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: HTX against OKX−0.143%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on OKX Short on HTX

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)+0.226%+$23 · spread now −0.143%, 7d avg +0.002%

Together, before fees+0.323%+$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: HTX is 0.145% cheaper against OKX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2439	0.0100	pay 0.0100% / 8h	1h 53m	$32.4M	$118.1M	50x
Short	HTX ADA-USDT	0.2436	0.0100	get 0.0100% / 8h	1h 53m	$1.3M	$7.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → +0.002%: −$14.52
Slippage, 4 orders: −$16.6
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$53.12
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; HTX: live order book, 5 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, 5 min ago	2.04 bp	7.0 bp −$7	12.2 bp −$122	35.6 bp −$3,561	doesn't fit
Sell HTX live order book, 5 min ago	1.26 bp	12.9 bp −$13	26.5 bp −$265	63.9 bp −$6,387	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
Kalshi KXADAPERP	0.0000%	8h	0.2438	−0.041%	$192K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2436	−0.106%	$83K	—	150x	as long as short
Phoenix ADA	+0.0032%	1h	0.2439	+0.012%	$4K	$111K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.312%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2437	−0.082%	$6K	$6K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2439	+0.004%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2439	−0.003%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2438	−0.041%	$102.7M	$410.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2438	−0.041%	$72.0M	$124.9M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2439	long leg	$32.4M	$118.1M	50x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2437	−0.082%	$99.6M	$64.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2438	−0.041%	$51.7M	$64.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2438	−0.033%	$29.4M	$15.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2438	−0.041%	$66.3M	$53.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2438	−0.041%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2437	−0.062%	$136K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2435	−0.161%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2437	−0.086%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2442	+0.118%	$287K	$4.0M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2436	−0.139%	$129K	$1.1M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2438	−0.046%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2437	−0.085%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2439	−0.021%	$335	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2436	−0.143%	$1.3M	$7.0M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2437	−0.082%	$47.3M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2438	−0.027%	$511K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2439	+0.002%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2437	−0.082%	$376K	$8.6M	50x	as long as short
Lighter ADA	+0.0168%	1h	0.2440	+0.057%	$2.4M	$1.0M	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0171%	1h	0.2439	−0.014%	$6.3M	$13.8M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2440	+0.041%	$4.4M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2435	−0.163%	$1K	—	15x	as long as short
dYdX ADA-USD	+0.0287%	1h	0.2438	−0.057%	$201K	$2K	10x	as long as short
Hyperliquid ADA	+0.0302%	1h	0.2440	+0.057%	$42.9M	$18.2M	10x	as long as short
ApeX Omni ADAUSDT	+0.0499%	1h	0.2443	+0.164%	$82K	$890K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0728%	1h	0.2436	−0.115%	$163K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0693%	1h	0.2440	+0.049%	$621K	$613K	50x	as long as short