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: Variational Omni against Polymarket Perps+0.246%55s7-day average −0.007% · 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 4 days (all we have)−0.005%−$1 on $10k
Price spread, last 4 days (all we have)−0.339%−$34 · spread now +0.246%, 7d avg −0.007%
Together, before fees−0.344%+ Points / potential airdropVariational Omni: Active · farm board−$34 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 0.252% dearer against Polymarket Perps than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ADA-USD0.25080.0100pay 0.0013% / 1h49m 34s$96K$697K10x
ShortVariational Omni ADA0.25140.0100get 0.0100% / 8h3h 49m$4.4M$1.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
$0
Price spread: +0.246% → −0.007%
$25.25
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$17.25
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Polymarket Perps: live order book, 3 min ago; Variational Omni: RFQ quote, 5 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 Polymarket Perps live order book, 3 min ago3.38 bp7.4 bp −$79.3 bp −$93doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 5 min ago8.00 bpdoesn't fit8.0 bp −$80doesn'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%1h0.2500−0.306%$206K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2513+0.203%$186K$6.7M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2506−0.063%$86K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2507−0.022%$6.4M$12.8M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.471%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2508+0.004%$430K$8.1M50xas long as short
Aster ADAUSDT+0.0100%8h0.2505−0.108%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2502−0.239%$161K$168K10xas long as short
Binance ADAUSDT+0.0100%8h0.2499−0.345%$105.3M$378.8M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2497−0.435%$73.6M$110.9M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2499−0.355%$33.5M$109.6M50xas long as short
Gate ADA_USDT+0.0100%8h0.2499−0.355%$101.7M$59.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2499−0.355%$59.9M$60.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2501−0.275%$30.1M$15.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2498−0.395%$67.7M$50.5M75xas long as short
BingX ADA-USDC+0.0100%8h0.2498−0.395%$6.6Mas long as short
Variational Omni ADAshort+0.0100%8h0.2514+0.246%$4.4M$1.1M
edgeX ADAUSDC+0.0100%4h0.2507−0.037%$67K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2506−0.087%$296K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2508+0.004%$231K$749K50xas long as short
Polymarket Perps ADA-USDlong+0.0100%1h0.2508long leg$96K$697K10x
Orderly PERP_ADA_USDC+0.0100%8h0.2507−0.036%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2508−0.014%$41K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2510+0.081%$8K$733K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2507−0.016%$345$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2507−0.031%$1.4M$6.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2507−0.036%$48.9M$6.6M50xas long as short
Extended ADA-USD+0.0104%1h0.2498−0.402%$543K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0115%8h0.2500−0.328%$21K$25020xas long as short
Lighter ADA+0.0136%1h0.2505−0.136%$2.5M$1.1M10xas long as short
Phoenix ADA+0.0161%1h0.2520+0.498%$4K$95K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2518+0.403%$4.6M$5.9M75xas long as short
Reya ADARUSDPERP+0.0278%1h0.2507−0.036%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0367%1h0.2509+0.024%$140K$455K15xas long as short
Hyperliquid ADA+0.0538%1h0.2507−0.032%$44.9M$16.0M10xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0601% / S −0.0547%1h0.2507−0.050%$135K100xas long as short
Deribit ADA_USDC-PERPETUAL+0.1586%1h0.2510+0.104%$623K$510K50xas long as short