Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX+0.573%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs+$23as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.242%+$24 · spread now +0.573%, 7d avg +0.009%

Together, before fees+0.321%+$32 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 0.564% dearer against OKX than usual: you sell high and buy low, +$56 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2443	0.0100	pay 0.0100% / 8h	37m 04s	$32.4M	$118.2M	50x
Short	ApeX Omni ADAUSDT	0.2457	0.0100	get 0.0013% / 1h	37m 04s	$78K	$894K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.573%Rate

Funding earned: $0
Price spread: +0.573% → +0.009%: $56.43
Slippage, 4 orders: −$13.07
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $23.36
Costs to cover: 0.331%
Break-even: from the start

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	2.04 bp	7.0 bp −$7	13.9 bp −$139	38.2 bp −$3,817	doesn't fit
Sell ApeX Omni live order book, 67 min ago	2.05 bp	8.5 bp −$8	39.4 bp −$394	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
dYdX ADA-USD	0.0000%	1h	0.2442	−0.061%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	−0.108%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.146%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2442	−0.053%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	−0.123%	$6K	$5K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2441	−0.067%	$42.9M	$18.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2442	−0.059%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	+0.002%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2442	−0.041%	$102.8M	$408.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2441	−0.082%	$72.2M	$126.0M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2443	long leg	$32.4M	$118.2M	50x
Gate ADA_USDT	+0.0100%	8h	0.2440	−0.123%	$99.7M	$65.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2438	−0.205%	$51.7M	$65.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2439	−0.180%	$29.4M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2441	−0.082%	$66.4M	$54.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2442	−0.041%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	−0.053%	$139K	$486K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2455	+0.492%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2448	+0.190%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	+0.105%	$286K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2457	+0.573%	$78K	$894K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2441	−0.078%	$119K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2445	+0.076%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2443	−0.001%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2440	−0.102%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2441	−0.094%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2440	−0.123%	$47.3M	$7.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2444	+0.033%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2440	−0.129%	$514K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0107%	8h	0.2441	−0.082%	$193K	$7.6M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2441	−0.082%	$368K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2440	−0.123%	$4.4M	$5.8M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2459	+0.643%	$4K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2441	−0.082%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0281%	1h	0.2440	−0.135%	$6.3M	$14.0M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0488%	1h	0.2442	−0.049%	$622K	$614K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0601% / S −0.0679%	1h	0.2440	−0.129%	$155K	—	100x	as long as short