Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h 0.000%

Price spread now: edgeX against Paradex+0.255%52s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · edgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.255% dearer against Paradex than usual: you sell high and buy low, +$25 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ADA-USD-PERP	0.2434	0.0105	pay 0.0105% / 8h	1h 46m	$20K	$250	20x
Short	edgeX ADAUSDC	0.2440	0.0100	get 0.0050% / 4h	1h 46m	$65K	$287K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Paradex. 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 ParadexbpFee edgeXbpOrdersPrice spread, now +0.255%Rate

Funding earned: −$1.07
Price spread: +0.255% → 0.000%: $25.49
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $11.42
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 62 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell edgeX live order book, 62 min ago	6.07 bp	10.6 bp −$11	28.1 bp −$281	doesn't fit	doesn't fit

Paradex: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXADAPERP	0.0000%	8h	0.2433	−0.033%	$191K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2432	−0.094%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.529%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2432	−0.074%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2431	−0.107%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2433	−0.034%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2432	−0.074%	$102.3M	$410.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2431	−0.115%	$71.9M	$125.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2432	−0.074%	$32.3M	$117.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2431	−0.115%	$99.4M	$64.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDT	+0.0100%	8h	0.2432	−0.074%	$51.7M	$64.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2431	−0.111%	$29.3M	$15.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2431	−0.115%	$66.0M	$53.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2431	−0.115%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2432	−0.066%	$139K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	+0.136%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2440	+0.255%	$65K	$287K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2437	+0.112%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2439	+0.214%	$81K	$890K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2431	−0.127%	$125K	$1.2M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2432	−0.081%	$39K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2434	+0.007%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2433	−0.033%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2432	−0.093%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2431	−0.115%	$47.2M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2431	−0.096%	$511K	$1.8M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0105%	8h	0.2434	long leg	$20K	$250	20x
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2438	+0.173%	$375K	$8.6M	50x	as long as short
dYdX ADA-USD	+0.0133%	1h	0.2432	−0.071%	$200K	$2K	10x	as long as short
Lighter ADA	+0.0136%	1h	0.2433	−0.041%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2441	+0.292%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0171%	1h	0.2432	−0.094%	$6.3M	$13.8M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2438	+0.173%	$4.4M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2431	−0.135%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0287%	1h	0.2434	0.000%	$42.7M	$18.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0490%	1h	0.2433	−0.049%	$619K	$612K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0728%	1h	0.2430	−0.145%	$163K	—	100x	as long as short