Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni+0.057%51s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as 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−$480.476% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 3 days (all we have)−0.217%−$22 · spread now +0.057%, 7d avg −0.010%

Together, before fees−0.200%+ Points / potential airdropPacifica: Active · farm board−$20 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: Pacifica is 0.067% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2454	0.0100	pay 0.0013% / 1h	22m 30s	$55K	$579K	50x
Short	Pacifica ADA	0.2455	0.0100	get 0.0013% / 1h	22m 30s	$157K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → −0.010%: $6.71
Slippage, 4 orders: −$29.6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$40.9
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; Pacifica: live order book, 65 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, 65 min ago	10.13 bp	15.1 bp −$15	47.3 bp −$473	doesn't fit	doesn't fit
Sell Pacifica live order book, 65 min ago	3.44 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit

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	0.2454	+0.006%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2454	0.000%	$153K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	+0.029%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2452	−0.081%	$411K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2457	+0.110%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2456	+0.081%	$42.6M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	+0.058%	$1.2M	$1.0M	75x	as long as short
Pacifica ADAshort	+0.0100%	1h	0.2455	+0.057%	$157K	$147K	10x
Binance ADAUSDT	+0.0100%	8h	0.2460	+0.244%	$101.6M	$354.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2461	+0.285%	$70.8M	$99.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2463	+0.367%	$31.9M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2454	0.000%	$97.0M	$57.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	+0.122%	$52.7M	$56.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	+0.029%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2457	+0.122%	$65.8M	$42.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2457	+0.122%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	+0.061%	$101K	$409K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.098%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	−0.004%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.042%	$289K	$3.9M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2454	long leg	$55K	$579K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	+0.045%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	+0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	+0.053%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.082%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	+0.061%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	+0.037%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	0.000%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2456	+0.072%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2457	+0.131%	$558K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2455	+0.049%	$4K	$82K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0198%	1h	0.2456	+0.086%	$477K	$353K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.122%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2455	+0.053%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0336%	1h	0.2455	+0.052%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0504% / S −0.0263%	1h	0.2454	+0.014%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.570%	$838	$131K	12x	as long as short