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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: Extended against Variational Omni+0.592%7-day average −0.048% · 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)−0.038%−$4 on $10k
Price spread, last 7 days−0.628%−$63 · spread now +0.592%, 7d avg −0.048%
Together, before fees−0.667%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$67 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: Extended is 0.640% dearer against Variational Omni than usual: you sell high and buy low, +$64 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ADA0.24890.0100pay 0.0100% / 8h3h 53m$4.3M$1.1M
ShortExtended ADA-USD0.25040.0104get 0.0013% / 1h53m 57s$542K$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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
$0.84
Price spread: +0.592% → −0.048%
$64
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$59.84
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Extended: live order book, 4 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 Variational Omni RFQ quote, 5 min ago8.08 bpdoesn't fit12.1 bp −$121doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago2.02 bp4.5 bp −$57.2 bp −$72doesn'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%1h0.2501+0.461%$206K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2500+0.439%$294K$6.5M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2494+0.213%$88K150xas long as short
Kraken Futures PF_ADAUSD+0.0026%1h0.2494+0.207%$6.4M$12.6M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−0.726%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2494+0.198%$416K$8.0M50xas long as short
Aster ADAUSDT+0.0100%8h0.2505+0.638%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2502+0.516%$162K$160K10xas long as short
Binance ADAUSDT+0.0100%8h0.2507+0.736%$105.6M$376.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2506+0.680%$73.5M$109.8M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2505+0.640%$33.7M$108.2M50xas long as short
Gate ADA_USDT+0.0100%8h0.2501+0.480%$100.1M$59.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2504+0.600%$62.3M$60.0M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2504+0.584%$30.3M$15.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2504+0.600%$67.7M$50.3M75xas long as short
BingX ADA-USDT+0.0100%8h0.2506+0.680%$20.2Mas long as short
Variational Omni ADAlong+0.0100%8h0.2489long leg$4.3M$1.1M
edgeX ADAUSDC+0.0100%4h0.2486−0.104%$66K$283K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2488−0.043%$292K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2489−0.003%$229K$748K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2499+0.391%$97K$693K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2494+0.198%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2496+0.273%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2496+0.276%$8K$732K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2495+0.218%$343$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2499+0.380%$1.4M$6.4M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2495+0.238%$48.7M$6.6M50xas long as short
Extended ADA-USDshort+0.0104%1h0.2504+0.592%$542K$1.8M50x
Paradex ADA-USD-PERP+0.0115%8h0.2504+0.595%$21K$25020xas long as short
Lighter ADA+0.0160%1h0.2496+0.271%$2.5M$1.0M10xas long as short
Phoenix ADA+0.0195%1h0.2478−0.441%$4K$95K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2496+0.279%$4.6M$5.8M75xas long as short
Backpack ADA_USDC_PERP+0.0268%1h0.2500+0.443%$132K$446K15xas long as short
Reya ADARUSDPERP+0.0278%1h0.2495+0.238%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0512%1h0.2496+0.271%$613K$496K50xas long as short
Hyperliquid ADA+0.0576%1h0.2505+0.627%$44.2M$15.2M10xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0599% / S −0.0547%1h0.2494+0.214%$135K100xas long as short