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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0175%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.057%
Price spread now: Reya against ApeX Omni−0.347%63s7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Funding pays, the price is against you. Reya is 0.347% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.347% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 6.6 days of funding at the current rate (+$5 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ADAUSDT0.24390.0100pay 0.0013% / 1h46m 23s$81K$890K50x
ShortReya ADARUSDPERP0.24310.0275get 0.0034% / 1h46m 23s$1K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$36.7
Price spread: −0.347% → 0.000%
−$34.75
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
−$14.05
Costs to cover
0.160%
Break-even
9.7 days
Slippage unknown: ApeX Omni: live order book, 62 min ago; Reya: 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, 62 min ago4.04 bp11.8 bp −$1234.9 bp −$349doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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
Kalshi KXADAPERP0.0000%8h0.2434−0.205%$191K$7.6M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2432−0.307%$83K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+1.312%$849$202K12xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2432−0.287%$6K$5K20xas long as short
Aster ADAUSDT+0.0100%8h0.2432−0.294%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2433−0.247%$156K$178K10xas long as short
Binance ADAUSDT+0.0100%8h0.2432−0.271%$102.3M$410.8M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2431−0.328%$71.9M$125.0M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2432−0.287%$32.3M$117.8M50xas long as short
Gate ADA_USDT+0.0100%8h0.2431−0.328%$99.4M$64.1M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ADA_USDT+0.0100%8h0.2432−0.287%$51.7M$64.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2432−0.308%$29.3M$15.9M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2431−0.328%$66.0M$53.6M75xas long as short
BingX ADA-USDT+0.0100%8h0.2432−0.287%$20.3Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2435−0.164%$137K$484K15xas long as short
Variational Omni ADA+0.0100%8h0.2437−0.078%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2440+0.041%$65K$287K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2437−0.101%$295K$4.0M10xas long as short
ApeX Omni ADAUSDTlong+0.0100%1h0.2439long leg$81K$890K50x
Polymarket Perps ADA-USD+0.0100%1h0.2431−0.340%$125K$1.2M10xas long as short
Derive ADA-PERP+0.0100%1h0.2432−0.294%$39K$4K5xas long as short
SunX ADA-USDT+0.0100%8h0.2434−0.207%$8K$765K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2435−0.144%$335$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2436−0.114%$1.3M$7.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2436−0.123%$47.3M$7.4M50xas long as short
Extended ADA-USD+0.0104%1h0.2431−0.309%$511K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0105%8h0.2434−0.213%$20K$25020xas long as short
Coinbase International ADA-PERP-INTX+0.0120%1h0.2438−0.041%$375K$8.6M50xas long as short
dYdX ADA-USD+0.0133%1h0.2432−0.284%$200K$2K10xas long as short
Lighter ADA+0.0136%1h0.2434−0.226%$2.4M$1.0M10xas long as short
Phoenix ADA+0.0163%1h0.2441+0.078%$4K$111K10xas long as short
Kraken Futures PF_ADAUSD+0.0171%1h0.2432−0.307%$6.3M$13.8M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2438−0.041%$4.4M$5.8M75xas long as short
Reya ADARUSDPERPshort+0.0275%1h0.2431−0.347%$1K15x
Hyperliquid ADA+0.0286%1h0.2433−0.234%$42.7M$18.2M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0490%1h0.2433−0.262%$619K$612K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0629% / S −0.0728%1h0.2430−0.358%$163K100xas long as short