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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h 0.000%
Price spread now: Paradex against SoDEX−0.106%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 airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.106% cheaper against SoDEX than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ADA-USD0.24400.0100pay 0.0013% / 1h38m 48s$336$13K10x
ShortParadex ADA-USD-PERP0.24380.0105get 0.0105% / 8h6h 38m$20K$25020x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against SoDEX. 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
$1.02
Price spread: −0.106% → 0.000%
−$10.64
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$21.62
Costs to cover
0.120%
Break-even
155.7 days
Slippage unknown: SoDEX: no order-book sample; Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Paradex no order-book sample
SoDEX and Paradex: 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
dYdX ADA-USD0.0000%1h0.2439−0.077%$201K$4K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2440−0.002%$83K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+1.250%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0048%1h0.2439−0.061%$402K$7.4M50xas long as short
Gate ADA_USDT+0.0091%8h0.2439−0.061%$97.7M$59.2M75xas long as short
Lighter ADA+0.0096%1h0.2441+0.029%$2.4M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h0.2441+0.039%$42.6M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2441+0.012%$1.2M$973K75xas long as short
Pacifica ADA+0.0100%1h0.2438−0.083%$158K$158K10xas long as short
Binance ADAUSDT+0.0100%8h0.2441+0.020%$101.9M$377.0M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2440−0.020%$71.5M$109.0M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2441+0.020%$32.4M$108.2M50xas long as short
MEXC ADA_USDT+0.0100%8h0.2441+0.020%$49.1M$51.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2441+0.033%$29.8M$18.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2440−0.020%$65.4M$46.9M75xas long as short
BingX ADA-USDT+0.0100%8h0.2440−0.020%$20.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2442+0.045%$127K$425K15xas long as short
Variational Omni ADA+0.0100%8h0.2439−0.056%$4.2M$992Kas long as short
edgeX ADAUSDC+0.0100%4h0.2457+0.661%$65K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2442+0.057%$291K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2455+0.594%$56K$588K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2440−0.029%$91K$663K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2440−0.020%$6K$28K20xas long as short
Derive ADA-PERP+0.0100%1h0.2441+0.014%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2441+0.021%$9K$774K30xas long as short
SoDEX ADA-USDlong+0.0100%1h0.2440long leg$336$13K10x
HTX ADA-USDT+0.0100%8h0.2438−0.088%$1.3M$5.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2441+0.020%$47.5M$6.4M50xas long as short
Extended ADA-USD+0.0104%1h0.2440−0.004%$530K$1.8M50xas long as short
Paradex ADA-USD-PERPshort+0.0105%8h0.2438−0.106%$20K$25020x
Kalshi KXADAPERP+0.0113%8h0.2439−0.061%$197K$6.2M3.2xas long as short
Phoenix ADA+0.0163%1h0.2434−0.287%$4K$87K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2459+0.758%$4.4M$5.6M75xas long as short
Reya ADARUSDPERP+0.0281%1h0.2441+0.001%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0356%1h0.2440−0.006%$6.2M$12.2M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0414% / S −0.0202%1h0.2440−0.024%$94K100xas long as short
Deribit ADA_USDC-PERPETUAL+0.0447%1h0.2441+0.025%$499K$472K50xas long as short