2460−0.440%$4.2M$942Kas long as short
edgeX ADAUSDCshort+0.0100%4h0.2461−0.400%$65K$282K20x
GRVT ADA_USDT_Perp+0.0100%8h0.2462−0.368%$288K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2456−0.607%$56K$583K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2465−0.223%$94K$645K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2465−0.243%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2466−0.219%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2467−0.163%$9K$765K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2465−0.223%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2466−0.220%$1.3M$5.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2464−0.283%$48.1M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0102%8h0.2466−0.185%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2465−0.243%$554K$1.8M50xas long as short
Hyperliquid ADA+0.0130%1h0.2468−0.109%$43.1M$14.4M10xas long as short
BloFin ADA-USDT+0.0220%8h0.2465−0.243%$4.4M$5.5M75xas long as short
Deribit ADA_USDC-PERPETUAL+0.0277%1h0.2466−0.194%$495K$435K50xas long as short
Reya ADARUSDPERP+0.0283%1h0.2466−0.201%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0626% / S −0.0393%1h0.2464−0.279%$142K100xas long as short