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

ADA

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SwapBacktest
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: Variational Omni against OKX+0.487%7-day average −0.001% · you sell dearer than you buy
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 3 days (all we have)0.000%$0 on $10k
Price spread, last 7 days−0.499%−$50 · spread now +0.487%, 7d avg −0.001%
Together, before fees−0.499%+ Points / potential airdropVariational Omni: Active · farm board−$50 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: Variational Omni is 0.487% dearer against OKX than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ADA-USDT-SWAP0.24680.0100pay 0.0100% / 8h5h 11m$32.8M$106.5M50x
ShortVariational Omni ADA0.24800.0100get 0.0100% / 8h5h 11m$4.3M$1.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational 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

Funding earned
$0
Price spread: +0.487% → −0.001%
$48.74
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$38.74
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: OKX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 OKX live order book, 2 min ago2.02 bp7.0 bp −$712.1 bp −$12150.4 bp −$5,038doesn't fit
Sell Variational Omni RFQ quote, 2 min ago8.08 bpdoesn't fit12.1 bp −$121doesn't fitdoesn't fit

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%1h0.2469+0.024%$203K$3K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2467−0.026%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.122%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2465−0.122%$417K$7.7M50xas long as short
Aster ADAUSDT+0.0100%8h0.2467−0.023%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2470+0.073%$158K$162K10xas long as short
Binance ADAUSDT+0.0100%8h0.2467−0.037%$104.7M$372.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2466−0.081%$72.0M$110.8M75xas long as short
OKX ADA-USDT-SWAPlong+0.0100%8h0.2468long leg$32.8M$106.5M50x
Gate ADA_USDT+0.0100%8h0.2465−0.122%$99.1M$60.6M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ADA_USDT+0.0100%8h0.2466−0.081%$61.8M$60.9M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2467−0.032%$29.7M$16.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2467−0.041%$66.3M$49.8M75xas long as short
BingX ADA-USDT+0.0100%8h0.2467−0.041%$20.0Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2466−0.073%$133K$438K15xas long as short
Variational Omni ADAshort+0.0100%8h0.2480+0.487%$4.3M$1.1M
edgeX ADAUSDC+0.0100%4h0.2481+0.524%$66K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2481+0.527%$294K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2480+0.486%$229K$736K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2467−0.036%$94K$680K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2467−0.041%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2468−0.016%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2468+0.001%$8K$743K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2467−0.032%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2468−0.010%$1.3M$6.2M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2467−0.041%$48.0M$6.5M50xas long as short
Kalshi KXADAPERP+0.0100%8h0.2472+0.162%$160K$6.3M3.2xas long as short
Extended ADA-USD+0.0104%1h0.2466−0.086%$537K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0109%8h0.2470+0.062%$21K$25020xas long as short
Hyperliquid ADA+0.0132%1h0.2468−0.012%$43.2M$14.6M10xas long as short
Lighter ADA+0.0160%1h0.2468−0.012%$2.4M$1.1M10xas long as short
Phoenix ADA+0.0163%1h0.2477+0.373%$4K$90K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2476+0.324%$4.5M$5.8M75xas long as short
Kraken Futures PF_ADAUSD+0.0260%1h0.2467−0.060%$6.3M$12.7M50xas long as short
Reya ADARUSDPERP+0.0279%1h0.2467−0.042%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0358%1h0.2468−0.004%$583K$443K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0485% / S −0.0279%1h0.2467−0.053%$108K100xas long as short