Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h 0.000%

Price spread now: Paradex against ApeX Omni+0.238%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Paradex

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.238% dearer against ApeX Omni than usual: you sell high and buy low, +$24 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	0.2467	0.0100	pay 0.0013% / 1h	26m 45s	$56K	$584K	50x
Short	Paradex ADA-USD-PERP	0.2473	0.0103	get 0.0103% / 8h	7h 26m	$21K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.238%Rate

Funding earned: $0.66
Price spread: +0.238% → 0.000%: $23.8
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $10.45
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 46 min ago; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 46 min ago	4.09 bp	12.5 bp −$13	40.9 bp −$409	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2469	+0.090%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2469	+0.081%	$184K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2468	+0.026%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.162%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2468	+0.041%	$418K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2468	+0.050%	$6.2M	$11.7M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2467	−0.012%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2468	+0.056%	$1.2M	$948K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2472	+0.216%	$161K	$148K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2472	+0.206%	$103.1M	$365.8M	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	0.2472	+0.203%	$72.6M	$104.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2474	+0.284%	$32.6M	$107.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2467	0.000%	$98.2M	$59.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2470	+0.122%	$53.5M	$51.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2472	+0.195%	$30.3M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2470	+0.122%	$66.1M	$44.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2469	+0.081%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2468	+0.049%	$129K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	+0.126%	$4.2M	$942K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2466	−0.028%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2472	+0.193%	$290K	$3.7M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2467	long leg	$56K	$584K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2468	+0.049%	$94K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2468	+0.041%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2469	+0.070%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2469	+0.081%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2469	+0.061%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2468	+0.026%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2468	+0.041%	$48.2M	$5.8M	50x	as long as short
Paradex ADA-USD-PERPshort	+0.0103%	8h	0.2473	+0.238%	$21K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2468	+0.059%	$540K	$1.8M	50x	as long as short
Lighter ADA	+0.0160%	1h	0.2473	+0.231%	$2.5M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0184%	1h	0.2472	+0.191%	$43.2M	$14.5M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2468	+0.041%	$4.4M	$5.5M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0277%	1h	0.2469	+0.093%	$496K	$434K	50x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2469	+0.082%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0626% / S −0.0393%	1h	0.2467	+0.008%	$142K	—	100x	as long as short