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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0148%/8h= −16.2% APRnext payment $0.19 per $10,000 · paid last 24h −0.057%
Price spread now: ApeX Omni against Reya−0.203%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.203% cheaper against Reya than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ADARUSDPERP0.24620.0274pay 0.0034% / 1h14m 46s$1K15x
ShortApeX Omni ADAUSDT0.24570.0126get 0.0016% / 1h14m 46s$79K$893K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. 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
−$31.13
Price spread: −0.203% → 0.000%
−$20.28
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$67.41
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 29 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 Reya no order-book sample
Sell ApeX Omni live order book, 29 min ago2.05 bp8.5 bp −$839.4 bp −$394doesn't fitdoesn't fit
Reya: 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 36 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
Kalshi KXADAPERP0.0000%8h0.24620.000%$201K$7.6M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2461−0.029%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.366%$849$202K12xas long as short
dYdX ADA-USD+0.0039%1h0.2462−0.020%$203K$2K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.24620.000%$6K$5K20xas long as short
Aster ADAUSDT+0.0100%8h0.24620.000%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2462+0.008%$158K$177K10xas long as short
Binance ADAUSDT+0.0100%8h0.2463+0.041%$103.6M$407.4M75xas long as short
Bybit ADAUSDT+0.0100%8h0.24620.000%$73.2M$124.5M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2463+0.041%$32.8M$118.7M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.24620.000%$100.8M$64.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2461−0.040%$52.8M$65.3M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2462+0.004%$29.4M$16.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.24620.000%$67.0M$53.5M75xas long as short
BingX ADA-USDT+0.0100%8h0.24620.000%$20.2Mas long as short
Variational Omni ADA+0.0100%8h0.2462+0.003%$4.2M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2458−0.171%$66K$288K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2457−0.190%$293K$3.9M10xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2462+0.004%$128K$1.3M10xas long as short
SunX ADA-USDT+0.0100%8h0.2463+0.042%$8K$757K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2462+0.021%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2463+0.061%$1.3M$7.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.24620.000%$47.7M$7.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2462−0.008%$516K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0107%8h0.2464+0.064%$21K$25020xas long as short
Coinbase International ADA-PERP-INTX+0.0120%1h0.2461−0.040%$380K$8.4M50xas long as short
ApeX Omni ADAUSDTshort+0.0126%1h0.2457−0.203%$79K$893K50x
Lighter ADA+0.0144%1h0.2464+0.098%$2.4M$1.0M10xas long as short
Phoenix ADA+0.0163%1h0.2457−0.187%$4K$111K10xas long as short
Kraken Futures PF_ADAUSD+0.0169%1h0.2463+0.024%$6.4M$13.9M50xas long as short
Backpack ADA_USDC_PERP+0.0181%1h0.2463+0.045%$140K$484K15xas long as short
BloFin ADA-USDT+0.0220%8h0.2461−0.040%$4.5M$5.9M75xas long as short
Reya ADARUSDPERPlong+0.0274%1h0.2462long leg$1K15x
Hyperliquid ADA+0.0321%1h0.2465+0.106%$43.3M$18.1M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0441%1h0.2463+0.057%$629K$617K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0603% / S −0.0679%1h0.2461−0.049%$156K100xas long as short