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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0176%/8h= −19.2% APRpaid last 24h −0.058%
Price spread now: HTX against Reya−0.062%47s7-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 −$5 a day on $10k at the current rate, and HTX is 0.062% cheaper against Reya than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ADARUSDPERP0.24200.0276pay 0.0034% / 1h24m 22s$1K15x
ShortHTX ADA-USDT0.24190.0100get 0.0100% / 8h2h 24m$1.3M$6.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$36.88
Price spread: −0.062% → 0.000%
−$6.18
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
−$61.06
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; HTX: live order book, 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 Reya no order-book sample
Sell HTX live order book, 5 min ago2.19 bp13.5 bp −$1325.3 bp −$25372.2 bp −$7,217doesn'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 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
Kalshi KXADAPERP0.0000%8h0.2413−0.290%$193K$7.4M3.2xas long as short
dYdX ADA-USD+0.0002%1h0.2417−0.113%$199K$2K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2419−0.028%$83K150xas long as short
Kraken Futures PF_ADAUSD+0.0020%1h0.2422+0.092%$6.2M$13.7M50xas long as short
Phoenix ADA+0.0032%1h0.2421+0.024%$4K$105K10xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+2.107%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.2419−0.038%$2.4M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h0.2420+0.020%$41.6M$17.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2420−0.006%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2419−0.053%$155K$176K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2422+0.076%$101.8M$406.9M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2421+0.041%$70.9M$122.9M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2423+0.123%$32.1M$116.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2419−0.042%$98.4M$64.5M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2421+0.041%$52.5M$64.8M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2420−0.005%$29.0M$15.8M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2421+0.041%$65.8M$53.0M75xas long as short
BingX ADA-USDT+0.0100%8h0.2421+0.041%$20.1Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2415−0.191%$125K$478K15xas long as short
Variational Omni ADA+0.0100%8h0.2414−0.244%$4.1M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2410−0.399%$64K$285K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2424+0.181%$284K$4.0M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2408−0.496%$84K$882K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2419−0.058%$115K$914K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2421+0.041%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2422+0.075%$39K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2422+0.080%$8K$764K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2423+0.123%$333$13K10xas long as short
HTX ADA-USDTshort+0.0100%8h0.2419−0.062%$1.3M$6.9M75x
Phemex ADAUSDT+0.0100%8h0.2416−0.166%$47.1M$7.3M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2421+0.054%$20K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2421+0.054%$519K$1.8M50xas long as short
Coinbase International ADA-PERP-INTX+0.0104%1h0.2418−0.083%$378K$8.4M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2417−0.125%$4.4M$5.8M75xas long as short
Reya ADARUSDPERPlong+0.0276%1h0.2420long leg$1K15x
GMX ADA/USD [WBTC.b-USDC]L +0.0628% / S −0.0701%1h0.2419−0.039%$157K100xas long as short
Deribit ADA_USDC-PERPETUAL+0.0700%1h0.2423+0.123%$603K$597K50xas long as short