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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h 0.000%
Price spread now: Injective against ApeX Omni−0.081%7-day average −0.293% · 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 7 days−0.079%−$8 on $10k
Price spread, last 4 days (all we have)−0.143%−$14 · spread now −0.081%, 7d avg −0.293%
Together, before fees−0.222%−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.212% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.081% now, against its 7-day average of −0.293%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ADAUSDT0.24730.0100pay 0.0013% / 1h22m 32s$228K$745K50x
ShortInjective ADA/USDC PERP0.24710.0033get 0.0004% / 1h22m 32s$849$202K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: −0.081% → −0.293%
$21.22
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$2.8
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 36 min ago; Injective: 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, 36 min ago2.04 bp8.5 bp −$940.9 bp −$409doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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 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%1h0.2471−0.074%$203K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2471−0.081%$149K$6.2M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2469−0.148%$84K150xas long as short
Injective ADA/USDC PERPshort+0.0033%1h0.2471−0.081%$849$202K12x
Coinbase International ADA-PERP-INTX+0.0080%1h0.2471−0.081%$425K$7.7M50xas long as short
Kraken Futures PF_ADAUSD+0.0092%1h0.2472−0.059%$6.3M$12.7M50xas long as short
Lighter ADA+0.0096%1h0.2474+0.044%$2.4M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2471−0.070%$1.2M$985K75xas long as short
Pacifica ADA+0.0100%1h0.2473−0.007%$161K$160K10xas long as short
Binance ADAUSDT+0.0100%8h0.2475+0.091%$104.9M$369.8M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2472−0.040%$72.1M$108.5M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2474+0.040%$33.0M$105.5M50xas long as short
Gate ADA_USDT+0.0100%8h0.2472−0.040%$98.7M$59.6M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2472−0.040%$60.9M$60.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2472−0.028%$29.9M$15.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.24730.000%$66.6M$49.4M75xas long as short
BingX ADA-USDT+0.0100%8h0.2474+0.040%$20.0Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2472−0.049%$125K$441K15xas long as short
Variational Omni ADA+0.0100%8h0.2470−0.120%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2473−0.004%$66K$283K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2475+0.082%$290K$3.8M10xas long as short
ApeX Omni ADAUSDTlong+0.0100%1h0.2473long leg$228K$745K50x
Polymarket Perps ADA-USD+0.0100%1h0.2470−0.129%$95K$688K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2471−0.081%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2472−0.024%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2472−0.040%$8K$729K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2472−0.040%$340$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2470−0.132%$1.3M$6.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2472−0.040%$48.2M$6.6M50xas long as short
Extended ADA-USD+0.0104%1h0.2474+0.055%$537K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0110%8h0.2474+0.035%$21K$25020xas long as short
Hyperliquid ADA+0.0185%1h0.2474+0.030%$42.9M$14.7M10xas long as short
Phoenix ADA+0.0195%1h0.2475+0.061%$4K$100K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2471−0.081%$4.5M$5.8M75xas long as short
Reya ADARUSDPERP+0.0278%1h0.2469−0.142%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0519%1h0.2472−0.028%$600K$488K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0595% / S −0.0547%1h0.2469−0.163%$133K100xas long as short