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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Variational Omni−0.175%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 airdropVariational Omni: Active · farm boardneeds 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 0.175% cheaper against Variational Omni than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ADA0.24560.0100pay 0.0100% / 8h5h 57m$4.2M$991K
ShortgTrade (Gains Network) ADA/USD0.2452L +0.0005% / S −0.0003%get 0.0000% / 1h57m 49s$84K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$20.35
Price spread: −0.175% → 0.000%
−$17.55
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$47.9
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago8.15 bpdoesn't fit12.2 bp −$122doesn'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 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
dYdX ADA-USD0.0000%1h0.2454−0.104%$202K$3K10xas long as short
gTrade (Gains Network) ADA/USDshortL +0.0005% / S −0.0003%1h0.2452−0.175%$84K150x
Injective ADA/USDC PERP+0.0033%1h0.2471+0.608%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2452−0.166%$411K$7.4M50xas long as short
Hyperliquid ADA+0.0100%1h0.2452−0.182%$42.7M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2451−0.215%$1.2M$982K75xas long as short
Pacifica ADA+0.0100%1h0.2454−0.097%$157K$158K10xas long as short
Binance ADAUSDT+0.0100%8h0.2450−0.228%$102.9M$367.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2450−0.247%$72.3M$107.4M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2451−0.206%$32.6M$105.7M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2448−0.329%$97.8M$58.1M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2450−0.247%$65.0M$53.3M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2450−0.259%$29.8M$17.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2449−0.288%$65.6M$47.3M75xas long as short
BingX ADA-USDC+0.0100%8h0.2450−0.247%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2451−0.202%$127K$415K15xas long as short
Variational Omni ADAlong+0.0100%8h0.2456long leg$4.2M$991K
edgeX ADAUSDC+0.0100%4h0.2456+0.008%$65K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2461+0.218%$288K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2455−0.044%$56K$590K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2454−0.084%$94K$672K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2452−0.166%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2454−0.097%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2454−0.087%$9K$748K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2452−0.145%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2453−0.133%$1.3M$5.9M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2450−0.247%$47.7M$6.3M50xas long as short
Extended ADA-USD+0.0104%1h0.2449−0.270%$532K$1.8M50xas long as short
Kalshi KXADAPERP+0.0106%8h0.2452−0.166%$126K$6.2M3.2xas long as short
Paradex ADA-USD-PERP+0.0107%8h0.2455−0.041%$21K$25020xas long as short
Lighter ADA+0.0128%1h0.2454−0.076%$2.4M$1.0M10xas long as short
Phoenix ADA+0.0163%1h0.2457+0.038%$4K$81K10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0239%1h0.2454−0.105%$502K$470K50xas long as short
Kraken Futures PF_ADAUSD+0.0262%1h0.2451−0.197%$6.2M$12.1M50xas long as short
Reya ADARUSDPERP+0.0280%1h0.2453−0.145%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0416% / S −0.0202%1h0.2452−0.172%$95K100xas long as short