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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against Pacifica−0.256%52s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$470.468% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 4 days (all we have)+0.345%+$34 · spread now −0.256%, 7d avg −0.010%
Together, before fees+0.357%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$36 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: edgeX is 0.246% cheaper against Pacifica than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ADA0.25130.0100pay 0.0013% / 1h50m 02s$163K$160K10x
ShortedgeX ADAUSDC0.25070.0100get 0.0050% / 4h3h 50m$67K$284K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Pacifica. 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: −0.256% → −0.010%
−$24.59
Slippage, 4 orders
−$29.75
Fee Pacifica: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$71.34
Costs to cover
0.468%
Break-even
never at this rate
Slippage from Pacifica: live order book, 3 min ago; edgeX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 3 min ago4.36 bp10.3 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 3 min ago7.95 bp12.4 bp −$1226.8 bp −$268doesn'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%1h0.2512−0.038%$207K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2513−0.016%$186K$6.7M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2506−0.281%$86K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2507−0.240%$6.4M$12.8M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.687%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2508−0.214%$430K$8.1M50xas long as short
Aster ADAUSDT+0.0100%8h0.2507−0.240%$1.2M$1.0M75xas long as short
Pacifica ADAlong+0.0100%1h0.2513long leg$163K$160K10x
Binance ADAUSDT+0.0100%8h0.2508−0.214%$105.7M$378.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2506−0.294%$73.9M$110.7M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2507−0.254%$33.5M$109.7M50xas long as short
Gate ADA_USDT+0.0100%8h0.2507−0.254%$101.9M$59.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2507−0.254%$60.4M$60.4M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2508−0.230%$30.2M$15.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2507−0.254%$68.0M$50.4M75xas long as short
BingX ADA-USDC+0.0100%8h0.2508−0.214%$6.6Mas long as short
Variational Omni ADA+0.0100%8h0.2514+0.027%$4.4M$1.1Mas long as short
edgeX ADAUSDCshort+0.0100%4h0.2507−0.256%$67K$284K20x
GRVT ADA_USDT_Perp+0.0100%8h0.2506−0.305%$296K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2508−0.214%$231K$749K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2508−0.218%$96K$697K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2507−0.254%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2508−0.232%$41K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2510−0.138%$8K$733K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2507−0.234%$345$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2507−0.249%$1.4M$6.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2507−0.254%$48.9M$6.6M50xas long as short
Extended ADA-USD+0.0104%1h0.2507−0.262%$546K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0115%8h0.2509−0.171%$21K$25020xas long as short
Lighter ADA+0.0128%1h0.2511−0.107%$2.5M$1.1M10xas long as short
Phoenix ADA+0.0161%1h0.2520+0.279%$4K$95K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2518+0.183%$4.6M$5.9M75xas long as short
Reya ADARUSDPERP+0.0278%1h0.2507−0.254%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0367%1h0.2509−0.195%$140K$455K15xas long as short
Hyperliquid ADA+0.0542%1h0.2510−0.135%$44.9M$16.0M10xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0601% / S −0.0547%1h0.2507−0.269%$135K100xas long as short
Deribit ADA_USDC-PERPETUAL+0.1586%1h0.2510−0.115%$623K$510K50xas long as short