Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Derive against Polymarket Perps−0.004%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Derive

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ADA-USD	0.2451	0.0100	pay 0.0013% / 1h	42m 00s	$94K	$687K	10x
Short	Derive ADA-PERP	0.2451	0.0100	get 0.0013% / 1h	42m 00s	$40K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Polymarket Perps. 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 Polymarket PerpsbpFee DerivebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → 0.000%: −$0.35
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$14.35
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 16 min ago; Derive: no order-book sample. 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 Polymarket Perps live order book, 16 min ago	4.29 bp	8.3 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
dYdX ADA-USD	0.0000%	1h	0.2450	−0.026%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2450	−0.024%	$160K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2449	−0.051%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.832%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2453	+0.098%	$432K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2450	−0.038%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2452	+0.061%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2450	−0.024%	$1.2M	$983K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2451	+0.020%	$159K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2454	+0.135%	$103.8M	$373.0M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2453	+0.098%	$71.6M	$111.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	+0.139%	$32.6M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2450	−0.024%	$97.8M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	−0.024%	$61.1M	$60.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.016%	$29.6M	$15.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2452	+0.057%	$65.9M	$50.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2451	+0.016%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2452	+0.053%	$124K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2446	−0.186%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2446	−0.197%	$65K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	−0.106%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2447	−0.147%	$226K	$743K	50x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2451	long leg	$94K	$687K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	−0.024%	$6K	$5K	20x	as long as short
Derive ADA-PERPshort	+0.0100%	1h	0.2451	−0.004%	$40K	$2K	5x
SunX ADA-USDT	+0.0100%	8h	0.2451	+0.017%	$8K	$740K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	−0.004%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.002%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	−0.024%	$47.7M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	−0.010%	$531K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2452	+0.037%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0129%	1h	0.2454	+0.122%	$42.6M	$14.9M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2454	+0.155%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2450	−0.024%	$4.5M	$5.7M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2450	−0.005%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0485%	1h	0.2452	+0.037%	$593K	$494K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0592% / S −0.0547%	1h	0.2449	−0.052%	$132K	—	100x	as long as short