Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Polymarket Perps+0.085%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Polymarket Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)−0.294%−$29 · spread now +0.085%, 7d avg +0.008%

Together, before fees−0.042%+ Points / potential airdropPacifica: Active · farm board−$4 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: Pacifica is 0.078% dearer against Polymarket Perps than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ADA-USD	0.2467	0.0100	pay 0.0013% / 1h	54m 15s	$93K	$634K	10x
Short	Pacifica ADA	0.2469	0.0100	get 0.0013% / 1h	54m 15s	$158K	$170K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.008%: $7.75
Slippage, 4 orders: −$20.61
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$28.86
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 59 min ago; Pacifica: live order book, 58 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 Polymarket Perps live order book, 59 min ago	3.38 bp	7.4 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell Pacifica live order book, 58 min ago	4.36 bp	11.6 bp −$12	doesn't fit	doesn't fit	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
dYdX ADA-USD	0.0000%	1h	0.2469	+0.080%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2469	+0.073%	$136K	$7.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	−0.075%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0019%	1h	0.2467	−0.002%	$6.3M	$13.3M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.154%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2469	+0.061%	$2.4M	$986K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2469	+0.069%	$43.9M	$16.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2468	+0.021%	$1.2M	$1.1M	75x	as long as short
Pacifica ADAshort	+0.0100%	1h	0.2469	+0.085%	$158K	$170K	10x
Binance ADAUSDT	+0.0100%	8h	0.2467	−0.019%	$103.9M	$393.0M	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	0.2465	−0.089%	$73.3M	$117.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2466	−0.049%	$33.0M	$112.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2465	−0.089%	$99.7M	$62.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2466	−0.049%	$58.9M	$62.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2466	−0.061%	$29.6M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2466	−0.049%	$66.9M	$51.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2465	−0.089%	—	$19.9M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	+0.116%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2468	+0.027%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2471	+0.164%	$289K	$4.0M	10x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2467	long leg	$93K	$634K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2466	−0.049%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	−0.035%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2467	−0.007%	$8K	$748K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2467	−0.024%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2470	+0.110%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2466	−0.049%	$48.1M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2469	+0.069%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2466	−0.055%	$534K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2469	+0.073%	$410K	$8.3M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0112%	1h	0.2466	−0.053%	$123K	$456K	15x	as long as short
Phoenix ADA	+0.0161%	1h	0.2469	+0.069%	$4K	$105K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2470	+0.113%	$4.5M	$5.8M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0237%	1h	0.2467	−0.012%	$607K	$534K	50x	as long as short
ApeX Omni ADAUSDT	+0.0245%	1h	0.2470	+0.113%	$228K	$758K	50x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2466	−0.048%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0624% / S −0.0585%	1h	0.2465	−0.091%	$140K	—	100x	as long as short