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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against SunX−0.635%54s7-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 feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.635% cheaper against SunX than usual: you would sell low and buy high (−$64 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ADA-USDT0.24560.0100pay 0.0100% / 8h6h 42m$9K$774K30x
ShortgTrade (Gains Network) ADA/USD0.2440L +0.0005% / S −0.0003%get 0.0000% / 1h42m 22s$83K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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
−$20.35
Price spread: −0.635% → 0.000%
−$63.52
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$101.87
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 69 min ago; gTrade (Gains Network): 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 SunX live order book, 69 min ago20.80 bp24.8 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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%1h0.2442−0.579%$201K$4K10xas long as short
gTrade (Gains Network) ADA/USDshortL +0.0005% / S −0.0003%1h0.2440−0.635%$83K150x
Injective ADA/USDC PERP+0.0033%1h0.2471+0.610%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0048%1h0.2453−0.123%$406K$7.4M50xas long as short
Lighter ADA+0.0096%1h0.2444−0.481%$2.4M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h0.2445−0.469%$42.6M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2444−0.499%$1.2M$971K75xas long as short
Pacifica ADA+0.0100%1h0.2443−0.518%$158K$158K10xas long as short
Binance ADAUSDT+0.0100%8h0.2442−0.570%$102.0M$376.1M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2441−0.611%$71.8M$108.5M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2443−0.530%$32.4M$108.2M50xas long as short
Gate ADA_USDT+0.0100%8h0.2442−0.570%$97.9M$58.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2442−0.570%$50.2M$50.9M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2444−0.505%$29.8M$18.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2441−0.611%$65.2M$46.6M75xas long as short
BingX ADA-USDC+0.0100%8h0.2442−0.570%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2449−0.294%$126K$422K15xas long as short
Variational Omni ADA+0.0100%8h0.2453−0.118%$4.2M$992Kas long as short
edgeX ADAUSDC+0.0100%4h0.2458+0.086%$65K$283K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2453−0.124%$290K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2460+0.162%$56K$588K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2442−0.554%$89K$660K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2441−0.611%$6K$28K20xas long as short
Derive ADA-PERP+0.0100%1h0.2443−0.536%$40K$3K5xas long as short
SunX ADA-USDTlong+0.0100%8h0.2456long leg$9K$774K30x
SoDEX ADA-USD+0.0100%1h0.2454−0.090%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2455−0.045%$1.3M$5.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2450−0.245%$47.7M$6.4M50xas long as short
Extended ADA-USD+0.0104%1h0.2442−0.554%$533K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0105%8h0.2444−0.469%$20K$25020xas long as short
Kalshi KXADAPERP+0.0109%8h0.2457+0.040%$195K$6.2M3.2xas long as short
Phoenix ADA+0.0163%1h0.2453−0.135%$4K$87K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2459+0.122%$4.4M$5.6M75xas long as short
Reya ADARUSDPERP+0.0281%1h0.2444−0.508%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0354%1h0.2452−0.153%$6.2M$12.1M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0402%1h0.2454−0.074%$502K$473K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0621% / S −0.0389%1h0.2440−0.642%$140K100xas long as short