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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0195%/8h= +21.4% APRnext payment +$0.24 per $10,000 · paid last 24h +0.075%
Price spread now: GMX against ApeX Omni−0.131%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.131% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.2 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ADAUSDT0.24730.0100pay 0.0013% / 1h52m 32s$70K$896K50x
ShortGMX ADA/USD [WBTC.b-USDC]0.2470L +0.0369% / S −0.0295%get 0.0037% / 1h52m 32s$88K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$40.96
Price spread: −0.131% → 0.000%
−$13.1
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$5.86
Costs to cover
0.220%
Break-even
6.0 days
Slippage unknown: ApeX Omni: live order book, 59 min ago; GMX: 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 ApeX Omni live order book, 59 min ago6.05 bp15.1 bp −$1548.1 bp −$481doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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 exchanges

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%1h0.2464−0.347%$206K$5K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2472−0.040%$233K$7.7M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2470−0.115%$85K150xas long as short
Kraken Futures PF_ADAUSD+0.0031%1h0.2471−0.097%$6.3M$13.2M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−0.081%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.2466−0.287%$2.4M$934K10xas long as short
Aster ADAUSDT+0.0100%8h0.2466−0.286%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2465−0.311%$158K$151K10xas long as short
Binance ADAUSDT+0.0100%8h0.2465−0.323%$105.6M$381.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2465−0.323%$74.0M$121.6M75xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2466−0.283%$32.6M$107.7M50xas long as short
Gate ADA_USDT+0.0100%8h0.2464−0.364%$101.5M$59.7M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2465−0.323%$49.7M$67.8M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2465−0.315%$29.5M$15.3M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2466−0.283%$67.5M$50.0M75xas long as short
BingX ADA-USDC+0.0100%8h0.2466−0.283%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2470−0.101%$141K$449K15xas long as short
Variational Omni ADA+0.0100%8h0.2472−0.046%$4.2M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2475+0.062%$66K$289K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.24730.000%$290K$3.6M10xas long as short
ApeX Omni ADAUSDTlong+0.0100%1h0.2473long leg$70K$896K50x
Polymarket Perps ADA-USD+0.0100%1h0.2470−0.101%$119K$1.3M10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2469−0.162%$6K$5K20xas long as short
SunX ADA-USDT+0.0100%8h0.2471−0.082%$8K$672K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2470−0.101%$340$6K10xas long as short
HTX ADA-USDT+0.0100%8h0.2471−0.091%$1.3M$6.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2471−0.081%$47.7M$7.5M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2465−0.307%$19K$58920xas long as short
Extended ADA-USD+0.0104%1h0.2465−0.336%$543K$1.7M50xas long as short
Hyperliquid ADA+0.0107%1h0.2467−0.259%$44.0M$17.4M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0114%1h0.2471−0.069%$608K$798K50xas long as short
Phoenix ADA+0.0161%1h0.2472−0.020%$3K$104K10xas long as short
Coinbase International ADA-PERP-INTX+0.0176%1h0.2472−0.040%$404K$8.0M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2470−0.121%$4.6M$5.5M75xas long as short
Reya ADARUSDPERP+0.0270%1h0.2470−0.129%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]shortL +0.0369% / S −0.0295%1h0.2470−0.131%$88K100x