Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni−0.407%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 3 days (all we have)+0.259%+$26 · spread now −0.407%, 7d avg −0.030%

Together, before fees+0.230%+$23 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: Bitget is 0.376% cheaper against ApeX Omni than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2459	0.0100	pay 0.0013% / 1h	31m 11s	$56K	$580K	50x
Short	Bitget ADAUSDT	0.2449	0.0100	get 0.0100% / 8h	1h 31m	$65.7M	$43.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BitgetbpOrdersPrice spread, now −0.407%Rate

Funding earned: $0
Price spread: −0.407% → −0.030%: −$37.64
Slippage, 4 orders: −$21.85
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$81.49
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 52 min ago; Bitget: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 52 min ago	4.06 bp	13.1 bp −$13	42.7 bp −$427	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.03 bp	8.0 bp −$8	11.8 bp −$118	30.2 bp −$3,018	88.3 bp −$44.2K

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2452	−0.300%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	−0.325%	$171K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	−0.326%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2450	−0.366%	$410K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2449	−0.427%	$6.1M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2450	−0.350%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	−0.268%	$42.5M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2452	−0.298%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2453	−0.240%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2449	−0.407%	$101.6M	$358.0M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2449	−0.407%	$71.1M	$100.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2448	−0.447%	$31.7M	$105.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2450	−0.366%	$96.6M	$58.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	−0.285%	$52.7M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	−0.301%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2449	−0.407%	$65.7M	$43.1M	75x
BingX ADA-USDT	+0.0100%	8h	0.2452	−0.285%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2452	−0.297%	$102K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2463	+0.171%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	−0.005%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2463	+0.179%	$289K	$3.7M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2459	long leg	$56K	$580K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2452	−0.301%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	−0.407%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	−0.374%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	−0.367%	$9K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2449	−0.403%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	−0.338%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.407%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2454	−0.205%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.404%	$554K	$1.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0118%	1h	0.2450	−0.386%	$476K	$350K	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2460	+0.061%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	−0.244%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2451	−0.321%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.488%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2451	−0.325%	$122K	—	100x	as long as short