Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni−0.016%76s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.532% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.016%, 7d avg 0.000%

Together, before fees+0.281%+$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2463	0.0100	pay 0.0013% / 1h	47m 47s	$70K	$896K	50x
Short	HTX ADA-USDT	0.2463	0.0100	get 0.0100% / 8h	5h 47m	$1.3M	$6.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → 0.000%: −$1.59
Slippage, 4 orders: −$31.23
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$54.82
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 64 min ago; HTX: live order book, 4 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, 64 min ago	6.05 bp	15.1 bp −$15	48.1 bp −$481	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.02 bp	8.4 bp −$8	22.6 bp −$226	51.8 bp −$5,183	doesn't fit

ADA on 36 exchanges

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	0.2460	−0.111%	$206K	$5K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	−0.081%	$237K	$7.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	−0.113%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0031%	1h	0.2462	−0.030%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.325%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.012%	$2.4M	$935K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2464	+0.045%	$43.9M	$17.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2463	+0.015%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	−0.073%	$158K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2463	+0.003%	$105.3M	$380.8M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2463	0.000%	$74.1M	$121.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2463	0.000%	$32.5M	$107.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2462	−0.041%	$101.3M	$59.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2463	0.000%	$51.2M	$68.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2463	−0.012%	$29.5M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2463	0.000%	$67.3M	$50.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2463	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	+0.004%	$141K	$449K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2462	−0.046%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	−0.027%	$66K	$290K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2470	+0.304%	$301K	$3.6M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2463	long leg	$70K	$896K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	−0.089%	$118K	$1.3M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	−0.081%	$6K	$5K	20x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	−0.043%	$8K	$670K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	−0.032%	$339	$6K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2463	−0.016%	$1.3M	$6.8M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2463	0.000%	$47.6M	$7.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2460	−0.104%	$19K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	−0.033%	$543K	$1.7M	50x	as long as short
Phoenix ADA	+0.0161%	1h	0.2472	+0.386%	$3K	$104K	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0176%	1h	0.2465	+0.081%	$403K	$8.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	−0.081%	$4.6M	$5.5M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0237%	1h	0.2463	0.000%	$596K	$809K	50x	as long as short
Reya ADARUSDPERP	+0.0269%	1h	0.2462	−0.048%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2462	−0.058%	$87K	—	100x	as long as short